ACORN INSURANCE AND FINANCIAL SERVICES LIMITED
Company Information
- Company Number
- 01636368
- Registered Address
- 98 Liverpool Road Formby, Liverpool, Merseyside, L37 6BS
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 May 1982
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
ACORN INSURANCE AND FINANCIAL SERVICES LIMITED demonstrates a strong trend of timely payments, with an average payment time of just 17 days. A significant 86% of invoices are settled within 30 days, indicating consistent adherence to payment terms for the vast majority of transactions. The low late payment rate of 6% further reinforces a positive trajectory in overall payment performance.
Volatility Analysis
While generally reliable, there is a minor degree of payment volatility as 12% of invoices extend into the 31-60 day window, and a small 2% exceed 60 days. This indicates a very low but present risk of occasional extended payment terms that suppliers should note. Overall, predictability is high for the majority of payments, with only a small fraction experiencing significant deviation from prompt settlement.
Summary Analysis
ACORN INSURANCE AND FINANCIAL SERVICES LIMITED is a highly reliable payer, making them a favorable partner for suppliers seeking predictable cash flow. Suppliers can generally expect prompt payment, though a very small percentage of invoices may experience slightly extended terms. For high-value transactions, consider flexible credit terms to account for the minor possibility of a 30-60 day payment window for a small subset of invoices.
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 | 24 Jul 2025 | 17 | 86% | 12% | 2% | 6% |
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
Acorn's standard payment terms are 30 days from date of receipt of a valid invoice, unless a different contractual payment period has been agreed in advance.
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
60
Dispute Resolution Process
In the first instance, suppliers who have a query regarding an invoice should speak with their business contact who can liaise with the Accounts Payable team. Alternatively, suppliers can contact the accounts payable team directly at accountspayable@acorninsure.com. We aim to respond to all payment queries sent to the AP mailbox within 24 hours. If there is a dispute with goods or services received, this should be resolved directly between the relevant buyer within the business and the supplier.
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
ACORN INSURANCE AND FINANCIAL SERVICES LIMITED is an active private limited company operating within the UK insurance and financial services sector.
The company, incorporated on 18 May 1982, is registered under company number 01636368. Its registered office is situated at 98 Liverpool Road Formby, Liverpool, Merseyside, L37 6BS.
Private limited companies in the insurance and financial services sector typically provide a broad spectrum of offerings. These commonly include various forms of insurance, such as motor, home, or life cover, alongside financial advice and solutions related to investments, pensions, and mortgages.
