Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 99.4/100 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 2023 - 31 Dec 2023 | 21 Aug 2024 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Aug 2024 | 12 | 99% | 1% | 0% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 21 Aug 2024 | 9 | 99% | 1% | 0% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Aug 2024 | 9 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 25 May 2022 | 8 | 98% | 2% | 0% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jun 2022 | 5 | 98% | 2% | 0% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 6 | 99% | 1% | 0% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Usually 30 days but varies between 1 and 30 days.
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
Any payment dispute will be dealt with by a member of the finance team, usually the financial controller or finance associate and a response will be issued within 7 days.
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
Sabre Insurance Company Limited is a UK insurer authorised and regulated by the Financial Conduct Authority and Prudential Regulation Authority, underwriting motor insurance through intermediaries since 1982. It trades as Insure 2 Drive, an online brand launched in November 2010 offering internet-only private car insurance, later expanded in 2018 to include van insurance. Through this trading name it provides comprehensive car and van cover, including personal accident cover, windscreen cover, uninsured driver protection and a courtesy car, quoting for most cars and vans including modified and high value vehicles across the UK and Northern Ireland. Customer service is handled online, by email and SMS, with claims management and policy administration provided directly to policyholders.
Generated from the company's website and Companies House records. Sources: drivesmartinsurance.co.uk · drivesmartinsurance.co.uk