Score of 87.4/100 qualifies for PaymentCheck Certification
HOWDEN UK BROKERS LIMITED demonstrates a relatively prompt average payment time of 20 days, with the majority of payments (83%) settled within the standard 30-day window. However, 15% of payments fall into the 31-60 day bracket and 2% exceed 60 days, indicating a portion of invoices experience meaningful delays beyond agreed terms. The concentration of payments in the sub-30-day band suggests an overall tendency toward timely settlement, though the tail of slower payments warrants attention.
The late payment rate of 29% is a notable concern and sits in significant tension with the 20-day average, suggesting that while many invoices are paid quickly, a substantial minority are paid outside agreed terms, creating cash flow unpredictability for suppliers. This divergence between average payment speed and late payment frequency points to inconsistent payment behaviour, possibly driven by invoice approval bottlenecks or disputed items on a recurring basis. Suppliers should factor this variability into their credit terms and cash flow planning rather than relying solely on the favourable average.
HOWDEN UK BROKERS LIMITED presents a moderate payment risk profile: the 20-day average and strong 30-day payment rate are positive indicators, but the 29% late payment rate represents a meaningful reliability gap that suppliers should not overlook. New suppliers are advised to implement clear invoice submission procedures and establish agreed payment terms in writing to reduce the risk of delays. Monitoring payment performance on a per-invoice basis and applying modest credit limits initially would be a prudent risk mitigation approach until a consistent payment track record is established.
| 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 Oct 2025 - 31 Mar 2026 | 06 May 2026 | 20 | 83% | 15% | 2% | 29% |
| 01 Oct 2024 - 31 Mar 2025 | 12 Jun 2025 | 22 | 88% | 10% | 2% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms agreed with suppliers as part of contract negotiations. The most commonly used term is 30 days.
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
If at any time a question or dispute arises between the company and its suppliers, the query is raised promptly with the supplier with the aim to resolve the issue quickly and effectively whilst maintaining a good working relationship.
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
HOWDEN UK BROKERS LIMITED is an insurance broking company operating within the United Kingdom market. As a private limited company, it forms part of the Howden Group, one of the prominent names in insurance broking and risk management services.
The company is registered in England and Wales under company number 02831010 and maintains its registered office at One, Creechurch Place, London, EC3A 5AF. Incorporated on 28 June 1993, the business has established a longstanding presence in the London insurance market, a globally recognised hub for specialist insurance and reinsurance activity.
As an insurance broker, HOWDEN UK BROKERS LIMITED acts as an intermediary between clients and insurers, sourcing and arranging appropriate insurance cover on behalf of individuals and businesses. The firm operates within a sector that encompasses a broad range of products, including commercial insurance, professional indemnity, liability cover, and specialist risk solutions tailored to the needs of corporate clients across various industries.
London's EC3A postcode, commonly associated with the Lloyd's of London insurance district, places the company at the heart of the UK's specialist insurance marketplace. This central location reflects the company's position within a sector that demands close proximity to underwriters, syndicates, and other market participants.