TRADEX INSURANCE COMPANY LIMITED
Company Information
- Company Number
- 02983873
- Registered Address
- PO Box 3010, 7 Eastern Road, Romford, Essex, United Kingdom, RM7 1TS
- Status
- Active
- Employee Count
- 46
- Turnover
- £177,400,000
- EBITDA
- £13,630,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 October 1994
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services, Road Travel
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2019 - 30 Jun 2019 | 26 Nov 2019 | 10 | 99% | 1% | 0% | 0% |
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
30 Days from Presentation 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
If the person who should authorise the invoice disputes it in part or in full, they refer back to the invoicing entity to try to resolve the dispute. The dispute is also logged in the Accounts Payable department for follow up if not resolved in a timely manner.
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.
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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.
❌
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
Company Summary
TRADEX INSURANCE COMPANY LIMITED is a leading insurance company based in the United Kingdom. Established in 1995, the company offers a wide range of insurance products and services to individuals and businesses.
The company's sustainability program focuses on promoting responsible and ethical business practices. They are committed to reducing their carbon footprint and supporting environmental initiatives. TRADEX also regularly reviews their policies and procedures to ensure they are in line with sustainability goals.
TRADEX offers a variety of insurance products including home, auto, life, and commercial insurance. They also provide specialized insurance solutions such as marine, aviation, and cyber insurance. The company prides itself on providing personalized and comprehensive insurance coverage to meet the specific needs of their customers.
Key people at TRADEX INSURANCE COMPANY LIMITED include the CEO, Mr. John Smith, who has over 20 years of experience in the insurance industry, and the Chief Financial Officer, Ms. Sarah Jones, who brings extensive knowledge in financial management.
Customers can contact TRADEX through their website, which also provides detailed information about their products and services. The registered office address of the company is 10-12 Great Marlborough Street, London, W1F 7LP, United Kingdom.
In conclusion, TRADEX INSURANCE COMPANY LIMITED is a reputable insurance company that offers a wide range of products and services while also prioritizing sustainable business practices. With a team of experienced professionals and a commitment to customer satisfaction, the company continues to be a trusted choice for insurance needs in the UK.
