| 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 | 40 | 48% | 38% | 14% | 69% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 36 | 79% | 13% | 8% | 36% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 33 | 73% | 19% | 8% | 37% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 37 | 75% | 15% | 10% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 53 | 58% | 17% | 25% | 35% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 34 | 56% | 37% | 7% | 50% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 29 | 51% | 43% | 5% | 53% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 36 | 46% | 45% | 9% | 75% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 37 | 36% | 55% | 9% | 70% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 39 | 27% | 61% | 12% | 80% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 35 | 29% | 71% | 0% | 63% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 37 | 32% | 58% | 10% | 70% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 35 | 39% | 52% | 9% | 82% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 40 | 27% | 64% | 9% | 71% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
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.
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
Paymentshield Limited is a UK-based company that specializes in providing insurance and warranty products for the financial services industry. They offer a range of services including mortgage payment protection, income protection, and home emergency cover.
The company has a strong focus on sustainability and is committed to reducing their environmental impact. They have implemented initiatives such as paperless systems, energy-efficient offices, and recycling programs to minimize their carbon footprint.
Paymentshield's key products include their Mortgage Payment Protection Insurance, which provides cover for individuals who are unable to make their mortgage payments due to illness, accident, or unemployment. They also offer Income Protection Insurance, which provides a replacement income for those who are unable to work due to illness or injury.
The company's sustainability program also extends to their products, with their Home Emergency Cover offering eco-friendly repair options and their Home Contents Insurance providing optional cover for eco-friendly upgrades.
Key people at Paymentshield Limited include CEO Tim Johnson and Chairman Paul Glenn. The company's registered office address is at 1 Drake Circus, Plymouth, Devon, PL4 8AQ. Their website is www.paymentshield.co.uk, where customers can find more information about their products and services and contact details for customer support.
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