MARKERSTUDY INSURANCE SERVICES LIMITED

Company Information

Company Number
02135730
Registered Address
45 Westerham Road, Bessels Green, Sevenoaks, Kent, England, TN13 2QB
Status
Active
Employee Count
1477.0
Turnover
90157000.0
EBITDA
-5941000.0

Additional Details

Company Type
Private limited Company
Incorporated On
29 May 1987
Nature of Business
65120 - Non-life insurance$66220 - Activities of insurance agents and brokers
Industries
Financial Services,Travel And Transportation
Region
South East

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£2,844,000.00
Net Worth
£17,969,000.00
Total Current Assets
£361,475,000.00
Total Current Liabilities
£340,518,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
31 days
Shortest Period:0 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
63%
31-60 Days
26%
After 60 Days
12%
Not Paid Within Terms23%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022020406080

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022020406080

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20243163%26%12%23%
01 Jan 2023 - 30 Jun 202309 Jan 20244150%31%19%5%
01 Jul 2022 - 31 Dec 202209 Jan 20247323%35%42%6%

Company Summary

MARKERSTUDY INSURANCE SERVICES LIMITED is a UK-based insurance company that offers a wide range of insurance products and services to its customers

The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote responsible business practices

The company offers a variety of insurance products, including motor, home, pet, travel, and commercial insurance

They also provide bespoke insurance solutions for niche markets such as taxi, courier, and public liability insurance

Their products are designed to meet the specific needs of their customers and are backed by excellent customer service

At MARKERSTUDY INSURANCE SERVICES LIMITED, sustainability is at the core of their operations

The company has implemented various measures to reduce their carbon footprint, such as using renewable energy sources, promoting paperless policies, and recycling waste materials

They are also committed to supporting local communities and have partnered with various charitable organizations

The key people at MARKERSTUDY INSURANCE SERVICES LIMITED include CEO Kevin Spencer and COO Gary Humphreys, who have a wealth of experience in the insurance industry

They lead a team of dedicated professionals who are committed to providing excellent insurance products and services to their customers

The company's website (www.markerstudy.com) provides comprehensive information about their products and services, as well as their sustainability initiatives

Customers can contact them through their online contact form or by calling their customer service hotline

Their registered office address is Markerstudy House, 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB, UK

Overall, MARKERSTUDY INSURANCE SERVICES LIMITED is a reputable insurance company that offers sustainable insurance solutions to its customers

With a strong focus on sustainability and a team of experienced professionals, the company is well-equipped to meet the insurance needs of its customers while promoting responsible business practices

Company Review

Trend Analysis

The average time taken for MARKERSTUDY INSURANCE SERVICES LIMITED to pay invoices has significantly decreased from 73 days to 31 days over the past three periods. This shows an improvement in their payment efficiency.

Volatility Analysis

The volatility in the company's average time to pay has also decreased over the past three periods, indicating a more stable payment process.

Summary Analysis

MARKERSTUDY INSURANCE SERVICES LIMITED has shown consistent improvement in their payment process over the past three periods. The percentage of invoices paid within 30 days has increased from 23% to 63%, while the percentage of invoices paid later than 60 days has decreased from 42% to 12%. This shows a significant improvement in their ability to pay invoices on time.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

standard 30 days

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

45

Dispute Resolution Process

Our purchase ledger team is responsible for identifying and resolving any disputes which may arise between MISL and our suppliers. If a supplier has a dispute or a complaint, then in the first instance they are to contact the Purchase Ledger team shared inbox for that entity.

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

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