HIGHWAY INSURANCE COMPANY LIMITED
Company Information
- Company Number
- 03730662
- Registered Address
- 57 Ladymead, Guildford, Surrey, England, GU1 1DB
- Status
- Active
- Employee Count
- 0
- Turnover
- £236,800,000
- EBITDA
- -£21,600,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 March 1999
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- South East
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 | 31 Jul 2025 | 54 | 36% | 22% | 42% | 71% |
| 01 Jul 2024 - 31 Dec 2024 | 22 Jan 2025 | 34 | 68% | 28% | 4% | 35% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 30 | 88% | 7% | 5% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Mar 2024 | 32 | 86% | 6% | 9% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 26 | 90% | 6% | 4% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 23 | 89% | 8% | 3% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 0 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 0 | 100% | 0% | 0% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 1 | 100% | 0% | 0% | 27% |
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
Our standard terms confirm the supplier will be paid within 30 days of receipt of a valid undisputed invoice, unless otherwise agreed and stated in the order.
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
Dispute Resolution Process
Where The Company has a reasonable dispute regarding an invoice received from Supplier, The Company will promptly notify the Supplier of that dispute. Allianz will pay the undisputed element of the invoice in accordance with normal payment agreement and both Parties will use reasonable endeavours to resolve the dispute regarding the balance of the invoice as quickly as reasonably possible. If any sum due to the Supplier remains unpaid thirty (30) days after payment was due by The Company, the Supplier may charge interest (both before and after any judgment) on the amount unpaid at the rate of 2 per cent per annum above the base rate of Lloyds from time to time until payment is made in full, calculated on a daily basis. The Supplier’s right to charge interest shall not apply where there is a reasonable dispute in accordance with the Dispute Resolution Process as to whether the invoice is properly payable.
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
HIGHWAY INSURANCE COMPANY LIMITED is a leading insurance provider based in the United Kingdom. The company offers a range of insurance products and services to individuals and businesses, with a focus on sustainability and responsible practices.
The company's sustainability program is centered around reducing their environmental impact and promoting social responsibility. They have implemented various initiatives, such as using recycled materials and reducing their carbon footprint, to achieve their sustainability goals.
HIGHWAY INSURANCE COMPANY LIMITED offers a wide range of insurance products, including car, home, and commercial insurance. They also provide specialist insurance for high-risk industries and niche markets. Their services include risk assessment, claims handling, and personalized insurance solutions tailored to their clients' needs.
The key people at HIGHWAY INSURANCE COMPANY LIMITED include a team of experienced and knowledgeable insurance professionals who are committed to delivering excellent service to their customers. The company's CEO is John O'Roarke, who has over 30 years of experience in the insurance industry.
For any inquiries or assistance, customers can contact HIGHWAY INSURANCE COMPANY LIMITED through their website or by visiting their registered office at 57 Ladymead, Guildford, Surrey, GU1 1DB. The company's website address is www.highwayinsurance.co.uk.
In conclusion, HIGHWAY INSURANCE COMPANY LIMITED is a reputable insurance provider in the UK, offering sustainable products and services and led by a team of experienced professionals. Their commitment to sustainability and customer satisfaction makes them a top choice for insurance needs.
