MITSUI SUMITOMO INSURANCE COMPANY (EUROPE), LIMITED
Company Information
- Company Number
- 01063340
- Registered Address
- The Leadenhall Building, Level 21, 122 Leadenhall Street, London, England, EC3V 4AG
- Status
- Active
- Employee Count
- 60
- Turnover
- £4,400,000
- EBITDA
- £6,372,000
Additional Details
- Website
- https://www.msi-europe.com/
- Company Type
- Private limited Company
- Incorporated On
- 28 July 1972
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 21 Nov 2025 | 18 | 83% | 8% | 9% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 23 | 78% | 8% | 14% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 23 | 81% | 5% | 14% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jul 2023 | 25 | 70% | 7% | 23% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 45 | 59% | 18% | 23% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 45 | 78% | 14% | 8% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Sept 2021 | 26 | 80% | 11% | 9% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Sept 2021 | 40 | 66% | 19% | 16% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 36 | 68% | 18% | 13% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 01 Sept 2021 | 34 | 71% | 12% | 17% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 37 | 65% | 20% | 16% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 49 | 62% | 15% | 23% | 11% |
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
Standard payment terms are 30 days after the invoice date. However other payment terms are often individually agreed with suppliers. No specified payment terms are set for transactions with Companies in the same group.
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
Any dispute about invoice payment is communicated to the Accounts Payable team. If the dispute cannot be resolved by the Accounts Payable team this can be escalated initially to the Finance Manager and thereafter if still unresolved to the CFO
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
MITSUI SUMITOMO INSURANCE COMPANY (EUROPE), LIMITED is a leading insurance company that operates in Europe. It is a subsidiary of MITSUI SUMITOMO INSURANCE COMPANY, LIMITED, which is one of the largest non-life insurance companies in Japan. The company offers a wide range of insurance products and services to individuals and businesses.
The company is committed to sustainability and has a dedicated sustainability program in place. They aim to reduce their environmental impact, promote diversity and inclusion, and contribute to the well-being of the communities they operate in. As part of their sustainability efforts, they have implemented various initiatives such as using renewable energy, reducing paper usage, and promoting employee volunteerism.
MITSUI SUMITOMO INSURANCE COMPANY (EUROPE), LIMITED offers a diverse portfolio of insurance products including property and casualty, marine, liability, and accident and health insurance. They also provide risk management solutions and services to help businesses mitigate potential risks.
The key people at MITSUI SUMITOMO INSURANCE COMPANY (EUROPE), LIMITED include Mr. Hiroshi Fujii, the Chairman of the Board, and Mr. Masatoshi Sato, the Chief Executive Officer. They have a team of experienced professionals who are dedicated to providing excellent customer service and meeting the insurance needs of their clients.
The company's registered office address is 4th Floor, 70 Gracechurch Street, London, EC3V 0XL, United Kingdom. Their website address is www.msieurope.com, where customers can find more information about their products and services, as well as contact details for their various offices across Europe.
In summary, MITSUI SUMITOMO INSURANCE COMPANY (EUROPE), LIMITED is a reputable insurance company that is committed to sustainability and offers a wide range of insurance products and services to individuals and businesses. With a strong leadership team and a focus on customer satisfaction, the company continues to be a trusted insurance provider in the European market.
