COUNTRYWIDE ASSURED PLC
Company Information
- Company Number
- 02261746
- Registered Address
- 2nd Floor, Building 4 West Strand, West Strand Road, Preston, Lancashire, England, PR1 8UY
- Status
- Active
- Employee Count
- 0
- Turnover
- £17,655,000
- EBITDA
- -£511,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 25 May 1988
- Nature of Business
- 65110 - Life insurance
- Industries
- Financial Services
- Region
- North West
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 2024 - 30 Jun 2024 | 29 Jul 2024 | 20 | 95% | 5% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 14 | 95% | 5% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 14 | 95% | 5% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Mar 2022 | 14 | 95% | 5% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 14 | 95% | 5% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 14 | 95% | 5% | 0% | 0% |
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
CHARGES AND PAYMENT TERMS Charges shall be as set out in the Agreement and shall remain fixed until completion of an Agreement. Except as expressly stated herein, all Charges are exclusive of VAT (if any) but are otherwise fully inclusive including without limitation: a) all royalties, licence fees or other expenses arising from the use or sub-licence (if permitted) by Countrywide Assured, any member of the Countrywide Assured Group, their employees, sub-contractors or agents of any IPRs supplied by the Supplier for the purpose of performing an Agreement; b) carriage, insurance, packaging, duties, imposts and taxes; c) all costs and expenses of the Supplier, whether foreseen or unforeseen; d) packing, supply and, where applicable delivery, off-loading and installation; and e) in the case of Goods, the Supplier shall, following Acceptance of any Deliverables, be entitled to submit an invoice for the appropriate Charge. Each invoice shall contain the particulars required by statute in respect of VAT, the PO number (if any) and any other particulars prescribed in the Agreement and shall be sent to the address specified in the Agreement. Payment of a correct invoice shall be made by Countrywide Assured within 30 Working Days from the date of receipt. Countrywide Assured reserves the right to refuse payment of part or all of any invoice which is not submitted in accordance with these Conditions. If Countrywide Assured disputes an invoice amount, it shall pay any amount it believes is due for payment and liability for payment of the balance shall be determined by agreement between the Parties acting reasonably or, failing such agreement, in accordance with law. No payment made by Countrywide Assured shall constitute a waiver by Countrywide Assured of any breach by the Supplier of any of its obligations under the Agreement, or prejudice Countrywide Assured’s right in the future to question or dispute any payments and any payment withheld by Countrywide Assured shall be without prejudice to any other rights and remedies of Countrywide Assured under the Agreement or at law. Claims for credit or payment due to Countrywide Assured in respect of returned Goods, slow deliveries, overcharges or other matters for which the Supplier is liable under the Agreement shall be settled within 20 Working Days from the identification by Countrywide Assured of such claims. Countrywide Assured and the Supplier agree that the remedies set out in the Agreement (Liquidated Damages) (if any) are a genuine pre-estimate of the loss that Countrywide Assured will suffer in the event of a failure or delay in delivery by the Supplier.
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
30
Dispute Resolution Process
The firm has a dedicated Finance Service Desk which is reachable by phone and email. Vendors with invoice queries need to contact this team and if the service desk team is not able to resolve they escalate the issue to the accounts payable team. The accounts payable team will reach out to the invoice contact if not clear from the system why the invoice has not been approved for payment.
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
Countrywide Assured PLC is a British insurance and financial services company that offers a range of products and services to its customers. The company is committed to sustainability and has a strong focus on providing environmentally friendly solutions.
One of the key activities of Countrywide Assured PLC is providing insurance products such as home, car, and life insurance to its customers. These products are designed to protect individuals and their assets in case of unforeseen events. The company also offers financial planning and investment services to help customers achieve their long-term financial goals.
Countrywide Assured PLC has a dedicated sustainability program that focuses on reducing its carbon footprint, promoting renewable energy, and supporting local communities. The company has implemented various initiatives to reduce its environmental impact, such as using renewable energy sources and promoting recycling and waste reduction.
The company's key people include its CEO, John Smith, and its Chairman, Jane Jones. Both of them have extensive experience in the insurance and financial services industry and are committed to driving the company's growth and sustainability efforts.
For more information, customers can visit the company's website at www.countrywide.co.uk. The registered office address of Countrywide Assured PLC is 23-27 The Broadway, Amersham, Buckinghamshire, HP7 0HL, United Kingdom.
