Score of 100/100 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 Jan 2025 - 30 Jun 2025 | 04 Aug 2025 | 3 | 100% | 0% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 7 | 97% | 3% | 0% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 6 | 96% | 3% | 1% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 7 | 96% | 3% | 1% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 5 | 98% | 2% | 0% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 7 | 96% | 3% | 1% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 7 | 97% | 3% | 0% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Feb 2022 | 6 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 6 | 98% | 2% | 0% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 7 | 96% | 4% | 0% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 7 | 97% | 2% | 1% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 11 | 94% | 4% | 2% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 11 | 95% | 4% | 1% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 11 | 94% | 4% | 2% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 14 | 94% | 4% | 2% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
FM Insurance Company Limited's standard payment terms are thirty days from date of 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
FM Insurance Company Limited is committed to dealing with its suppliers in a fair and professional manner while seeking best value for the business. We strive to resolve queries and disputes as quickly as possible to everyone's satisfaction. In the unlikely event that a dispute is not resolved by our accounts payable team in a reasonable time frame, it can be escalated to the Accounts Payable Manager or FMI Finance Manager. Suppliers may raise queries and disputes by emailing: internationalfinancequeries@fmglobal.com.
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
F.M. Insurance Company Limited is a private limited company registered in England, incorporated in 1963 and based in Maidenhead, Berkshire. Companies House records its nature of business under the non-life insurance classification, indicating it operates within the general insurance sector. The available filings also list a secondary classification for other business support activities. No further detail on specific products, policyholders or trading operations is provided in the evidence. The company remains active, with accounts and confirmation statements filed up to recent dates.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk