COVEA INSURANCE PLC
Company Information
- Company Number
- 00613259
- Registered Address
- A&B Mills, Dean Clough, Halifax, United Kingdom, HX3 5AX
- Status
- Active
- Employee Count
- 0
- Turnover
- £596,762,000
- EBITDA
- -£162,917,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 20 October 1958
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- Yorkshire and The Humber
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 | 25 Jul 2025 | 0 | 100% | 0% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 11 Feb 2022 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 1 | 100% | 0% | 0% | 0% |
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
Standard payment terms are 30 days after the date of the invoice.
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
Any dispute should first be referred to purchaseledger@coveainsurance.co.uk
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
COVEA INSURANCE PLC is a leading insurance company in the UK, providing a wide range of insurance products and services to individuals and businesses. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and support local communities.
Their sustainability program includes measures such as reducing carbon emissions and waste, promoting sustainable transportation, and supporting renewable energy projects. They also have a strong focus on diversity and inclusion, with initiatives to promote equal opportunities and support for underrepresented groups.
COVEA INSURANCE PLC offers a range of insurance products such as car, home, and business insurance, as well as specialist coverages for high net worth individuals and commercial clients. Their services include risk assessment, claims handling, and risk management solutions for businesses.
The key people at COVEA INSURANCE PLC include James Reader, the CEO, and Andy Fairchild, the Chief Operating Officer. They have a team of experienced and knowledgeable insurance professionals who are dedicated to providing excellent customer service and innovative solutions.
For more information about their products and services, or to get a quote, customers can visit their website at www.coveainsurance.co.uk. The registered office address for COVEA INSURANCE PLC is Norman Place, Reading, Berkshire, RG1 8DA, United Kingdom. Overall, COVEA INSURANCE PLC is a reputable and socially responsible company that strives to provide reliable insurance solutions while promoting sustainability and supporting local communities.
