Score of 97.3/100 qualifies for PaymentCheck Certification
| 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 | 15 | 94% | 6% | 0% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 15 | 94% | 6% | 0% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 21 | 85% | 10% | 5% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 18 | 92% | 5% | 3% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 21 | 96% | 3% | 1% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 16 | 93% | 6% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 14 | 94% | 6% | 0% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 12 | 96% | 4% | 0% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 21 | 85% | 9% | 6% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 11 | 97% | 3% | 0% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 14 | 93% | 6% | 1% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 12 | 96% | 3% | 1% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 12 Feb 2020 | 11 | 95% | 4% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 9 | 97% | 2% | 1% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 16 | 96% | 3% | 1% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most of the company's suppliers insist on using their own standard terms and conditions; the most common payment terms are 30 days from date of invoice. In most cases, the company will incorporate/ agree to payment terms of 30 days from either date of invoice or date of receipt of invoice. In addition to other remedies available to a supplier, as a consequence of late payment by Euler Hermes, the contract will usually give the supplier the right to charge interest, at the daily rate specified therein, on the overdue sum from the due date until the date on which payment is made (whether it is before or after judgment).
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
60
In all cases, the company will ensure that the supplier has a usual contact within the Euler Hermes department involved in negotiating the contract in question, who will act as the first point of contact for all matters and issues that arise in connection with that contract. For contracts with key suppliers, the company incorporates a staged escalation procedure for the resolution of disputes between the parties, before any litigation or other alternative dispute resolution procedure can be commenced. Usually, the contract will require that a party should provide written notice of any disputed matter arising under the contract to the other party, following which specified individuals from each party will attempt to resolve the dispute within a set period (between 14 - 30 days). In the first instance, negotiations will often take place between a primary contact/manager at Euler Hermes and the account manager/executive for the supplier. If they are unable to resolve the dispute then the matter is escalated in stages to individuals of increasing seniority for each party; for Euler Hermes this will be the head of the relevant function/department, followed by the CEO. Failure by the parties to resolve the dispute using the escalation procedure entitles either party to commence litigation or other dispute resolution procedure stipulated in the contract.
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.
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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
Euler Hermes Services UK Limited is a registered UK company that has traded under several names since incorporation in 1997, including Edengreen Limited, Euler UK Group Services Limited and Euler Hermes Management UK Limited. Its stated business activities cover services auxiliary to insurance and pension funding, together with human resources provision and management. This indicates the company acts as an internal services entity supporting the wider Euler Hermes group, a credit insurance business, rather than trading directly with external customers. No further detail on specific operations, products or client base is available from the evidence provided. The company remains active, registered at an address in London.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk