BARBON INSURANCE GROUP LIMITED
Company Information
- Company Number
- 03135797
- Registered Address
- Hestia House, Edgewest Road, Lincoln, LN6 7EL
- Status
- Active
- Employee Count
- 407
- Turnover
- £55,853,000
- EBITDA
- £16,201,000
Additional Details
- Website
- https://www.barbon.com/
- Company Type
- Private limited Company
- Incorporated On
- 8 December 1995
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services,Property,Infrastructure And Construction
- Region
- East Midlands
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 | 29 Jul 2025 | 18 | 92% | 8% | 0% | 34% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 13 | 88% | 12% | 0% | 38% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 28 | 62% | 37% | 1% | 59% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 21 | 80% | 20% | 0% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 20 | 99% | 0% | 1% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 17 | 98% | 2% | 0% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 16 | 96% | 4% | 0% | 7% |
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
Where possible, Barbon always look to adhere to any payment terms specified on supplier's invoices. When invoices do not specify, we apply our standard terms which are 30 days from the date the invoice was received.
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
30
Dispute Resolution Process
Invoices are processed onto the general ledger system, these are then sent for approval using a workflow. If an invoice is queried, it is rejected by the approver with the reason for rejection. The supplier is then contacted by the AP team or by the approver and then once corrected it is re-submitted for approval.
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
BARBON INSURANCE GROUP LIMITED is a leading insurance provider in the UK, offering a range of products and services to its customers. The company is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact.
Their sustainability program includes measures such as reducing paper usage, promoting recycling, and using renewable energy sources in their offices. They also encourage their employees to participate in volunteering and charitable activities within their local communities.
BARBON INSURANCE GROUP LIMITED offers a variety of insurance services including home, landlord, and tenant insurance. They also provide financial and legal services such as mortgage and conveyancing services. Their products are tailored to meet the specific needs of their customers and are backed by reliable and efficient customer service.
The key people at BARBON INSURANCE GROUP LIMITED include CEO, Andy Halstead, and CFO, Kevin O'Connor. They lead a team of experienced and dedicated professionals who strive to provide the best services to their customers.
The company's registered office address is High Point, Church Street, Salford, Manchester, M3 6DP. Their website address is www.barbon.com, where customers can access information about their products and services, as well as contact details for customer support.
In summary, BARBON INSURANCE GROUP LIMITED is a reputable and sustainable insurance provider in the UK, offering a range of products and services to meet the needs of its customers. With a strong commitment to sustainability and a team of experienced professionals, the company continues to provide reliable and efficient services to its customers.
