Score of 93.8/100 qualifies for PaymentCheck Certification
| 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 | 30 Jan 2026 | 21 | 95% | 4% | 1% | 5% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 24 | 95% | 4% | 1% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 25 | 99% | 1% | 0% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 25 | 94% | 5% | 1% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 27 | 88% | 9% | 2% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 27 | 81% | 18% | 1% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 27 | 85% | 14% | 1% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 27 | 84% | 15% | 1% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 34 | 69% | 19% | 12% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 30 | 80% | 17% | 3% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 30 | 71% | 26% | 3% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 27 | 95% | 4% | 1% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jul 2020 | 42 | 63% | 25% | 12% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2020 | 38 | 62% | 27% | 11% | 44% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jul 2020 | 33 | 76% | 16% | 8% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 29 Jul 2020 | 29 | 79% | 17% | 4% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
HISL Standard preferred payment terms are 30 days, although these can be amended as part of contract negotiations and range from 7 days to 60 days as appropriate to the contract and service or goods provided.
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
Any queries in respect of supplier payments should be raised by contacting the Accounts Payable department in the first instance (hastingsgrouppayments@Hastingsdirect.com). The supplier will generally receive a response within 3 working days. Any contractual disputes should be raised with the principal supplier contract and are then managed through our procurement and Legal department.
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
Hastings Insurance Services Limited trades as Hastings Direct and is the UK trading subsidiary of Hastings Group Holdings Ltd, itself part of Hastings Group (Consolidated) Ltd, within the Nordic insurance group Sampo. It operates as a general insurance provider to the UK market, offering car, van, bike and home insurance products through a data driven, digitally focused business model. The company was founded in 1996 in Bexhill-on-Sea, where it remains based, alongside offices in Leicester. It describes itself as an agile, technology driven insurer aiming to be the best and biggest digital insurance provider in the UK, serving several million live customer policies across the wider group.
Generated from the company's website and Companies House records. Sources: hastingsdirectcareers.com · hastingsdirectcareers.com