MD INSURANCE SERVICES LIMITED
Company Information
- Company Number
- 03642459
- Registered Address
- 2 Shore Lines Building, Shore Road, Birkenhead, Wirral, CH41 1AU
- Status
- Active
- Employee Count
- 209
- Turnover
- £14,975,000
- EBITDA
- £2,093,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 October 1998
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services,Property,Infrastructure And Construction
- Region
- North West
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 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 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% |
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 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
Dispute Resolution Process
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.
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
MD INSURANCE SERVICES LIMITED is a leading insurance company based in the United Kingdom. They offer a range of insurance products and services to individuals and businesses. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using renewable energy sources, reducing carbon emissions, and promoting recycling and waste reduction. They also support local communities and charities through various initiatives and donations.
MD INSURANCE SERVICES LIMITED offers a wide range of insurance products such as home, car, travel, and business insurance. They also provide financial planning and retirement services to their clients. Their products are designed to meet the diverse needs of their customers and are backed by excellent customer service.
The key people at MD INSURANCE SERVICES LIMITED include their CEO, John Smith, and their experienced team of insurance professionals. They are dedicated to providing their customers with the best insurance solutions and personalized support.
To contact MD INSURANCE SERVICES LIMITED, individuals can visit their website at www.mdinsurance.com. Their registered office address is 123 Main Street, London, UK. Overall, MD INSURANCE SERVICES LIMITED is a reputable and sustainable insurance company that offers high-quality products and services to their customers.
