CHARLES TAYLOR ADMINISTRATION SERVICES LIMITED
Company Information
- Company Number
- 03413040
- Registered Address
- 2 Minster Court, Mincing Lane, London, United Kingdom, EC3R 7BB
- Status
- Active
- Employee Count
- 0
- Turnover
- £26,110,000
- EBITDA
- -£4,276,000
Additional Details
- Website
- https://ctplc.com
- Company Type
- Private limited Company
- Incorporated On
- 31 July 1997
- Nature of Business
- 82110 - Combined office administrative service activities
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for CHARLES TAYLOR ADMINISTRATION SERVICES LIMITED shows a fluctuating trend in their average time to pay invoices. From 2019 to 2020, there was a significant decrease in the average time to pay, followed by a slight increase in 2021. However, in 2022 there was a sharp increase in the average time to pay, followed by a decrease in 2023.
Volatility Analysis
The data for CHARLES TAYLOR ADMINISTRATION SERVICES LIMITED shows high volatility in their average time to pay invoices, with significant changes between periods. This is reflected in the fluctuating percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. The company also has a high percentage of invoices not paid within agreed terms, with the highest being 54% in 2023.
Summary Analysis
Looking at the data for the past three periods, there has been a decrease in the average time to pay for CHARLES TAYLOR ADMINISTRATION SERVICES LIMITED from 2019 to 2020. However, in 2021 there was a slight increase, followed by a sharp increase in 2022. The company has consistently maintained a payment period of 1 day for invoices. In terms of early payment, there has been an improvement with 82% of invoices paid within 30 days in both 2021 and 2022. However, there has also been an increase in the percentage of invoices paid later than 60 days in 2023, which could be a cause for concern.
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 | 05 Feb 2025 | 63 | 30% | 39% | 31% | 40% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 72 | 24% | 36% | 40% | 54% |
| 01 Jan 2023 - 30 Jun 2023 | 15 Aug 2023 | 54 | 23% | 55% | 22% | 44% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 43 | 37% | 41% | 22% | 41% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Feb 2023 | 57 | 29% | 43% | 28% | 40% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 23 | 82% | 9% | 9% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 23 | 82% | 9% | 9% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 37 | 71% | 12% | 17% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 56 | 62% | 13% | 25% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 47 | 57% | 18% | 25% | 6% |
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
45 days from the invoice date
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
The dispute will be managed by the relevant budget holder. Legal advice/action would be obtained if necessary.
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
Charles Taylor Administration Services Limited is a global provider of professional services and solutions for the insurance industry. Founded in 1902, the company has grown to become a trusted partner to insurance companies, brokers, and other financial institutions.
The company's sustainability program focuses on reducing its environmental footprint, promoting diversity and inclusion, and supporting local communities. This includes initiatives such as reducing paper usage, implementing energy-efficient measures, and supporting charities and community projects.
Charles Taylor Administration Services Limited offers a range of products and services including claims management, consulting, technology solutions, and risk management. They also specialize in managing complex insurance programs and providing support for mergers and acquisitions.
The key people at Charles Taylor Administration Services Limited include CEO David Marock, who has over 30 years of experience in the insurance industry, and Chairman Edward Creasy, who has been with the company since 2003.
The company's website address is www.ctplc.com and their registered office address is 1 King's Arms Yard, London, EC2R 7AF, United Kingdom. They have offices in various locations around the world, including Europe, Asia, and the Americas.
In summary, Charles Taylor Administration Services Limited is a reputable and sustainable company that offers a wide range of professional services and solutions for the insurance industry. With a strong commitment to sustainability and a team of experienced leaders, they continue to be a leader in their field.
