BISL LIMITED
Company Information
- Company Number
- 03231094
- Registered Address
- Fusion House Katharine Way, Bretton, Peterborough, United Kingdom, PE3 8BG
- Status
- Active
- Employee Count
- 1593.0
- Turnover
- 243661000.0
- EBITDA
- 16309000.0
Additional Details
- Website
- https://bglinsurance.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 30 July 1996
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Financial Services
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 42 | 41% | 40% | 19% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Jul 2023 | 28 | 73% | 21% | 6% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 28 | 74% | 19% | 7% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 25 | 83% | 12% | 5% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 21 | 95% | 5% | 0% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 16 | 95% | 3% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 28 | 80% | 15% | 5% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 27 | 79% | 17% | 4% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 30 | 80% | 15% | 5% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 25 | 80% | 18% | 2% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 32 | 72% | 19% | 9% | 28% |
| 01 Jul 2017 - 31 Dec 2017 | 29 Jan 2018 | 31 | 68% | 25% | 7% | 32% |
Company Summary
BISL LIMITED is a UK-based company that provides insurance and financial services to customers across the country
The company has a strong focus on sustainability and is committed to reducing its environmental impact
Their sustainability program includes initiatives such as reducing paper usage, promoting recycling and using renewable energy sources
They also have a Green Team that works towards implementing sustainable practices within the company
BISL LIMITED offers a range of insurance products including car, home, and life insurance
They also provide financial services such as investments and mortgages
Their products are designed to meet the diverse needs of their customers and are backed by excellent customer service
The company is led by a team of experienced professionals, including CEO Ann Bowyer, who has over 30 years of experience in the insurance industry
The company also has a dedicated customer service team to assist customers with any queries or concerns
To contact BISL LIMITED, customers can visit their website at www.bisl.co.uk or call their registered office at Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS
With their strong focus on sustainability and commitment to customer satisfaction, BISL LIMITED is a trusted and reliable choice for insurance and financial services in the UK
Company Review
Trend Analysis
From 2017 to 2023, there has been a fluctuating trend in the average time taken for BISL Limited to pay invoices to suppliers. The highest average time (42 days) was recorded in the period of Jan 2023 to June 2023, while the lowest average time (16 days) was recorded in the period of July 2020 to Dec 2020. There has been a slight decrease in the average time taken to pay invoices from 2017 to 2023, with the exception of a slight increase in the period of Jan 2022 to June 2022.
Volatility Analysis
The volatility of the average time taken to pay invoices has been relatively stable, with the exception of a significant increase in volatility in the period of Jan 2023 to June 2023. This can be attributed to the high percentage of invoices paid later than 60 days during this period.
Summary Analysis
In general, BISL Limited has shown a consistent effort to pay invoices to suppliers within the agreed terms. From 2017 to 2023, there has been a gradual increase in the percentage of invoices paid within 30 days, with the highest percentage (95%) recorded in the period of Jan 2021 to June 2021. The company has also made improvements in paying invoices between 31 and 60 days, with the lowest percentage (3%) recorded in the period of July 2020 to Dec 2020. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the period of Jan 2022 to June 2022, which may have contributed to the increase in the average time taken to pay invoices during this period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Our purchase ledger team is responsible for identifying and resolving any disputes which may arise between BISL and our suppliers. If a supplier has a dispute or a complaint, then in the first instance they are to contact the Purchase Ledger team shared inbox for that entity.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
