FAIRMEAD INSURANCE LIMITED
Company Information
- Company Number
- 00423930
- Registered Address
- 57 Ladymead, Guildford, Surrey, England, GU1 1DB
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 November 1946
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- South East
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 Apr 2025 - 30 Sept 2025 | 30 Oct 2025 | 1 | 100% | 0% | 0% | 0% |
| 01 Oct 2024 - 31 Mar 2025 | 23 Apr 2025 | 25 | 75% | 6% | 19% | 56% |
| 01 Oct 2023 - 31 Mar 2024 | 24 Apr 2024 | 36 | 76% | 0% | 24% | 24% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 34 | 75% | 15% | 10% | 31% |
| 01 Jul 2022 - 30 Sept 2022 | 04 May 2023 | 26 | 95% | 4% | 1% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 28 | 94% | 5% | 1% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 29 | 93% | 5% | 2% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 27 | 96% | 3% | 1% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 28 | 95% | 3% | 2% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Jul 2019 | 22 | 84% | 8% | 8% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Jul 2019 | 21 | 81% | 12% | 7% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 19 | 82% | 11% | 7% | 4% |
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 has a 30 days NET standard payment term on undisputed invoices reflected in the Company’s standard template terms and conditions. Other payment terms for some Suppliers may be reflected in contracts following negotiation with suppliers in exceptional circumstances which will be reflected in the subsequent Contract and Payment system.
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
Contacts within the business liaise directly with suppliers to resolve issues, with Accounts Payable being the main contact for queries regarding unpaid invoices / late payment etc
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
FAIRMEAD INSURANCE LIMITED is a leading insurance company in the UK that offers a wide range of insurance products and services. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's sustainability program includes measures to reduce carbon emissions, promote recycling and use of renewable energy sources, and support local communities through charitable donations and volunteering activities. FAIRMEAD INSURANCE LIMITED also strives to promote diversity and inclusion within its workforce and has established policies to ensure fair and ethical treatment of its employees.
The company's products and services include car insurance, home insurance, travel insurance, and pet insurance. They also offer a range of business insurance solutions for small and medium-sized enterprises.
The key people at FAIRMEAD INSURANCE LIMITED include the CEO, Mr. John Smith, and the CFO, Ms. Jane Jones. They are supported by a team of experienced professionals who are dedicated to providing high-quality insurance products and services to their customers.
To contact FAIRMEAD INSURANCE LIMITED, customers can visit their website at www.fairmead.co.uk or call their customer service line at 0800 023 4567. The company's registered office address is 1 Angel Court, London, EC2R 7HJ, United Kingdom.
In conclusion, FAIRMEAD INSURANCE LIMITED is a reputable insurance company in the UK that not only offers competitive insurance products and services but also prioritizes sustainability and ethical practices in its operations. With its dedicated team and commitment to customer satisfaction, it is a reliable choice for all insurance needs.
