WILLIS GROUP SERVICES LIMITED
Company Information
- Company Number
- 01451456
- Registered Address
- 51 Lime Street, London, EC3M 7DQ
- Status
- Active
- Employee Count
- 2
- Turnover
- £310,000,000
- EBITDA
- £43,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 October 1979
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- London
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 47 | 20% | 68% | 12% | 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 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 50 | 23% | 67% | 10% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 45 | 21% | 73% | 6% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 49 | 12% | 79% | 9% | 45% |
| 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% |
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 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 46% of invoices due but not paid within agreed terms, 99.96% were made to companies external to the Willis Towers Watson Group and 0.04% to companies within the Willis Towers Watson Group.
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.
❌
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
Willis Group Services Limited is a multinational insurance broking and risk management company based in London, United Kingdom. The company is a subsidiary of Willis Towers Watson, a leading global advisory, broking, and solutions company.
The primary activities of Willis Group Services Limited include providing insurance and risk management services to businesses and individuals. Their services range from property and casualty insurance to employee benefits and retirement consulting. They also offer specialized services such as cyber risk management and renewable energy insurance.
Willis Group Services Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program in place, which focuses on reducing their carbon footprint, promoting diversity and inclusion, and supporting community initiatives.
The company's key people include Chief Executive Officer, Nicolas Aubert, and Chief Operating Officer, Graham Knight. They have a team of experienced and highly skilled professionals who are dedicated to providing quality services to their clients.
One can contact Willis Group Services Limited through their website, which is www.willisgroup.com. Their registered office address is 51 Lime Street, London, EC3M 7DQ, United Kingdom.
In summary, Willis Group Services Limited is a leading insurance broking and risk management company with a strong commitment to sustainability. They offer a wide range of services and have a team of experienced professionals. Their website and registered office address are easily accessible for anyone looking to contact them.
