LIBERTY MUTUAL INSURANCE EUROPE PLC
Company Information
- Company Number
- 01088268
- Registered Address
- 20 Fenchurch Street, London, EC3M 3AW
- Status
- Converted / Closed
- Employee Count
- 449
- Turnover
- £475,153,000
- EBITDA
- -£80,725,000
Additional Details
- Website
- https://www.lpinsure.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 21 December 1972
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for Liberty Mutual Insurance Europe PLC shows a decreasing trend in the average time taken to pay invoices over the past three periods. In the first period (Jan 2018 - Jun 2018), the average time to pay was 19 days, which increased to 24.4 days in the second period (Jul 2018 - Dec 2018). However, in the third period (Jan 2019 - Jun 2019), the average time to pay decreased to 17.7 days. This suggests that the company has been making efforts to improve their payment efficiency.
Volatility Analysis
The data for Liberty Mutual Insurance Europe PLC shows a moderate level of volatility in terms of the percentage of invoices paid within 30 days. In the first period, 94% of invoices were paid within 30 days, which decreased to 86% in the second period. However, in the third period, 96% of invoices were paid within 30 days. This suggests that the company's payment efficiency has fluctuated slightly over the past three periods.
Summary Analysis
The data for Liberty Mutual Insurance Europe PLC shows a decreasing trend in the average time taken to pay invoices over the past three periods. In the third period (Jan 2019 - Jun 2019), the average time to pay was 17.7 days, which is a significant improvement from the second period (24.4 days). This suggests that the company has been making efforts to improve their payment efficiency.
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 2018 - 30 Jun 2018 | 09 Aug 2018 | 19 | 94% | 4% | 2% | 6% |
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
Payment upon receipt
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
In the event an invoice may not be settled in a timely manner or have an issue/dispute, suppliers can email the accounts payable department at LSM_AccountsPayable@LibertyGlobalGroup.com where this inbox is managed throughout the day and will respond within 24 hours.
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.
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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
Company Summary
LIBERTY MUTUAL INSURANCE EUROPE PLC is a leading insurance company with a strong focus on sustainability. They provide a wide range of insurance products and services to customers in Europe and around the world.
One of the key activities of LIBERTY MUTUAL INSURANCE EUROPE PLC is their sustainability program. This program is designed to minimize the impact of their operations on the environment and promote social responsibility. They have set targets to reduce their carbon footprint, increase their use of renewable energy sources, and promote sustainable business practices.
In terms of products and services, LIBERTY MUTUAL INSURANCE EUROPE PLC offers a variety of insurance solutions for businesses, individuals, and organizations. These include property and casualty insurance, commercial risk solutions, personal insurance, and surety bonds.
The company is led by a team of experienced and knowledgeable professionals, including their CEO, Matthew Moore. Under his leadership, LIBERTY MUTUAL INSURANCE EUROPE PLC has continued to grow and expand their presence in the European insurance market.
For those interested in learning more about LIBERTY MUTUAL INSURANCE EUROPE PLC, their website address is www.libertymutualinsurance.eu. Their registered office address is 20 Fenchurch Street, London EC3M 3AW, United Kingdom.
