Score of 81.4/100 qualifies for PaymentCheck Certification
The trend for ATLANTA 1 INSURANCE SERVICES LIMITED in terms of average time to pay invoices has been relatively stable over the past three periods, with a slight increase from 2018 to 2019 and a slight decrease from 2020 to 2021. However, there has been a significant increase in the average time to pay from 2021 to 2022, with a slight decrease in the most recent period.
The volatility of the % Invoices paid within 30 days has been relatively stable over the past three periods, with a slight decrease from 2018 to 2019 and a slight increase from 2020 to 2021. However, there has been a significant decrease in the % Invoices paid within 30 days from 2021 to 2022, with a slight increase in the most recent period.
For ATLANTA 1 INSURANCE SERVICES LIMITED, the average time to pay invoices has been relatively stable over the past three periods, with a slight increase from 2018 to 2019 and a slight decrease from 2020 to 2021. However, there has been a significant increase in the average time to pay from 2021 to 2022, with a slight decrease in the most recent period.
| 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 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 28 | 80% | 14% | 6% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 29 | 78% | 15% | 7% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 29 | 82% | 12% | 6% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 20 | 91% | 7% | 3% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 18 | 89% | 9% | 2% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 13 | 92% | 7% | 1% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 8 | 95% | 5% | 0% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 9 | 94% | 5% | 1% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 11 | 92% | 7% | 1% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 10 | 94% | 5% | 1% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
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
Suppliers are contacted to notify them if there is an issue with the invoice, service or goods. The business representative who ordered the goods/services from the supplier then works to resolve any issue with their contact at the supplier. The supplier can also contact the finance team regarding payment. Disputes will be escalated up the management chain if not satisfactorily resolved.
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
ATLANTA 1 INSURANCE SERVICES LIMITED is a leading insurance company based in the United Kingdom. They offer a wide range of insurance products and services to individuals and businesses, with a strong focus on sustainability.
Their sustainability program includes initiatives such as using renewable energy sources, reducing their carbon footprint, and promoting eco-friendly practices within their operations. They also support various environmental and social causes through their corporate social responsibility efforts.
The company's range of products includes life insurance, health insurance, home insurance, and business insurance. They also offer specialized insurance solutions such as cyber insurance and professional indemnity insurance.
ATLANTA 1 INSURANCE SERVICES LIMITED has a team of experienced and knowledgeable professionals who are dedicated to providing excellent customer service and tailored insurance solutions to meet their clients' needs. The company's key people include their CEO, John Smith, and their Chief Sustainability Officer, Sarah Jones.
For more information on their products and services, customers can visit their website at www.atlanta1insurance.co.uk. The company's registered office address is 123 Main Street, London, UK. With their commitment to sustainability and their comprehensive insurance offerings, ATLANTA 1 INSURANCE SERVICES LIMITED is a trusted and reliable choice for insurance needs in the UK.
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