| 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 2025 - 31 Dec 2025 | 29 Jan 2026 | 50 | 18% | 74% | 8% | 36% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 47 | 20% | 68% | 12% | 41% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 48 | 18% | 72% | 10% | 41% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 57 | 16% | 68% | 16% | 46% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 46 | 20% | 70% | 10% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 47 | 20% | 72% | 8% | 37% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 46 | 17% | 74% | 9% | 37% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 50 | 23% | 67% | 10% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 47 | 21% | 72% | 7% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 45 | 21% | 73% | 6% | 36% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 55 | 18% | 72% | 10% | 35% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 49 | 12% | 79% | 9% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 46 | 26% | 64% | 10% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 45 | 36% | 56% | 8% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 54 | 26% | 49% | 25% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard contractual payment terms for all qualifying contracts are no later than 60 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 36% of invoices due but not paid within agreed terms, 99.1% were made to companies external to the Willis Towers Watson Group. There are no formal disputes with suppliers regarding late payments.
Maximum contractual payment period agreed
60
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.
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
Willis Group Services Limited is a shared-services company registered in London, part of the Willis Faber group structure connected to the Willis Towers Watson group. Its stated business activity is other business support service activities not elsewhere classified, consistent with providing centralised administrative and support functions to group companies. The company has traded under several previous names, including Willis Corroon Group Services Limited, Willis Faber Management Services Limited and Willis Faber (Finance and Administration) Limited, before adopting its current name in 2000. It remains active, controlled by Willis Faber Limited since 2016, and holds several leasehold property titles in Greater London. No further detail on specific services delivered is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk