HSB ENGINEERING INSURANCE SERVICES LIMITED
Company Information
- Company Number
- 03010292
- Registered Address
- Chancery Place, 50 Brown Street, Manchester, England, M2 2JT
- Status
- Active
- Employee Count
- 257
- Turnover
- £33,092,000
- EBITDA
- -£2,346,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 January 1995
- Nature of Business
- 71122 - Engineering related scientific and technical consulting activities
- Industries
- Financial Services
- Region
- North West
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 | 21 Jul 2025 | 34 | 72% | 17% | 11% | 28% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jul 2025 | 7 | 67% | 20% | 13% | 33% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 31 | 66% | 25% | 9% | 34% |
| 01 Jul 2023 - 31 Dec 2023 | 08 Jan 2024 | 25 | 79% | 16% | 5% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 33 | 74% | 16% | 10% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 23 | 81% | 16% | 3% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 22 | 88% | 8% | 4% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Mar 2021 | 22 | 86% | 10% | 4% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 21 | 89% | 7% | 4% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 29 | 77% | 15% | 8% | 23% |
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 contractual length is 30 days
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
Disputes are dealt with on a case by case basis between supplier and the business owners responsible for receiving the supplies. If unresolved at this level disputes can be further escalated through the payables function manager and ultimately CFO.
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
HSB Engineering Insurance Services Limited is a leading provider of engineering insurance solutions in the UK. They offer a wide range of products and services to protect businesses from financial loss due to equipment breakdown, machinery damage, and other engineering-related risks.
The company's sustainability program is focused on reducing their environmental impact and promoting responsible business practices. They have implemented various initiatives to minimize their carbon footprint, such as using energy-efficient technology and promoting recycling and waste reduction.
HSB Engineering Insurance Services Limited is led by a team of experienced professionals, including the Managing Director, David Cullen, and the Head of Underwriting, Carl Jones. Their expertise and leadership have helped the company to establish a strong reputation in the industry.
The company's products and services include engineering insurance for businesses, contractors, and manufacturers, as well as inspection and risk management services. They also offer coverage for renewable energy projects, such as wind farms and solar power plants.
HSB Engineering Insurance Services Limited is committed to providing excellent customer service and ensuring that their clients' needs are met. They have a dedicated team of underwriters and engineers who work closely with clients to tailor insurance solutions to their specific requirements.
The company's website address is www.hsbengineeringinsurance.co.uk, where customers can find more information about their products and services, as well as access to online tools and resources. The registered office address is 7th Floor, 1 America Square, 17 Crosswall, London, EC3N 2LB.
In conclusion, HSB Engineering Insurance Services Limited is a reputable company in the UK that offers sustainable and comprehensive engineering insurance solutions to businesses. With a strong leadership team, a commitment to sustainability, and a range of high-quality products and services, they continue to be a trusted partner for many businesses.
