Industry ranking
Score of 84.1/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 19 Jan 2026 | 25 | 78% | 21% | 1% | 15% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 28 | 80% | 19% | 1% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Jan 2025 | 24 | 80% | 19% | 1% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 23 | 82% | 17% | 1% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 24 | 80% | 19% | 1% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 24 | 81% | 16% | 3% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 81% | 17% | 2% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 22 | 80% | 18% | 2% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 22 | 80% | 18% | 2% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 22 | 81% | 16% | 3% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 22 | 81% | 16% | 3% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 24 | 76% | 21% | 3% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 24 | 75% | 21% | 4% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 24 | 78% | 18% | 4% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 22 | 81% | 16% | 3% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days following the end of the month in which a correctly detailed invoice is received from the supplier referencing the number of the purchase order. Alternative payment terms can be discussed when entering into a contract.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For the purpose of this report, where suppliers have been paid by direct debit, we have stated the time to pay as zero days
Maximum contractual payment period agreed
30
Disputes are resolved on an individual basis, in the first instance, a supplier should contact the requestor of the goods or service to resolve a dispute.
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
The National Farmers Union Mutual Insurance Society Limited trades as NFU Mutual, a mutual insurer owned by its members rather than shareholders. It provides insurance for home, motor, landlord, commercial vehicle, business and farm risks, alongside pensions, investments and life cover. The company operates through a network of over 280 local agency offices across the UK, offering quotes, claims handling and financial advice. As a mutual, it has no external shareholders and states that decisions are made in the long-term interest of its members rather than for short-term profit. It is covered by the Financial Services Compensation Scheme.
Generated from the company's website and Companies House records. Sources: nfumutual.co.uk · nfumutual.co.uk