ROYAL LONDON MUTUAL INSURANCE SOCIETY,LIMITED(THE)
Company Information
- Company Number
- 00099064
- Registered Address
- 80 Fenchurch Street, London, United Kingdom, EC3M 4BY
- Status
- Active
- Employee Count
- 4
- Turnover
- £6,000
- EBITDA
- £15,000
Additional Details
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 31 July 1908
- Nature of Business
- 66290 - Other activities auxiliary to insurance and pension funding
- Industries
- Financial Services
- Region
- London
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 | 28 Jul 2025 | 20 | 94% | 5% | 1% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 21 | 93% | 6% | 1% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 20 | 93% | 6% | 1% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 20 | 93% | 5% | 2% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 19 | 94% | 5% | 1% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 20 | 89% | 9% | 2% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 19 | 90% | 7% | 3% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 14 | 90% | 7% | 3% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 13 | 92% | 6% | 2% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jan 2021 | 12 | 94% | 3% | 3% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2021 | 10 | 96% | 3% | 1% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jan 2021 | 10 | 94% | 4% | 2% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2021 | 11 | 93% | 5% | 2% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 29 Jan 2021 | 10 | 94% | 5% | 1% | 6% |
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
Royal London shall pay each invoice which is properly due and correctly submitted to it by the Supplier, within thirty (30) Working Days of receipt, to a bank account nominated in writing by the Supplier.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
In the event of a dispute the Contract Managers shall meet to use all reasonable endeavours to resolve the issue within ten (10) Working Days of the identification of the issue. If the dispute is not resolved within that time it shall then be referred to board or senior management level for discussion. If any dispute has not been settled or a course of action for its settlement agreed within thirty (30) Working Days of it being referred to board or senior management level the parties may attempt to settle it by mediation in accordance with the Centre for Dispute Resolution (“CEDR”) Model Mediation Procedure. Unless otherwise agreed between the parties in writing, the mediator will be appointed by CEDR. To initiate the mediation a party must give written notice to the other party/parties to the dispute requesting mediation (the "Mediation Notice"). A copy of the Mediation Notice should also be sent to CEDR. Subject to any constraints imposed by CEDR the mediation will start not later than ten (10) days after the date of the Mediation Notice.
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.
❌
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.
❌
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.
❌
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
Royal London Mutual Insurance Society, Limited (The) is a leading mutual insurance company in the United Kingdom. Founded in 1861, the company has been providing financial protection and security to its customers for over 150 years.
The main activities of Royal London include offering life insurance, pensions, and investment products to individuals and businesses. They have a wide range of products and services to cater to the diverse needs of their customers. These include life insurance policies, critical illness cover, income protection, pension plans, and investment products such as ISAs and bonds.
In addition to their financial services, Royal London also has a strong focus on sustainability. They have implemented a sustainability program that aims to reduce their environmental impact and promote ethical and responsible business practices. This includes using renewable energy sources, reducing waste, and supporting community initiatives.
The company is led by a team of experienced and dedicated individuals. The CEO is Barry O'Dwyer, who has been with the company since 2016. He is supported by a team of executive and non-executive directors, who bring a wealth of knowledge and expertise to the company.
For those interested in learning more about Royal London and their products and services, they can visit their website at www.royallondon.com. The company's registered office address is located at 55 Gracechurch Street, London, EC3V 0RL, United Kingdom.
In summary, Royal London Mutual Insurance Society, Limited (The) is a reputable and sustainable insurance company that offers a wide range of products and services to meet the financial needs of its customers. With a strong leadership team and a commitment to sustainability, the company continues to provide reliable and ethical solutions to its clients.
