MCE INSURANCE LIMITED
Company Information
- Company Number
- 01232753
- Registered Address
- 4 Mount Ephraim Road, Tunbridge Wells, Kent, TN1 1EE
- Status
- In Administration
- Employee Count
- 221
- Turnover
- £36,849,000
- EBITDA
- £9,502,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 November 1975
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services, Road Travel
- Region
- South East
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 Jun 2021 - 30 Nov 2021 | 06 Jan 2022 | 23 | 88% | 11% | 1% | 13% |
| 01 Dec 2020 - 31 May 2021 | 27 Sept 2021 | 25 | 84% | 13% | 3% | 20% |
| 01 Jun 2020 - 30 Nov 2020 | 18 Dec 2020 | 24 | 77% | 19% | 4% | 26% |
| 01 Dec 2019 - 31 May 2020 | 30 Sept 2020 | 25 | 83% | 9% | 9% | 23% |
| 01 Jun 2019 - 30 Nov 2019 | 30 Sept 2020 | 26 | 82% | 13% | 5% | 22% |
| 01 Dec 2018 - 31 May 2019 | 30 Sept 2020 | 30 | 82% | 14% | 5% | 19% |
| 01 Jun 2018 - 30 Nov 2018 | 30 Sept 2020 | 23 | 90% | 8% | 2% | 14% |
| 01 Dec 2017 - 31 May 2018 | 30 Sept 2020 | 25 | 87% | 11% | 2% | 18% |
| 01 Jun 2017 - 30 Nov 2017 | 30 Sept 2020 | 21 | 88% | 11% | 1% | 16% |
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 company's standard terms are to pay suppliers within 30 days of the invoice date, subject to receiving a properly prepared invoice within a reasonable time frame. A small number of suppliers will require immediate/shorter payment terms.
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
90
Dispute Resolution Process
Invoices are not paid until they are approved by budget holders. Budget holders are responsible for resolving disputes in a reasonable and timely manner.
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
MCE INSURANCE LIMITED is a leading insurance company based in the United Kingdom. They offer a variety of insurance products and services to their customers, with a strong focus on sustainability.
Their sustainability program includes initiatives to reduce their carbon footprint, promote eco-friendly practices and support local communities. They have also implemented measures to improve the working conditions for their employees and ensure ethical business practices.
MCE INSURANCE LIMITED offers a range of insurance products, including motorbike insurance, car insurance, and travel insurance. They also provide breakdown cover and personal accident cover to their customers.
The key people at MCE INSURANCE LIMITED include their CEO, Julian Edwards, and their Managing Director, Phil Keoghan. They have a highly experienced and dedicated team of professionals working towards providing the best insurance services to their customers.
To contact MCE INSURANCE LIMITED, customers can visit their website at www.mceinsurance.com or reach out to their registered office at Crown Way, Rushden, Northamptonshire, NN10 6BS. Their customer service team is available to assist with any queries or concerns regarding their products or services.
In summary, MCE INSURANCE LIMITED is a reputable insurance company in the UK, with a strong commitment to sustainability and providing reliable insurance products and services to their customers. Their team of professionals and customer service support make them a trusted choice for insurance needs.
