ESURE SERVICES LIMITED
Company Information
- Company Number
- 02135610
- Registered Address
- The Observatory, Reigate, Surrey, RH2 0SG
- Status
- Active
- Employee Count
- 1652.0
- Turnover
- 307800000.0
- EBITDA
- 21000000.0
Additional Details
- Website
- https://www.esure.com/
- Company Type
- Private limited Company
- Incorporated On
- 29 May 1987
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified$82990 - Other business support service activities not elsewhere classified
- Industries
- Financial Services
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 36 | 75% | 16% | 9% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 29 | 86% | 10% | 4% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 28 | 84% | 11% | 5% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 29 | 83% | 13% | 4% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 29 | 82% | 13% | 5% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 33 | 77% | 16% | 7% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 39 | 59% | 29% | 12% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 35 | 58% | 30% | 12% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 37 | 62% | 28% | 10% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 37 | 64% | 25% | 11% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 36 | 71% | 21% | 8% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 67% | 22% | 11% | 33% |
Company Summary
ESURE SERVICES LIMITED is a UK-based company that offers a variety of insurance products and services
Founded in 2000, the company has established itself as a leading provider of insurance solutions, with a focus on sustainability and responsible business practices
Their sustainability program is an important aspect of their operations, with a commitment to reducing their environmental impact and promoting ethical business practices
This includes implementing energy-efficient measures in their offices and working with suppliers who follow sustainable practices
The company offers a range of insurance products including car, home, travel, and pet insurance
They also provide breakdown cover and offer additional services such as legal assistance and home emergency cover
ESURE SERVICES LIMITED is led by a team of experienced professionals, including CEO David McMillan and CFO Paul Williams
They are dedicated to providing high-quality insurance solutions and ensuring the company's sustainability efforts are upheld
For more information on their products and services, customers can visit their website at www.esure.com
The company's registered office address is The Observatory, Reigate, Surrey, RH2 0SG, United Kingdom
Overall, ESURE SERVICES LIMITED is a reputable company that values sustainability and offers a diverse range of insurance solutions to meet the needs of their customers
Company Review
Trend Analysis
The trend for ESURE SERVICES LIMITED over the past three periods (2018-2023) has been to pay invoices at a faster rate, with the average time to pay decreasing from 38 days in 2018 to 29 days in 2023. This is reflected in the increase in percentage of invoices paid within 30 days, which has risen from 67% in 2018 to 86% in 2023. There has also been a decrease in the percentage of invoices paid later than 60 days, dropping from 11% in 2018 to 4% in 2023.
Volatility Analysis
The volatility for ESURE SERVICES LIMITED has been relatively stable over the past three periods, with the average time to pay fluctuating between 28 and 39 days. However, there has been a slight decrease in volatility in the most recent period (2023), with the average time to pay remaining at 29 days for two consecutive periods.
Summary Analysis
In the past three periods, ESURE SERVICES LIMITED has shown a positive trend towards paying invoices at a faster rate. This is reflected in the increase in percentage of invoices paid within 30 days and the decrease in percentage of invoices paid later than 60 days. The company has also maintained a relatively stable volatility in their payment process.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
esure Services Limited standard payment policy is to pay supplier invoices within 30 days from the date of receipt of the undisputed invoice, unless otherwise agreed with a supplier on a case-by-case basis.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Any invoices in dispute are passed to the appropriate team that requested the goods or services, in order for them to resolve the dispute. The dispute may then be escalated within the business if necessary. Any part of an undisputed invoice will continue to be paid as normal.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
