CFC UNDERWRITING LIMITED
Company Information
- Company Number
- 03302887
- Registered Address
- 85 Gracechurch Street, London, United Kingdom, EC3V 0AA
- Status
- Active
- Employee Count
- 513
- Turnover
- £164,797,000
- EBITDA
- £100,229,000
Additional Details
- Website
- https://www.cfc.com/
- Company Type
- Private limited Company
- Incorporated On
- 16 January 1997
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
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 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 25 | 77% | 16% | 7% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 20 | 88% | 9% | 3% | 12% |
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
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
Dispute Resolution Process
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.
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?
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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
Company Summary
CFC Underwriting Limited is a leading insurance underwriting agency based in London, United Kingdom. The company specializes in providing insurance products and services to businesses all over the world. CFC Underwriting Limited is committed to sustainability and has implemented various programs to reduce its environmental impact.
Their sustainability program focuses on reducing their carbon footprint, promoting energy efficiency, and promoting responsible business practices. They have also established a green procurement policy and use renewable energy sources wherever possible. CFC Underwriting Limited also encourages their employees to participate in community service and volunteer activities.
The company offers a wide range of insurance products and services, including cyber insurance, professional liability insurance, and specialty insurance. They are known for their innovative approach to underwriting and their ability to tailor insurance solutions to meet the unique needs of their clients.
The key people at CFC Underwriting Limited include founder and CEO, David Walsh, and managing director, Graeme Newman. They are supported by a team of experienced underwriters and industry experts.
For more information on their products and services, or to get in touch with them, interested parties can visit their website at www.cfcunderwriting.com. CFC Underwriting Limited's registered office address is 85 Gracechurch Street, London, EC3V 0AA, United Kingdom.
