HIGHWAY INSURANCE GROUP LIMITED

Company Information

Company Number
02998217
Registered Address
57 Ladymead, Guildford, Surrey, England, GU1 1DB
Status
Active
Employee Count
0
Turnover
£0
EBITDA
£0

Additional Details

Company Type
Private limited Company
Incorporated On
30 November 1994
Nature of Business
70100 - Activities of head offices
Industries
Financial Services
Region
South East

Time to Pay

Average Time to Pay
0 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
0%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-01-17
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2019 - 30 Jun 201911 Jul 201900%0%0%0%
01 Jul 2018 - 31 Dec 201829 Jan 201900%0%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

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

Dispute Resolution Process

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.

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

HIGHWAY INSURANCE GROUP LIMITED is a leading insurance company in the UK, providing a range of products and services to both individuals and businesses. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes measures such as promoting the use of eco-friendly materials, reducing paper usage, and implementing energy-efficient practices in their offices. They also support charities and community projects that focus on environmental conservation.

The company offers a wide range of insurance products including motor, home, and commercial insurance. They also provide specialized insurance for high-risk industries such as construction and transportation. Their services include risk assessment, claims handling, and personalized insurance solutions for their clients.

The key people at HIGHWAY INSURANCE GROUP LIMITED include the CEO, Brian Thompson, and the Chairman, Mark Cliff. They lead a team of experienced professionals who are dedicated to providing excellent customer service and innovative insurance solutions.

Customers can contact HIGHWAY INSURANCE GROUP LIMITED through their website, which also provides detailed information about their products and services. The company's registered office address is 57 Ladymead, Guildford, Surrey, GU1 1DB.

In conclusion, HIGHWAY INSURANCE GROUP LIMITED is a reputable insurance company in the UK, offering sustainable products and services to its customers. With a strong commitment to sustainability and a team of experienced professionals, the company continues to be a leader in the insurance industry.

Financial Metrics

Cash
£61,000
Net Worth
£184,226,000
Total Current Assets
£61,000
Total Current Liabilities
£0

Company Location