PREMIUM CREDIT LIMITED
Company Information
- Company Number
- 02015200
- Registered Address
- Ermyn House, Ermyn Way, Leatherhead, England, KT22 8UX
- Status
- Active
- Employee Count
- 397
- Turnover
- £160,337,000
- EBITDA
- £73,497,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 April 1986
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Education,Financial Services,Travel And Transportation
- Region
- South East
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 | 31 Jul 2025 | 24 | 78% | 19% | 3% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 21 | 85% | 15% | 1% | 31% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 22 | 85% | 13% | 3% | 32% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 22 | 86% | 12% | 2% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 23 | 86% | 11% | 3% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Jan 2021 | 23 | 85% | 12% | 3% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 23 | 83% | 13% | 4% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 24 | 89% | 8% | 3% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 23 | 84% | 13% | 3% | 41% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 24 | 93% | 5% | 2% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 22 | 86% | 12% | 3% | 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
Premium Credit Limited agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the company policy is to pay within 30 days from date of invoice. The most frequently agreed term with suppliers is 30 days from date of invoice.
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
45
Dispute Resolution Process
Premium Credit Limited and the supplier will first attempt to resolve any dispute by referring it for formal discussion between Premium Credit Limited authorised representative and the supplier (both acting reasonably and in good faith). If Premium Credit Limited authorised representative and the supplier are for any reason unable to resolve the dispute then legal advice is sought by Premium Credit Limited.
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
PREMIUM CREDIT LIMITED is a UK-based financial services company that provides premium finance solutions to individuals and businesses. The company was founded in 1988 and is currently headquartered in Epsom, Surrey.
The main focus of PREMIUM CREDIT LIMITED is to offer a range of financing options for insurance premiums, allowing customers to spread the cost of their insurance over a set period of time. This enables individuals and businesses to manage their cash flow more effectively and avoid large upfront payments.
In addition to their financial services, PREMIUM CREDIT LIMITED also has a strong emphasis on sustainability. The company has implemented various initiatives to reduce their environmental impact, including using renewable energy sources and promoting paperless transactions.
Some of the key people at PREMIUM CREDIT LIMITED include Chief Executive Officer Tom Woolgrove and Chairman Sir Robert Burgess. The company has a team of experienced professionals who are dedicated to providing excellent customer service.
To contact PREMIUM CREDIT LIMITED, individuals can visit their website at https://www.premiumcredit.com/ or call their customer service helpline at 0344 736 9836. The company's registered office address is Premium Credit House, 60 East Street, Epsom, Surrey, KT17 1HB.
In conclusion, PREMIUM CREDIT LIMITED is a leading provider of premium finance solutions in the UK, with a strong focus on sustainability. Their range of services and commitment to customer satisfaction make them a trusted choice for individuals and businesses alike.
