JLT SPECIALTY LIMITED
Company Information
- Company Number
- 01536540
- Registered Address
- 1 Tower Place West, Tower Place, London, United Kingdom, EC3R 5BU
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- -£236,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 December 1980
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2019 - 30 Jun 2019 | 29 Jul 2019 | 11 | 99% | 1% | 0% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 20 | 85% | 14% | 1% | 39% |
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 payment term for payment of invoices is 30 days, although this can vary if a different payment term is agreed with a 3rd party.
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
30
Dispute Resolution Process
The company uses supplier terms as well as our own to define any dispute resolution process so consequently they may differ from contract to contract. The process may involve a number of levels of peer to peer escalation starting with business and relationship managers through to commercial and contract managers and finally senior management executives depending on how quickly resolution is achieved. If disputes cannot be resolved internally then both parties may need to utilise the services of a third party arbitrator. The key to resolving disputes should be that they are raised in a timely manner and if not resolved within the agreed timeframe are escalated to the next level with the view of resolving any disputes quickly and settling invoices as soon as possible.
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.
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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?
❌
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
JLT SPECIALTY LIMITED is a specialist insurance and reinsurance broker, providing risk management solutions to clients across various industries. With a strong focus on sustainability, the company has developed a robust sustainability program that aims to reduce their environmental impact and promote ethical business practices.
Their products and services include risk assessment and management, insurance and reinsurance solutions, and claims handling. They cater to a wide range of industries such as energy, aviation, marine, construction, and financial institutions.
The company is led by a team of experienced professionals, including CEO Dominic Burke and Chairman Neil McConachie. They have a global presence with offices in Europe, Asia, and North America.
JLT SPECIALTY LIMITED is committed to sustainability and has set ambitious targets to reduce their carbon footprint, promote diversity and inclusion, and support local communities. They also offer sustainable insurance options to clients, such as renewable energy coverage and green building insurance.
To learn more about their services and sustainability efforts, interested individuals can visit their website at www.jlt.com. The registered office address for JLT SPECIALTY LIMITED is The St Botolph Building, 138 Houndsditch, London, EC3A 7AW, United Kingdom.
