PIB RISK SERVICES LIMITED
Company Information
- Company Number
- 02682789
- Registered Address
- Rossington's Business Park, West Carr Road, Retford, Nottinghamshire, DN22 7SW
- Status
- Active
- Employee Count
- 724
- Turnover
- £81,574,000
- EBITDA
- £32,041,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 January 1992
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services,Safety And Security
- Region
- East Midlands
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 | 29 Jul 2025 | 23 | 82% | 17% | 1% | 40% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 25 | 73% | 27% | 1% | 43% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 21 | 63% | 32% | 5% | 53% |
| 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% |
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
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
Dispute Resolution Process
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.
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.
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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.
❌
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
PIB RISK SERVICES LIMITED is a UK-based company that provides risk management and insurance solutions to businesses and individuals. They offer a wide range of services, including risk assessment, insurance brokering, claims management, and employee benefits.
The company places a strong emphasis on sustainability, both in their own operations and in the services they provide to clients. PIB RISK SERVICES LIMITED has a sustainability program in place that focuses on reducing their environmental impact, promoting ethical business practices, and supporting the local community. They also work with clients to help them understand and manage their own sustainability risks.
One of the key products offered by PIB RISK SERVICES LIMITED is their comprehensive risk assessment service. This involves identifying potential risks and developing strategies to mitigate and manage them effectively. They also offer insurance brokering services, which involve finding the most suitable insurance policies for their clients' needs.
The company is led by a team of experienced and knowledgeable professionals, including CEO Brendan McManus and COO Ryan Brown. They are committed to providing high-quality services to clients and promoting a culture of sustainability within the company.
For more information on PIB RISK SERVICES LIMITED and their services, you can visit their website at www.pib-risk.co.uk. Their registered office address is 70 Gracechurch Street, London, EC3V 0HR.
