Industry ranking
Score of 96.6/100 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 2025 - 31 Dec 2025 | 16 Jan 2026 | 19 | 97% | 2% | 1% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 17 | 97% | 2% | 1% | 7% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 18 | 95% | 4% | 1% | 14% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Oct 2024 | 24 | 86% | 5% | 9% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days with infrequent exceptions where the payment terms for a specific supplier engagement have been negotiated to a period of less than 30 days.
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
We have a generic email address that is manned by a Help Desk team. We are rolling out a supplier portal to allow suppliers to self-serve for queries on invoices/payments.
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
Markel International Services Limited is a UK-registered company, based in London, that forms part of Markel Group Inc., a global specialty insurance group trading as Markel. Its SIC classification is non-life insurance. The wider Markel group underwrites specialty insurance across property, casualty, marine and other risk lines, serving brokers, agents and policyholders in the US and internationally. Markel's international operations, including this UK entity, provide insurance solutions and services to wholesale and national markets, with London acting as a hub for International customer complaint handling and regional claims contacts. The company itself functions within this corporate structure rather than as an independent trading brand, supporting the group's specialty insurance operations from its Fenchurch Street office.
Generated from the company's website and Companies House records. Sources: markel.com · markel.com · markel.com