Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2025 - 31 Dec 2025 | 28 Jan 2026 | 25 | 73% | 27% | 0% | 51% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 23 | 82% | 17% | 1% | 40% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 25 | 71% | 28% | 1% | 43% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 25 | 73% | 27% | 1% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 27 | 63% | 36% | 1% | 53% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 13 | 69% | 31% | 0% | 48% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 21 | 63% | 32% | 5% | 53% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 29 | 48% | 46% | 6% | 67% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 25 | 70% | 28% | 2% | 44% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Nov 2021 | 20 | 85% | 15% | 1% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Nov 2021 | 24 | 71% | 27% | 2% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Where possible, PIB Risk Services Ltd always look to adhere to any payment terms specified on supplier's invoices. When invoices do not specify, we apply our standard terms which are 30 days from the date the invoice was received.
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
Invoices are processed onto the general ledger system, these are then sent for approval using a workflow. If an invoice is queried, it is rejected by the approver with the reason for rejection. The supplier is then contacted by the AP team or by the approver and then once corrected it is re-submitted for approval.
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
PIB Risk Services Limited is the registered entity trading as PIB Insurance Brokers, formerly known as Cooke and Mason, which changed its name from 1st October. It operates as a UK-wide insurance broker, arranging business insurance, private client cover, employee benefits and risk management services across sectors ranging from agriculture and construction to healthcare and hospitality. It is authorised and regulated by the Financial Conduct Authority and forms part of PIB Group, a wider insurance broking group formed in 2015. The company operates through a network of local UK branches offering sector-specific expertise, and provides advice, claims support and risk management services rather than underwriting insurance itself.
Generated from the company's website and Companies House records. Sources: cookeandmason.com · cookeandmason.com · cookeandmason.com