Score of 93.6/100 qualifies for PaymentCheck Certification
CLEGG GIFFORD & CO LIMITED demonstrates a strong payment performance with an average settlement time of 19 days, well within standard 30-day terms. The concentration of 90% of payments within 30 days indicates a consistently prompt payment culture, with only a small fraction of transactions extending into the 31–60 day bracket (8%) or beyond 60 days (2%). This distribution suggests a stable and disciplined payment pattern with no significant signs of deterioration.
The late payment rate of just 3% reflects a highly predictable payment profile, posing minimal cash flow risk to suppliers. The tight clustering of payments around the 19-day average indicates low volatility, meaning suppliers can forecast receivables with a high degree of confidence. The marginal 2% of payments exceeding 60 days represents an isolated risk rather than a systemic behavioural pattern.
Overall, CLEGG GIFFORD & CO LIMITED presents a low-risk payment profile and can be considered a reliable trading partner for suppliers operating on standard credit terms. The combination of a 19-day average, 90% on-time rate, and minimal late payments supports extending credit with confidence. As a precautionary measure, suppliers may wish to monitor the small proportion of overdue accounts and maintain standard invoice-chasing protocols for any balances approaching the 30-day threshold.
| 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 2024 - 31 Dec 2024 | 31 Jan 2025 | 19 | 90% | 8% | 2% | 3% |
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
No additional information
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.
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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
Clegg Gifford & Co Limited is a private limited company based in London. The name and structure of the business is consistent with that of an insurance broking or underwriting organisation, operating within the financial and professional services sector.
The company is registered in England and Wales under company number 02838391, with its registered office located at 128 Minories, London, EC3N 1NT. Clegg Gifford & Co Limited was incorporated on 22 July 1993 and remains an active company, reflecting a longstanding presence in the London market.
The Minories address places the company within close proximity to the Lloyd's of London insurance market, which is a recognised hub for specialist insurance and risk management services in the United Kingdom. Firms operating in this area of London typically provide a range of services including insurance broking, underwriting, and risk advisory support to both commercial and corporate clients.
With over three decades of operation as an active entity, Clegg Gifford & Co Limited represents an established business within the London financial district, serving clients across a broad range of insurance and risk-related disciplines.