HASTINGS INSURANCE SERVICES LIMITED
Company Information
- Company Number
- 03116518
- Registered Address
- Conquest House, Collington Avenue, Bexhill On Sea, East Sussex, TN39 3LW
- Status
- Active
- Employee Count
- 12,944
- Turnover
- £405,800,000
- EBITDA
- £34,600,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 October 1995
- Nature of Business
- 66220 - Activities of insurance agents and brokers
- Industries
- Financial Services,Travel And Transportation
- Region
- South East
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 | 30 Jul 2025 | 24 | 95% | 4% | 1% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 25 | 99% | 1% | 0% | 6% |
| 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 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% |
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
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 good provided
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
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 contract relationship manager and are then managed through the HISL contract relationship manager, and with our procurement and legal departments if circumstances require it.
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
HASTINGS INSURANCE SERVICES LIMITED is a British insurance company that provides a variety of insurance products and services to its customers. The company was founded in 1997 and is headquartered in Bexhill-on-Sea, East Sussex.
The company offers a range of insurance products including car, home, van, bike, and travel insurance. They also provide additional services such as breakdown cover and personal accident cover. Their goal is to provide affordable insurance options to their customers while maintaining high-quality service.
In terms of sustainability, HASTINGS INSURANCE SERVICES LIMITED has implemented various initiatives to reduce their environmental impact. They have a recycling program in place and have also introduced paperless billing options for their customers. The company also partners with local charities and organizations to support community projects and reduce their carbon footprint.
The key people at HASTINGS INSURANCE SERVICES LIMITED include its CEO, Toby van der Meer, and its CFO, John Worth. They are supported by a team of experienced professionals who are committed to delivering excellent customer service and sustainable practices.
Customers can contact HASTINGS INSURANCE SERVICES LIMITED through their website, which also provides a comprehensive overview of their products and services. The company's registered office address is Conquest House, Collington Avenue, Bexhill-on-Sea, East Sussex, TN39 3LW.
In summary, HASTINGS INSURANCE SERVICES LIMITED is a reputable insurance company in the UK that offers a wide range of products and services to its customers. Their commitment to sustainability and their focus on providing affordable insurance options make them a reliable and responsible choice for customers.
