| 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 | 32 | 69% | 19% | 12% | 38% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 22 | 80% | 15% | 5% | 31% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 25 | 77% | 16% | 7% | 23% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 30 | 81% | 10% | 9% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 20 | 88% | 9% | 3% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 19 | 90% | 6% | 4% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The accounts payable team process high volumes of invoices with our accounting platform. However, supplier contract terms are not always held on the system database and therefore an assumption has been made that the standard payment terms is 30 days (being the most frequently used payment terms) for qualifying contracts.
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
Supplier complaints/concerns should be made in writing to the individual responsible for the contract instruction who will consider the dispute in conjunction with CFC’s legal team (taking into account the terms of the relevant contract) and respond to the supplier as quickly as possible.
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
CFC UNDERWRITING LIMITED is an active private limited company, incorporated on 16 January 1997, based in the London region. Registered business activity: Non-life insurance.
From Companies House records.