SUNDERLAND MARINE INSURANCE COMPANY LIMITED
Company Information
- Company Number
- 00016432
- Registered Address
- The, Quayside, Newcastle Upon Tyne, NE1 3DU
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://sunderlandmarine.com
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 17 February 1882
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- North East
Company Review
Trend Analysis
The average time taken for SUNDERLAND MARINE INSURANCE COMPANY LIMITED to pay invoices has fluctuated over the past three periods. It decreased from 27 days in Feb 2018 to 22 days in Feb 2019, but then increased to 26 days in Feb 2020. The trend seems to be an increase in the time taken to pay invoices.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, with a range of 3% to 8% in the past three periods. However, there is more volatility in the percentage of invoices paid later than 60 days, with a range of 1% to 14%. This indicates that the company may struggle with consistency in paying invoices on time.
Summary Analysis
From Feb 2018 to Feb 2020, SUNDERLAND MARINE INSURANCE COMPANY LIMITED has seen a decrease in the percentage of invoices paid within 30 days, from 74% to 61%. This is a significant change of 13%. The company has also seen an increase in the percentage of invoices paid later than 60 days, from 8% to 14%. However, there was a slight improvement in the most recent period, with the percentage decreasing from 14% to 6%. The shortest (or only) standard payment period has remained consistent at 0 days.
Performance Reports History
| 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 |
|---|---|---|---|---|---|---|
| 21 Aug 2020 - 20 Feb 2021 | 26 Mar 2021 | |||||
| 21 Feb 2020 - 20 Aug 2020 | 29 Sept 2020 | 45 | 61% | 25% | 14% | 74% |
| 21 Aug 2019 - 20 Feb 2020 | 19 Mar 2020 | 26 | 71% | 23% | 6% | 61% |
| 21 Feb 2019 - 20 Aug 2019 | 23 Sept 2019 | 22 | 79% | 20% | 1% | 48% |
| 21 Aug 2018 - 20 Feb 2019 | 15 Mar 2019 | 25 | 74% | 23% | 3% | 73% |
| 21 Feb 2018 - 20 Aug 2018 | 14 Sept 2018 | 27 | 74% | 18% | 8% | 26% |
Payment Time Trends
Payment Distribution Trends
Company Summary
SUNDERLAND MARINE INSURANCE COMPANY LIMITED is a leading insurance company based in the United Kingdom, with a focus on providing marine insurance services. The company was established in 1882 and has since grown to become a trusted and reliable name in the industry.
One of the key activities of SUNDERLAND MARINE INSURANCE COMPANY LIMITED is to provide insurance coverage for a variety of marine risks, including cargo, hull, and liability. They offer tailor-made insurance solutions to meet the specific needs of their clients, whether it be for small fishing vessels or large commercial ships.
Sustainability is a core value for SUNDERLAND MARINE INSURANCE COMPANY LIMITED, and they have implemented various initiatives to reduce their environmental impact. This includes using eco-friendly materials in their policies and promoting sustainable practices among their employees and clients.
The company is also committed to providing excellent customer service and has a team of experienced professionals who are dedicated to helping their clients find the best insurance solutions. They have a strong focus on risk management and work closely with their clients to prevent losses and minimize risks.
The key people at SUNDERLAND MARINE INSURANCE COMPANY LIMITED include their CEO, Mr. John Debbage, and their Chairman, Mr. Geoffrey Parkinson. Both bring a wealth of experience and expertise to the company, ensuring its continued success.
For more information on their products and services, interested parties can visit their website at www.sunderlandmarine.com. The registered office address for the company is 5th Floor, St. James's House, Knoll Road, Camberley, Surrey, GU15 3XW. Overall, SUNDERLAND MARINE INSURANCE COMPANY LIMITED is a reputable and reliable insurance provider that is dedicated to serving the needs of the maritime industry while also promoting sustainability.
