Score of 90.97/100 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 6 | 100% | 0% | 0% | 0% |
| 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 Apr 2024 - 30 Sept 2024 | 24 Oct 2024 | 22 | 82% | 5% | 14% | 27% |
| 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 2020 - 30 Jun 2020 | 17 Jul 2020 | 26 | 92% | 5% | 3% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 18 Jun 2020 | 27 | 92% | 5% | 3% | 3% |
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms confirm the supplier will be paid within 30 days of receipt of a valid undisputed invoice, unless otherwise agreed and stated in the order.
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
Where The Company has a reasonable dispute regarding an invoice received from Supplier, The Company will promptly notify the Supplier of that dispute. Allianz will pay the undisputed element of the invoice in accordance with normal payment agreement and both Parties will use reasonable endeavours to resolve the dispute regarding the balance of the invoice as quickly as reasonably possible. If any sum due to the Supplier remains unpaid thirty (30) days after payment was due by The Company, the Supplier may charge interest (both before and after any judgment) on the amount unpaid at the rate of 2 per cent per annum above the base rate of Lloyds from time to time until payment is made in full, calculated on a daily basis. The Supplier’s right to charge interest shall not apply where there is a reasonable dispute in accordance with the Dispute Resolution Process as to whether the invoice is properly payable.
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
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.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/00423930" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>