| 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 | 28 Jan 2026 | 41 | 46% | 40% | 14% | 74% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 52 | 50% | 27% | 23% | 58% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 47 | 37% | 40% | 23% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 36 | 46% | 43% | 12% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 35 | 45% | 43% | 13% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Jan 2024 | 31 | 59% | 31% | 10% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Jan 2024 | 54 | 37% | 38% | 25% | 5% |
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Insurance Factory Limited is a private limited company registered in Sevenoaks, Kent, incorporated in 1994. Its registered activity under Companies House is non-life insurance, and it is tagged to the cars, motorcycles and road vehicles sector as well as insurance more broadly. Several of its directors are correspondence-addressed at Markerstudy House, the same registered office, indicating the company operates as part of a wider insurance group rather than as a standalone trading brand. No further detail on specific products, customer base or trading name is confirmed in the available records, but its core registered business is the provision or arrangement of non-life insurance cover.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk