| 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 2019 - 31 Dec 2019 | 17 Jan 2020 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 0 | 0% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 0 | 0% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms confirm the supplier will be paid within 30 days of receipt of a valid undisputed invoice unless otherwise agreed and stated in the order.
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
If we dispute any item in an invoice, we aim to inform the supplier promptly of the disputed item and work with them to (1) explain why the invoice has been disputed; and (2) reach a mutually acceptable outcome. Suppliers are encouraged to contact their point of reference in the business to resolve any disputed work or invoices.
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
Highway Insurance Group Limited is a private limited company registered in Guildford, incorporated in 1994. It was previously named Ockham Holdings PLC, then Highway Insurance Holdings PLC, and later Highway Insurance Group PLC before converting to its current private company status in 2011. Its registered business activity is that of a financial services holding company, and it is recorded as part of the Allianz SE corporate group, with Allianz SE listed as its direct and ultimate parent. The entity itself does not appear to trade directly with customers but functions as a holding company within the wider Allianz group structure, historically linked to insurance activities under the Highway Insurance name.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · lei-lookup.com