WILLIS LIMITED
Company Information
- Company Number
- 00181116
- Registered Address
- 51 Lime Street, London, EC3M 7DQ
- Status
- Active
- Employee Count
- 2,838
- Turnover
- £661,289,000
- EBITDA
- £98,234,000
Additional Details
- Website
- https://www.scr-ltd.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 April 1922
- Nature of Business
- 65120 - Non-life insurance65202 - Non-life reinsurance
- 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 | 30 Jul 2025 | 47 | 21% | 68% | 11% | 46% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 55 | 15% | 69% | 16% | 54% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 56 | 11% | 72% | 17% | 57% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 58 | 16% | 73% | 11% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 74 | 15% | 56% | 29% | 56% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 54 | 36% | 50% | 14% | 26% |
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
The Company’s standard contractual payment terms for all qualifying contracts are payments within 45 days after the date of invoice. Other payment terms may apply. Agreed payment terms are reflected in our contractual documentation and accounting system. Of the 54% of invoices due but not paid within agreed terms, 1% were intercompany (i.e. to companies under common control) and 99% were external to the Willis Towers Watson group. Excluding these intra-group invoice settlements, the average time to pay invoices was 56 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payments only fall due in our accounting system once terms are exceeded. The overdue statistics include a large proportion of invoices that were settled within a few working days of the due date. The average time taken to settle invoices in the period was adversely impacted by a very small number of invoices settled in relation to long-overdue.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Payment processing is managed by the Accounts Payable function and any supplier queries are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant colleague to ensure satisfactory resolution for both the supplier and the Company.
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
WILLIS LIMITED is a renowned British company that offers a wide range of insurance and reinsurance services to its clients. The company was established in 1828 and has since then been providing high-quality and innovative insurance solutions to its customers.
One of the key focuses of WILLIS LIMITED is sustainability. The company is committed to reducing its environmental impact and has implemented various sustainability initiatives. This includes reducing carbon emissions, promoting renewable energy sources, and implementing waste reduction programs. WILLIS LIMITED also works closely with its clients to develop sustainable risk management strategies.
In terms of products and services, WILLIS LIMITED offers a comprehensive range of insurance solutions, including property and casualty insurance, employee benefits, and risk management consulting. The company also specializes in providing reinsurance solutions to other insurance companies.
The key people at WILLIS LIMITED include the CEO, John Haley, who has been with the company since 2012. He is supported by a team of experienced and knowledgeable executives who are committed to the company's success and sustainability goals.
For those looking to contact WILLIS LIMITED, the company's website is www.willis.com. The registered office address is 51 Lime Street, London, EC3M 7DQ, United Kingdom. Customers can also reach out to the company through their customer service hotline or email for any inquiries or assistance.
In conclusion, WILLIS LIMITED is a well-established and reputable company that is committed to sustainability and providing high-quality insurance solutions to its clients. With its experienced leadership team and innovative initiatives, the company continues to be a leader in the insurance industry.
