The time taken for ADMIRAL INSURANCE COMPANY LIMITED to pay invoices to suppliers has been consistent over the past six periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the latest period (2021-01-01 to 2021-06-30).
The average time taken for ADMIRAL INSURANCE COMPANY LIMITED to pay invoices to suppliers has been relatively stable over the past six periods, with a slight increase in the latest period (2021-01-01 to 2021-06-30).
Over the past three periods (2021-01-01 to 2021-06-30), there has been a slight increase in the average time taken for ADMIRAL INSURANCE COMPANY LIMITED to pay invoices to suppliers. There has also been a decrease in the percentage of invoices paid within 30 days and a significant increase in the percentage of invoices paid later than 60 days. This suggests that ADMIRAL INSURANCE COMPANY LIMITED may be experiencing some delays in paying their invoices, leading to a higher percentage of invoices being paid later than 60 days.
| 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 | 30 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 17 Dec 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 10 Jan 2022 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 10 Jan 2022 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 10 Jan 2022 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 10 Jan 2022 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 10 Jan 2022 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 10 Jan 2022 | |||||
| 01 Jul 2017 - 31 Dec 2017 | 10 Jan 2022 |
Admiral Insurance Company Limited is a registered non-life insurer based in Cardiff, incorporated in 2000. It forms part of the wider Admiral Group, whose consumer-facing brand, Admiral, offers car, home, van, pet and travel insurance, along with MultiCar and MultiCover products, personal loans and breakdown cover. The group states it began in 1993 specialising in car insurance and now employs over 11,000 staff across eight countries, with policies managed via an online account and app. As the group's insurance underwriting entity, this company's own role is to provide the non-life insurance cover that sits behind these consumer products, rather than the marketing, technology or wider group functions.
Generated from the company's website and Companies House records. Sources: admiral.com · admiral.com