CAPITA INSURANCE SERVICES LIMITED
Company Information
- Company Number
- 01396443
- Registered Address
- 65 Gresham Street, London, England, EC2V 7NQ
- Status
- Active
- Employee Count
- 18.0
- Turnover
- 1190000.0
- EBITDA
- -294000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 October 1978
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Financial Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 7 | 95% | 5% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 21 | 98% | 2% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 14 | 98% | 2% | 1% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 10 | 98% | 2% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 8 | 97% | 3% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 6 | 98% | 1% | 1% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 6 | 97% | 2% | 1% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Jul 2020 | 9 | 96% | 2% | 2% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 24 | 70% | 28% | 2% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 28 | 75% | 23% | 1% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 52 | 73% | 21% | 6% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 38 | 67% | 20% | 13% | 35% |
Company Summary
CAPITA INSURANCE SERVICES LIMITED is a leading provider of insurance services in the UK
The company offers a wide range of products and services to its customers, including insurance brokerage, claims management, and risk management solutions
In addition to its core business activities, CAPITA INSURANCE SERVICES LIMITED is committed to sustainability and has implemented several initiatives to reduce its environmental impact
This includes using sustainable materials in its operations, promoting recycling and reducing energy consumption
The company's sustainability program also extends to its products and services, with a focus on offering eco-friendly insurance options to its clients
This includes policies that cover renewable energy projects, green buildings, and sustainable transport
CAPITA INSURANCE SERVICES LIMITED is led by a team of experienced professionals, including CEO Jonathan Lewis and CFO Patrick Butcher
The company has a dedicated customer service team that can be reached through its website or registered office address at 71 Victoria Street, London, SW1H 0XA
The company's website (www.capita.com/insurance) provides detailed information about its products and services, as well as updates on its sustainability efforts
Overall, CAPITA INSURANCE SERVICES LIMITED is committed to providing high-quality insurance solutions while also being a responsible and sustainable business
Company Review
Trend Analysis
The trend for CAPITA INSURANCE SERVICES LIMITED shows a significant improvement in their average time to pay invoices, with a steady decrease over the past five periods. Additionally, their percentage of invoices paid within 30 days has consistently increased, while the percentage of invoices paid later than 60 days has consistently decreased.
Volatility Analysis
The volatility for CAPITA INSURANCE SERVICES LIMITED is relatively low, with small fluctuations in their average time to pay and invoice payment percentages over the past five periods.
Summary Analysis
Looking at the past three periods (2021-2023), there has been a steady improvement in CAPITA INSURANCE SERVICES LIMITED's payment practices. Their average time to pay has decreased from 21 days in 2023 to 7 days in 2023, a 66.7% decrease. Their percentage of invoices paid within 30 days has consistently been high, with a peak of 98% in 2023. In 2023, their percentage of invoices paid later than 60 days reached its lowest point at 0%, showing a significant improvement in timely payments.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
7 Days individuals, 14 Days Micro Business, 30 Days SME, 60 Days Large Corporate
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
60
Dispute Resolution Process
The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised.
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
