| 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 2025 - 31 Dec 2025 | 29 Jan 2026 | 48 | 39% | 44% | 17% | 45% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 42 | 44% | 36% | 20% | 36% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 34 | 44% | 48% | 8% | 40% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 34 | 58% | 34% | 8% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 36 | 51% | 38% | 11% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 36 | 54% | 32% | 14% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 32 | 58% | 33% | 9% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 41 | 49% | 39% | 12% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 54 | 34% | 40% | 26% | 47% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 33 | 54% | 38% | 8% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 39 | 41% | 53% | 6% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 45 | 10% | 82% | 8% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 53 | 45% | 31% | 24% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 70 | 14% | 46% | 40% | 59% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard contractual payment terms for all qualifying contracts are no later than 45 days after the receipt of an invoice. Other payment terms may apply. Agreed payment terms are reflected in our contractual documentation and accounting system.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Although the payment period under the Company’s standard payment terms runs from the date of receipt of the relevant invoice, for the purpose of calculating the metrics for this report, we have taken the date stated on the invoice itself as the commencement date for the payment period, and the statistics are reported against this measure. Consequently, it is likely that the statistics will show a greater level of late payments than is actually the case if strictly applying the standard payment terms. Of the 45% of invoices due but not paid within agreed terms, 100% were made to companies external to the Willis Towers Watson Group. There are no formal disputes with suppliers regarding late payments.
Maximum contractual payment period agreed
45
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.
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
WILLIS GROUP LIMITED is a leading global insurance broker and risk advisor, with headquarters in London, UK. The company offers a wide range of insurance and risk management services to clients in more than 140 countries.
The company's sustainability program, called "Sustainability 2020", aims to integrate sustainability into all aspects of their business operations. This includes reducing their environmental footprint, promoting diversity and inclusion, and supporting local communities through charitable initiatives.
WILLIS GROUP LIMITED offers a variety of products and services, including property and casualty insurance, employee benefits, and reinsurance solutions. They also provide risk consulting and analytical services to help clients identify and manage potential risks.
The key people at WILLIS GROUP LIMITED include CEO John Haley, who has been with the company since 2013, and Chairman James McCann, who has been with the company since 2006. The company has a team of experienced insurance professionals who work closely with clients to provide tailored solutions to their specific needs.
For more information about their products and services, potential clients can visit their website at www.willis.com. The registered office address of WILLIS GROUP LIMITED is 51 Lime Street, London, EC3M 7DQ, United Kingdom.
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