Score of 94.3/100 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 13 | 87% | 12% | 1% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 49 | 34% | 50% | 16% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 55 | 29% | 54% | 17% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 54 | 53% | 22% | 25% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 53 | 48% | 29% | 23% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 52 | 51% | 29% | 20% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 53 | 46% | 34% | 20% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days from receipt of invoice. Details at http://www.mmc.com/suppliers.html
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
45
Helpdesks and contact details as well as process information is available at www.mmc.com https://www.marshmclennan.com/suppliers
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MARSH CORPORATE SERVICES LIMITED is a leading global insurance brokerage and risk management company. They offer a wide range of services to help businesses manage their risks, protect their assets, and grow their bottom line.
Their sustainability program is focused on minimizing their environmental impact and promoting sustainable practices within their own operations and those of their clients. They have implemented initiatives such as energy efficiency measures, waste reduction programs, and responsible sourcing of materials.
The company offers a range of products and services including risk assessment, insurance brokerage, claims management, and employee benefits consulting. They cater to a variety of industries including construction, healthcare, technology, and more.
Some key people at MARSH CORPORATE SERVICES LIMITED include John Q. Doyle, President and CEO, and Peter Zaffino, Executive Vice President and President of Global Risk and Digital. They lead a team of experienced professionals who are dedicated to providing top-notch services to their clients.
For more information on their products and services, as well as their sustainability program, you can visit their website at www.marsh.com. Their registered office address is located at Tower Place, Tower Hill, London EC3N 4AG, United Kingdom.