The average time for THE MARINE INSURANCE COMPANY LIMITED to pay invoices to suppliers has remained relatively consistent over the past three periods, with a slight increase from 2018 to 2019 and a slight decrease from 2020 to 2021. There is no significant trend indicating an improvement or decline in payment efficiency.
The volatility in payment efficiency for THE MARINE INSURANCE COMPANY LIMITED is relatively low, with only small changes in the percentages of invoices paid within different time frames. The highest volatility was seen in 2019, with a 2.1% increase in invoices paid later than 60 days compared to the previous period.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
THE MARINE INSURANCE COMPANY LIMITED is an active private limited company, incorporated on 1 January 1881, based in the South East region. Registered business activity: Non-life insurance.
From Companies House records.