CHARLES TAYLOR ADJUSTING LIMITED
Company Information
- Company Number
- 01994696
- Registered Address
- 2 Minster Court, Mincing Lane, London, United Kingdom, EC3R 7BB
- Status
- Active
- Employee Count
- 175
- Turnover
- £33,616,000
- EBITDA
- -£10,824,000
Additional Details
- Website
- https://charlestayloradj.com
- Company Type
- Private limited Company
- Incorporated On
- 3 March 1986
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for CHARLES TAYLOR ADJUSTING LIMITED has fluctuated over the past three periods, with a decrease in 2020 followed by an increase in 2021. However, the trend seems to be going back down in 2022 and 2023.
Volatility Analysis
The volatility of the average time to pay for CHARLES TAYLOR ADJUSTING LIMITED has been quite high, with a significant decrease in 2020 and a sharp increase in 2021. This indicates that the company's payment practices have been inconsistent and may require more attention.
Summary Analysis
In the past three periods, CHARLES TAYLOR ADJUSTING LIMITED has seen a decrease in their average time to pay from 47 days in 2019 to 23 days in 2021. This was mainly due to an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
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 2023 - 30 Jun 2023 | 15 Aug 2023 | 75 | 2% | 46% | 52% | 97% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 52 | 60% | 15% | 25% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Feb 2023 | 51 | 58% | 18% | 24% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 23 | 82% | 9% | 9% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 23 | 82% | 9% | 9% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 37 | 71% | 12% | 17% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 56 | 62% | 25% | 13% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Sept 2019 | 47 | 57% | 18% | 25% | 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
45 days from the invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Due to the nature of the business the statistics exclude invoices that are paid on “pay-when-paid” basis
Maximum contractual payment period agreed
60
Dispute Resolution Process
The dispute will be managed by the relevant budget holder. Legal advice/action would be obtained if necessary
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
Charles Taylor Adjusting Limited is a leading international loss adjusting company that provides a wide range of services to the insurance industry. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact, such as using renewable energy sources and promoting recycling.
Their core services include handling insurance claims, risk management, and providing expert advice on complex insurance issues. They are also known for their innovative technology solutions that help streamline the claims process and improve efficiency.
Key people at Charles Taylor Adjusting Limited include CEO David Marock, who has extensive experience in the insurance industry, and Chairman Edward Creasy, who has a background in law. The company also has a team of highly qualified and experienced adjusters who are dedicated to delivering high-quality services to their clients.
For more information on their services and sustainability program, interested parties can visit their website at www.ctplc.com. The registered office address for Charles Taylor Adjusting Limited is 1 Undershaft, London EC3P 3DQ, United Kingdom. Overall, Charles Taylor Adjusting Limited is a reputable company that is committed to delivering sustainable and efficient services to their clients in the insurance industry.
