COVÉA INSURANCE SERVICES LIMITED
Company Information
- Company Number
- 02966506
- Registered Address
- A&B Mills, Dean Clough, Halifax, United Kingdom, HX3 5AX
- Status
- Active
- Employee Count
- 1,729
- Turnover
- £181,730,000
- EBITDA
- £0
Additional Details
- Website
- https://coveainsurance.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 5 September 1994
- Nature of Business
- 66290 - Other activities auxiliary to insurance and pension funding70100 - Activities of head offices
- Industries
- Financial Services
- Region
- Yorkshire and The Humber
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 | 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 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 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% |
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
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
30
Dispute Resolution Process
Any disputes should first be referred to purchaseledger@coveainsurance.co.uk
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.
❌
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
COVÉA INSURANCE SERVICES LIMITED is a leading insurance provider in the UK, offering a range of products and services to customers. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes efforts to reduce carbon emissions, promote recycling and responsible waste management, and support local communities through charitable donations and volunteer work.
COVÉA INSURANCE SERVICES LIMITED offers a variety of insurance products including home, motor, business, and pet insurance. They also provide specialist insurance solutions for high-net-worth individuals and businesses.
The key people at COVÉA INSURANCE SERVICES LIMITED include the CEO, James Reader, and the Executive Director, Carol Geldard. They lead a team of dedicated professionals who strive to provide the best customer service and innovative insurance solutions.
Customers can contact COVÉA INSURANCE SERVICES LIMITED through their website, which also provides information on their products and services, as well as tips on how to stay safe and protect against risks. The company's registered office address is located in Reading, UK.
In summary, COVÉA INSURANCE SERVICES LIMITED is a reputable insurance provider in the UK, with a strong commitment to sustainability and providing quality insurance solutions to their customers. With a dedicated team and a range of products and services, they continue to be a trusted choice for individuals and businesses seeking insurance protection.
