AMTRUST EUROPE LIMITED

Company Information

Company Number
01229676
Registered Address
Market Square House, St. James's Street, Nottingham, England, NG1 6FG
Status
Active
Employee Count
0
Turnover
£130,766,000
EBITDA
£28,649,000

Additional Details

Company Type
Private limited Company
Incorporated On
14 October 1975
Nature of Business
65120 - Non-life insurance
65202 - Non-life reinsurance
Industries
Financial Services
Region
East Midlands

Time to Pay

Average Time to Pay
96 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
70%
31-60 Days
13%
After 60 Days
17%
Not Paid Within Terms48%

Payment Features

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

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The company’s standard payment term is 30 days. Shorter terms might be agreed with some suppliers when a contract is established.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Procurement can negotiate larger longer-term contracts up to 60 days payment terms.

Maximum contractual payment period agreed

45

Dispute Resolution Process

The main point of contact for disputes is the Accounts Payable Team. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Where necessary the Accounts Payable Team will refer to the Procurement team and/or the business manager who raised the order to resolve discrepancies.

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

AMTRUST EUROPE LIMITED is a multinational insurance company that offers a variety of insurance products and services to its clients across Europe. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility.

The company's sustainability program includes measures such as reducing waste, energy consumption, and carbon emissions in its operations. They also support and encourage their employees to volunteer and participate in community service activities.

AMTRUST EUROPE LIMITED offers a range of insurance products such as property, casualty, liability, and specialty risk coverage. They cater to both commercial and personal clients, providing tailored solutions to meet their specific needs.

Some key people in the company include its CEO, Jeff Jacobs, and its CFO, Gabriel Morales-Casas.

Clients can contact AMTRUST EUROPE LIMITED through their website, which is user-friendly and provides detailed information on their products and services. The company's registered office address is located at Market Square House, St. James's Street, Nottingham, NG1 6FG, United Kingdom.

In conclusion, AMTRUST EUROPE LIMITED is a reputable insurance company that prioritizes sustainability and offers a wide range of insurance solutions to its clients. With a strong leadership team and a commitment to social responsibility, the company continues to grow and make a positive impact in the insurance industry.

Financial Metrics

Cash
£42,003,000
Net Worth
£200,449,000
Total Current Assets
£372,054,000
Total Current Liabilities
£531,832,000

Company Location