TOKIO MARINE KILN INSURANCE LIMITED

Company Information

Company Number
00989421
Registered Address
20 Fenchurch Street, London, EC3M 3BY
Status
Active
Employee Count
2
Turnover
£51,000
EBITDA
£10,029,000

Additional Details

Company Type
Private limited Company
Incorporated On
15 September 1970
Nature of Business
65120 - Non-life insurance
65202 - Non-life reinsurance
Industries
Financial Services, Waterways Travel
Region
London

Time to Pay

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

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2018 - 30 Jun 201831 Jul 201814100%0%0%0%

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

The majority of goods and services used in the operation of Tokio Marine Kiln Insurance Limited are managed and paid by a group service company, Tokio Marine Kiln Insurance Services Limited (TMKISL). Please refer to TMKISL for further reporting on payment practices and performance. The standard contractual terms for TMKISL are payment within 30 days after the invoice is received. These terms are stated in the contractual agreements with suppliers. Invoices should be submitted in PDF format to the Accounts Payable Team at AllLondonAccountsPayable@tokiomarinekiln.com.

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

Queries related to outstanding invoices or payments made should be raised in the first instance with the Accounts Payable Team on AllLondonAccountsPayable@tokiomarinekiln.com. They will liaise with the relevant department who ordered the products or services as soon as possible to seek to resolve any issues.

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

Tokio Marine Kiln Insurance Limited is a leading insurance company based in London, United Kingdom. They offer a wide range of insurance products and services to their clients, including property, casualty, marine, and speciality insurance.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program in place to promote responsible business practices and reduce their carbon footprint. This includes using renewable energy sources, promoting recycling and waste reduction, and implementing energy-efficient measures.

Tokio Marine Kiln Insurance Limited has a team of experienced and dedicated professionals, led by CEO Charles Franks. They are committed to providing excellent customer service and delivering innovative insurance solutions to meet the evolving needs of their clients.

The company's products and services are designed to provide comprehensive coverage and protection to their clients. They offer specialized insurance solutions for different industries, such as aviation, construction, energy, and professional services. They also offer risk management services to help businesses identify and mitigate potential risks.

For more information on their products and services, customers can visit their website at www.tokiomarinekiln.com. The registered office address of Tokio Marine Kiln Insurance Limited is 20 Fenchurch Street, London, EC3M 3BY, United Kingdom.

Financial Metrics

Cash
£13,333,000
Net Worth
£112,958,000
Total Current Assets
£25,902,000
Total Current Liabilities
£12,736,000

Company Location