Industry ranking
| 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 | 29 Jan 2026 | 35 | 77% | 12% | 11% | 31% |
| 01 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 37 | 70% | 17% | 13% | 39% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 46 | 63% | 20% | 17% | 48% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 41 | 62% | 24% | 14% | 46% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 46 | 61% | 22% | 17% | 54% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 25 | 84% | 9% | 7% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 24 | 84% | 10% | 6% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 11 Feb 2022 | 24 | 82% | 11% | 7% | 28% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 30 | 78% | 13% | 9% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 33 | 72% | 18% | 10% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 32 | 74% | 15% | 10% | 43% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 29 | 80% | 15% | 5% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 34 | 69% | 25% | 6% | 47% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 33 | 70% | 24% | 7% | 46% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 65% | 26% | 9% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days after 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
60
Any disputes should first be referred to purchaseledger@coveainsurance.co.uk, then to procurement or business area as appropriate. If invoice in dispute, procurement note the date and clock is stopped on payment terms until 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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Covéa Insurance Services Limited is the UK subsidiary of Covéa Group, a European insurance and reinsurance group. It provides home, motor and commercial insurance products, distributed exclusively through insurance brokers and intermediaries rather than direct to the public. Cover is arranged nationwide, with claims handling, underwriting and risk management guidance forming part of its service. As a guaranteed subsidiary, it benefits from the wider group's financial backing, holding a Standard & Poor's rating. The company operates across personal and commercial lines, supporting brokers with underwriting expertise, claims service and policy documentation, and has received industry recognition for customer service and broker relations.
Generated from the company's website and Companies House records. Sources: coveainsurance.co.uk · coveainsurance.co.uk · coveainsurance.co.uk