CAROLE NASH INSURANCE CONSULTANTS LIMITED

PaymentCheck Score 2022
73Fair
2.7vs last year
#2375 in UK
#353 in Financial Services
#171 in North West

Company Information

Company Number
02600841
Registered Address
Embankment West Tower, 101 Cathedral Approach, Salford, United Kingdom, M3 7FB
Status
Active
Employee Count
140
Turnover
£24,147,000
EBITDA
£527,000

Additional Details

Company Type
Private limited Company
Incorporated On
12 April 1991
Nature of Business
65120 - Non-life insurance
Industries
Financial Services, Road Travel
Region
North West

Time to Pay

Average Time to Pay
33 days
Shortest Period:14 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
71%
31-60 Days
19%
After 60 Days
10%
Not Paid Within Terms37%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-07-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202226 Jul 20223371%19%10%37%
01 Jul 2021 - 31 Dec 202128 Jan 20223379%14%7%32%
01 Jan 2021 - 30 Jun 202130 Jul 20213574%19%7%27%
01 Jul 2020 - 31 Dec 202029 Jan 20213876%17%7%27%
01 Jan 2020 - 30 Jun 202030 Jul 20202082%14%4%18%
31 Jul 2019 - 31 Dec 201928 Jan 20203060%35%5%40%
01 Jan 2019 - 30 Jun 201916 Jul 20193165%28%7%35%
01 Jul 2018 - 31 Dec 201829 Jan 20192869%26%5%30%

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

30 days from date of invoice

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

30

Dispute Resolution Process

Suppliers are contacted to notify them if there is an issue with the invoice, service or goods. The business representative who ordered the goods/services from the supplier then works to resolve any issue with their contact at the supplier. The supplier can also contact the finance team regarding payment. Disputes will be escalated up the management chain if not satisfactorily resolved.

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

Carole Nash Insurance Consultants Limited is a leading insurance company based in the United Kingdom. The company offers a wide range of insurance products and services, including motorcycle, classic car, and travel insurance. Their sustainability program focuses on reducing their environmental impact through various initiatives, such as promoting recycling and reducing energy consumption.

The company was founded in 1985 by Carole Nash, a well-known figure in the insurance industry. She has been the driving force behind the company's success and has established a strong reputation for providing high-quality insurance products and excellent customer service.

One of the key products offered by Carole Nash Insurance Consultants Limited is motorcycle insurance. They provide coverage for all types of motorcycles, including classic, vintage, and modern bikes. Their policies also include cover for accessories and personal belongings, as well as breakdown assistance.

In addition to motorcycle insurance, Carole Nash also offers insurance for classic cars. They understand the unique needs of classic car owners and provide tailored policies to protect these valuable assets. Their policies cover accidental damage, theft, and breakdown assistance.

As part of their sustainability efforts, Carole Nash also offers a green insurance policy for customers with electric or hybrid vehicles. This policy provides cover for accidents, theft, and damage to charging cables and stations.

The company's website, www.carolenash.com, is a comprehensive source of information for potential and existing customers. It provides details about their products and services, as well as helpful resources such as insurance guides and FAQs. Customers can also access their policy documents and make payments through the website.

The registered office address for Carole Nash Insurance Consultants Limited is Trafalgar House, 110 Manchester Road, Altrincham, Cheshire, WA14 1NU. Customers can also contact them via phone at 0800 458 2734 or via email at info@carolenash.com.

In conclusion, Carole Nash Insurance Consultants Limited is a reputable insurance company in the UK that offers a range of insurance products and services, with a focus on sustainability. With their experienced founder and dedicated team, the company continues to provide reliable and quality insurance solutions for their customers.

Financial Metrics

Cash
£5,656,000
Net Worth
£40,158,000
Total Current Assets
£52,740,000
Total Current Liabilities
£24,415,000

Company Location