WILLIS INTERNATIONAL LIMITED
Company Information
- Company Number
- 01234512
- Registered Address
- 51 Lime Street, London, EC3M 7DQ
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£24,000,000
Additional Details
- Website
- https://willis.com
- Company Type
- Private limited Company
- Incorporated On
- 20 November 1975
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 contractual payment terms for all qualifying contracts are no later than 45 days after the receipt of an invoice. Other payment terms may apply. Agreed payment terms are reflected in our contractual documentation and accounting system.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Although the payment period under the Company’s standard payment terms runs from the date of receipt of the relevant invoice, for the purpose of calculating the metrics for this report, we have taken the date stated on the invoice itself as the commencement date for the payment period, and the statistics are reported against this measure. Consequently, it is likely that the statistics will show a greater level of late payments than is actually the case if strictly applying the standard payment terms. Of the 76% invoices due but not paid within agreed terms, 76% were made to other companies within the Willis Towers Watson Group and 24% were made to companies external to the Willis Towers Watson Group. The overdue statistics include invoices that were settled within a few working days of the system due date.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Payment processing is managed by the Accounts Payable function and any supplier queries are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant colleague to ensure satisfactory resolution for both the supplier and the Company.
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?
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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
WILLIS INTERNATIONAL LIMITED is a global insurance brokerage and risk management firm headquartered in London, United Kingdom. The company was founded in 1828 and has since expanded to over 140 countries, making it one of the largest insurance brokers in the world.
The company offers a wide range of products and services including property and casualty insurance, employee benefits, and risk management consulting. They cater to a diverse client base, from individuals and small businesses to large multinational corporations.
WILLIS INTERNATIONAL LIMITED is committed to sustainability and has implemented a sustainability program to minimize their impact on the environment. They have set goals to reduce their carbon footprint, promote diversity and inclusion, and support local communities through various initiatives.
At the helm of the company is the Chief Executive Officer, John Haley, who has been with the company since 2013. Under his leadership, WILLIS INTERNATIONAL LIMITED has continued to grow and expand its global presence.
For any inquiries or assistance, the company can be contacted through their website, www.willis.com, or at their registered office address at 51 Lime Street, London, EC3M 7DQ, United Kingdom. With their strong commitment to sustainability and extensive range of products and services, WILLIS INTERNATIONAL LIMITED remains a leading player in the insurance industry.
