HOWDEN INSURANCE BROKERS LIMITED
Company Information
- Company Number
- 00725875
- Registered Address
- One Creechurch Place, London, United Kingdom, EC3A 5AF
- Status
- Active
- Employee Count
- 1436.0
- Turnover
- 427604000.0
- EBITDA
- 149697000.0
Additional Details
- Website
- https://cyberassist.net/
- Company Type
- Private limited Company
- Incorporated On
- 1 June 1962
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 30 Sept 2023 | 31 Oct 2023 | 46 | 55% | 18% | 27% | 54% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 30 | 53% | 21% | 26% | 52% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 30 | 69% | 8% | 24% | 31% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 35 | 68% | 9% | 23% | 29% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 30 | 69% | 8% | 24% | 31% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 30 | 69% | 8% | 24% | 31% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 35 | 58% | 13% | 29% | 40% |
| 01 Oct 2019 - 31 Mar 2020 | 04 May 2020 | 44 | 55% | 14% | 31% | 45% |
| 01 Apr 2019 - 30 Sept 2019 | 19 Nov 2019 | 34 | 56% | 34% | 10% | 43% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 19 | 90% | 1% | 9% | 33% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 19 | 41% | 17% | 42% | 39% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 40 | 61% | 16% | 23% | 57% |
Company Summary
Howden Insurance Brokers Limited is a leading global insurance broker, providing a wide range of risk management and insurance solutions to clients around the world
The company was founded in 1994 and is headquartered in London, United Kingdom
The company offers a variety of insurance products and services, including property and casualty, marine, aviation, employee benefits, and specialty programs
They also provide risk management consulting and claims handling services to help clients mitigate and manage their risks
As part of their commitment to sustainability, Howden Insurance Brokers Limited has implemented a sustainability program that focuses on reducing their environmental impact, promoting diversity and inclusion, and supporting local communities
They also work closely with their clients to help them understand and manage their own sustainability risks
The company is led by a team of experienced professionals, including CEO José Manuel González, who has over 30 years of experience in the insurance industry
Their team of experts is dedicated to providing innovative and tailored solutions to meet the evolving needs of their clients
Howden Insurance Brokers Limited can be contacted through their website, which provides information on their products and services, as well as their global office locations
Their registered office address is 16 Eastcheap, London, EC3M 1BD, United Kingdom
In summary, Howden Insurance Brokers Limited is a reputable and sustainable insurance broker, offering a wide range of products and services to clients worldwide
With a strong focus on sustainability and a dedicated team of professionals, the company continues to be a trusted partner for managing risk and protecting businesses
Company Review
Trend Analysis
The trend for HOWDEN INSURANCE BROKERS LIMITED in terms of average time to pay invoices has fluctuated over the past three periods. In the first period (Oct 2017 - Mar 2018), the average time to pay was 40 days, which decreased to 19 days in the next period (Apr 2018 - Sep 2018). However, in the most recent period (Oct 2022 - Mar 2023), the average time to pay has increased to 46 days.
Volatility Analysis
The volatility of HOWDEN INSURANCE BROKERS LIMITED in terms of average time to pay invoices has been moderate. The largest change occurred between the first and second period, with a decrease of 21 days in average time to pay. The smallest change occurred between the ninth and tenth period, with an increase of 5 days in average time to pay.
Summary Analysis
In the past three periods, there have been some changes in the payment practices of HOWDEN INSURANCE BROKERS LIMITED. The company has shown improvement in paying invoices within 30 days, with an increase from 41% to 69%. However, there has been a decrease in the percentage of invoices paid between 31-60 days, from 34% to 8%. The company has also seen an increase in the percentage of invoices paid later than 60 days, from 10% to 27%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms agreed with suppliers as part of contract negotiations. The most commonly used terms are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Howden has a dedicated Finance Operations Team, which is reachable by phone and email. Suppliers with invoice disputes contact this team and if the team is not able to resolve they escalate the issue to the Finance Operations Manager. The Finance Operations Team work with the supplier to resolve promptly.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available