HSB ENGINEERING INSURANCE LIMITED
Company Information
- Company Number
- 02396114
- Registered Address
- Chancery Place, 50 Brown Street, Manchester, England, M2 2JT
- Status
- Active
- Employee Count
- 249
- Turnover
- £76,600,000
- EBITDA
- -£18,467,000
Additional Details
- Website
- https://hsbeil.com
- Company Type
- Private limited Company
- Incorporated On
- 16 June 1989
- Nature of Business
- 65120 - Non-life insurance65202 - Non-life reinsurance
- 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 2025 - 30 Jun 2025 | 21 Jul 2025 | 33 | 64% | 21% | 15% | 36% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jul 2025 | 56 | 40% | 32% | 28% | 60% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 35 | 55% | 38% | 7% | 45% |
| 01 Jul 2023 - 31 Dec 2023 | 08 Jan 2024 | 16 | 90% | 10% | 0% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 19 | 85% | 15% | 0% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 23 | 85% | 12% | 3% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 21 | 86% | 7% | 7% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 25 | 72% | 18% | 10% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Mar 2021 | 31 | 77% | 12% | 11% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 37 | 73% | 14% | 13% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 22 | 87% | 8% | 5% | 13% |
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
Our standard contractual length is 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
60
Dispute Resolution Process
Disputes are dealt with on a case by case basis between supplier and the business owners responsible for receiving the supplies. If unresolved at this level disputes can be further escalated through the payables function manager and ultimately Finance Director.
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
HSB ENGINEERING INSURANCE LIMITED is a leading provider of engineering insurance solutions in the United Kingdom. The company offers a range of products and services tailored to meet the specific needs of businesses in the engineering industry. With a strong focus on sustainability, HSB Engineering Insurance Limited is committed to promoting responsible business practices and protecting the environment.
The company's sustainability program includes initiatives to reduce their carbon footprint, promote energy efficiency, and support biodiversity conservation. They also work closely with their clients to help them manage their own environmental impacts and ensure sustainable operations.
HSB Engineering Insurance Limited offers a wide range of insurance products, including machinery breakdown, construction, and renewable energy insurance. Their comprehensive coverage and risk management solutions are designed to protect businesses from potential financial losses due to equipment breakdown, property damage, and other risks.
The company is led by a team of experienced professionals, including CEO Martin McLachlan and Chairman Clive Selly. They are committed to delivering high-quality services and driving the company's growth and success.
For more information on HSB Engineering Insurance Limited, their products and services, and their sustainability program, visit their website at www.hsbengineeringinsurance.co.uk. Their registered office address is located at 1 Aldgate, London EC3N 1RE, United Kingdom.
