ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY
Company Information
- Company Number
- 00024869
- Registered Address
- Benefact House 2000 Pioneer Avenue, Gloucester Business Park, Brockworth, Gloucester, United Kingdom, GL3 4AW
- Status
- Active
- Employee Count
- 1,249
- Turnover
- £303,977,000
- EBITDA
- £3,944,000
Additional Details
- Website
- https://ecclesiastical.com/
- Company Type
- Public limited Company
- Incorporated On
- 3 August 1887
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 25 | 85% | 10% | 5% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Feb 2025 | 26 | 83% | 11% | 6% | 35% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 21 | 87% | 8% | 5% | 29% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 25 | 87% | 9% | 4% | 27% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 26 | 85% | 10% | 5% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 29 | 76% | 18% | 6% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | 30 | 73% | 21% | 6% | 32% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 29 | 74% | 22% | 4% | 31% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Template contracts or purchase order terms with a standard payment period of 30 days are in use. Suppliers are aware of this payment period when reviewing terms and conditions and the associated process of quoting an order number when submitting an invoice. We also advise that Ecclesiastical will be liable for late payment charges should we pay invoices late.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The % of invoices not paid within the agreed terms is 23%. However, 85% of invoices are paid within 30 days. Ecclesiastical have a number of arrangements with suppliers have immediate payment terms. In most circumstances, the company considers it out of the ordinary to have immediate payment terms as this doesn’t allow for processing and clearing. The company is reviewing supplier arrangements to consider if this can be addressed.
Maximum contractual payment period agreed
45
Dispute Resolution Process
An invoice received that is not able to be processed and paid (potentially due to various reasons) will be passed to the business owners for confirmation on the resolution. All invoices must be emailed to business.payments@ecclesiastical.com or posted to Ecclesiastical Insurance, Business Payments, Benefact House, 2000 Pioneer Avenue, Gloucester Business Park, Gloucester, GL3 4AW.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Ecclesiastical Insurance Office Public Limited Company is a UK-based insurance company that specializes in providing insurance solutions for the faith, heritage, charity, education, and real estate sectors. The company was founded in 1887 and has been in operation for over 130 years, making it one of the oldest insurance companies in the UK.
The company offers a range of products and services, including property, liability, and travel insurance, as well as risk management and claims support. Their insurance products are tailored to meet the specific needs of their clients, with a focus on protecting their unique assets and operations.
Ecclesiastical Insurance is committed to sustainability and has a strong focus on corporate social responsibility. They have implemented various initiatives to reduce their environmental impact, such as reducing their carbon footprint, promoting sustainable business practices, and supporting environmental charities. They also have a charitable foundation that donates a portion of their profits to various causes.
The key people at Ecclesiastical Insurance include their CEO, Mark Hews, and their Chairman, Philip Hodson. They also have a team of experienced insurance professionals who are dedicated to providing excellent customer service and finding the best insurance solutions for their clients.
The company's website is www.ecclesiastical.com, where customers can find information about their products and services, as well as access online tools and resources. The registered office address is Beaufort House, Brunswick Road, Gloucester, GL1 1JZ, United Kingdom.
In summary, Ecclesiastical Insurance Office Public Limited Company is a long-standing insurance company that specializes in providing insurance solutions for various sectors. They are committed to sustainability and have a range of products and services to meet the unique needs of their clients. Their team of experienced professionals and dedication to corporate social responsibility make them a trusted and reliable insurance provider.
