MARKEL INTERNATIONAL SERVICES LIMITED

PaymentCheck Score 2024
94Excellent
New Entry
#662 in UK
#331 in London

Company Information

Company Number
00932977
Registered Address
20 Fenchurch Street, London, EC3M 3AZ
Status
Active
Employee Count
Coming Soon
Turnover
Coming Soon
EBITDA
Coming Soon

Additional Details

Company Type
Private limited Company
Incorporated On
30 May 1968
Nature of Business
65120 - Non-life insurance
Industries
Coming Soon
Region
London

Time to Pay

Average Time to Pay
24 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
86%
31-60 Days
5%
After 60 Days
9%
Not Paid Within Terms23%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2024-10-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202430 Jan 20251895%4%1%14%

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

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

Dispute Resolution Process

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/payment.

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

MARKEL INTERNATIONAL SERVICES LIMITED is an active private limited company focused on providing a range of services with an international scope.

The company was incorporated on 30 May 1968 and is registered in the UK under company number 00932977. Its registered office is located at 20 Fenchurch Street, London, EC3M 3AZ.

As a private limited company specialising in services, this type of entity typically provides professional expertise, business support, and various specialised solutions to its clientele within the UK market.

Financial Metrics

Cash
£24,200,000
Net Worth
£302,500
Total Current Assets
£77,000,000
Total Current Liabilities
£91,400,000

Company Location