Industry ranking
Score of 96.2/100 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 14 | 94% | 4% | 2% | 6% |
| 01 Jul 2024 - 31 Jul 2024 | 28 Jan 2025 | 16 | 94% | 4% | 2% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 14 | 93% | 6% | 1% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 13 | 94% | 5% | 1% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 13 | 93% | 6% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 15 | 91% | 7% | 2% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 20 | 87% | 8% | 5% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 16 | 91% | 7% | 2% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 18 | 88% | 8% | 4% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 89% | 8% | 3% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 26 | 78% | 19% | 3% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | 23 | 67% | 20% | 12% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 23 | 89% | 8% | 3% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Hiscox standard payment terms are 30 days from receipt of the invoice
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
Disputes notified to the Accounts Payable team at AccountsPayable@Hiscox.com are prioritised and investigated within 14 working days. When a dispute is received, the vendor is contacted, and the relevant invoices and amounts are reconciled by reviewing updated statements of account vs invoices received and processed in our system any discrepancies are analysed with the corresponding internal contact and resolved with the vendor. Where relevant, disputes can be escalated or notified to the Group Financial Controller. A record of all disputes and their resolution are maintained for future reference. No disputes for H1 2025.
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
Hiscox Syndicates Limited is a private limited company registered in London, active in the non-life insurance sector. Companies House records classify its business under SIC code 65120, non-life insurance. LEI registration data confirms it is a subsidiary within the Hiscox group, with Hiscox Ltd recorded as its direct and ultimate parent. The company's own filings do not describe specific products beyond this classification, but its name and structure indicate it operates as the entity managing underwriting syndicates on behalf of the wider Hiscox insurance group. It is registered at 22 Bishopsgate, London, and remains an active company, having been incorporated in March 1991 under a different original name before adopting its current one.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · lei-lookup.com