The data for ALLIANZ (UK) LIMITED shows an increasing trend in the average time taken to pay invoices over the three periods. In the first period (Jul 2021), the average time to pay was not available, indicating that the company may have recently started their operations. In the second period (Jan 2022 - Jun 2022), the average time to pay was 0 days, indicating that all invoices were paid within the agreed terms. However, in the third period (Jul 2022 - Dec 2022), the average time to pay increased to 15 days, and in the fourth period (Jan 2023 - Jun 2023), it further increased to 20 days. This indicates that the company may be facing challenges in managing their cash flow, resulting in longer payment times.
The data for ALLIANZ (UK) LIMITED shows a relatively stable trend in the percentage of invoices paid within 30 days, with a slight decrease from 100% in the second period to 95.8% in the fourth period. However, there is a significant increase in the percentage of invoices paid between 31 and 60 days, from 0% in the second period to 75.4% in the fourth period. This indicates that there has been a significant shift in the company's payment behavior, with more invoices being paid later than 30 days but within 60 days. There is also a sharp increase in the percentage of invoices paid later than 60 days, from 0% in the second period to 20.8% in the fourth period. This could be a cause for concern, as it may indicate a potential delay in payments to suppliers.
Based on the data, there has been a significant increase in the average time taken to pay invoices for ALLIANZ (UK) LIMITED over the three periods. This is reflected in the increase in the percentage of invoices paid between 31 and 60 days, as well as the percentage of invoices paid later than 60 days. However, the company still maintains a high percentage of invoices paid within 30 days, indicating that they are making efforts to pay their suppliers on time. The shortest (or only) standard payment period for ALLIANZ (UK) LIMITED is not available, as the data for the first period does not include this information.
| 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 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | |||||
| 01 Jul 2021 - 31 Jul 2021 | 27 Jan 2022 |
Allianz UK Limited is registered as a financial services holding company, with its SIC code classifying it under activities of financial services holding companies. This indicates the entity functions as a holding company within a wider insurance group rather than trading directly with customers itself. No further descriptive evidence about specific operations, products or services was available to confirm additional details beyond this classification. The company was incorporated in February 1986 and remains active on the Companies House register.
Generated from the company's website and Companies House records.