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
- Website
- https://markerstudy.com/
- 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
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 | 31 | 63% | 26% | 12% | 23% |
01 Jan 2023 - 30 Jun 2023 | 09 Jan 2024 | 41 | 50% | 31% | 19% | 5% |
01 Jul 2022 - 31 Dec 2022 | 09 Jan 2024 | 73 | 23% | 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.
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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