Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 82.1/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 22 Jan 2026 | 22 | 84% | 13% | 3% | 33% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 24 | 78% | 19% | 3% | 35% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 23 | 79% | 18% | 3% | 37% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2025 | 24 | 78% | 19% | 3% | 35% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 22 | 83% | 16% | 1% | 33% |
| 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 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 22 | 87% | 10% | 3% | 28% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Premium Credit Limited is a UK finance company incorporated in 1986, originally registered as Beamship Limited before adopting its current name in 1988. Its registered nature of business is classified as credit granting by non-deposit taking finance houses and other specialist consumer credit grantors. Company records associate its activities with sectors including insurance, hospitality (hotels and short-term accommodation), and schools, indicating it provides premium finance or credit facilities to businesses and organisations in these areas. The company remains active, with its registered office in Leatherhead, England. No further detail on specific products, services or trading brand is confirmed by the available evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk