Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 32 | 69% | 21% | 10% | 31% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 37 | 57% | 29% | 14% | 43% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 35 | 58% | 32% | 10% | 42% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 25 | 80% | 17% | 3% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 26 | 90% | 5% | 5% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Jul 2022 | 7 | 99% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 11 Jan 2022 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 9 | 98% | 2% | 0% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Sept 2019 | 7 | 99% | 1% | 0% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 07 Feb 2019 | 8 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 13 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The companys standard payment terms are 30 days
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
In case of a dispute a vendor is contacted and informed of an issue by the Manager who authorised the purchase. The Manager will then endeavour to agree a process going forwards with a resolution to be agreed within 14 days. If no resolution is resolved within 14 days of a dispute being raised this is then notified to Senior Management. Please note that the resolution does not have to be a payment but can be an agreement to make payment after the product or service has been provided to a satisfactory basis. Senior Management will then email or telephone the vendor to raise the issue and attempt to agree a resolution. If no agreement has been reached after 60 days of the dispute being raised the invoice is cancelled and the vendor notified. If the vendor, then raises a notification of intention to start legal proceedings the Compliance Manager is notified.
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
MD Insurance Services Limited is registered under company number 03642459 but trades as Premier Guarantee. It provides structural warranty and building control services for new build housebuilders, high-rise developers and housing associations, alongside homeowner policies. Its policies are underwritten by rated insurers including HSB and AXA. The company forms part of HSB, a specialist insurer for the UK and Ireland, which sits within the HSB Group, itself part of Munich Re. Services include in-house surveying, risk assessment during construction, account management and a customer portal for site reports and warranty documentation. The company also runs industry awards and publishes technical standards guidance for builders and developers.
Generated from the company's website and Companies House records. Sources: premierguarantee.com · premierguarantee.com