ADMIRAL INSURANCE COMPANY LIMITED
Company Details
Registration Number
04080051
Registered Address
Ty Admiral David Street Cardiff CF10 2EH
Company Status
Active
Employee Count
0
Turnover
£145,048,000
EBITDA
£21,490,000
Additional Information
Website
admiral.comCompany Type
Private limited Company
Incorporated on
28 September 2000
Nature of Business (SIC)
65120 - Non-life insurance
Industries
Insurance
Region
WalesCompany Location
Financial Overview
£1,466,000
£76,056,000
Last Reporting Period
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Payment Timeline
Not Paid Within Terms
0%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 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 |
Company Summary
ADMIRAL INSURANCE COMPANY LIMITED is a leading insurance provider in the United Kingdom, offering a wide range of products and services to customers
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Some of the key activities of ADMIRAL INSURANCE COMPANY LIMITED include providing insurance coverage for cars, homes, travel, and life
The company also offers van, pet, and personal accident insurance
With a focus on customer satisfaction, the company provides affordable and flexible insurance plans to meet the diverse needs of its customers
ADMIRAL INSURANCE COMPANY LIMITED has a strong sustainability program in place, with a goal to reduce its carbon footprint and promote eco-friendly practices
The company has implemented measures such as paperless policies, energy-efficient office buildings, and using electric vehicles in its fleet
It also supports various environmental charities and encourages its employees to participate in volunteer activities
The key people at ADMIRAL INSURANCE COMPANY LIMITED include CEO David Stevens, who has been with the company since its inception in 1993, and CFO Geraint Jones, who joined the company in 2004
The company has a dedicated team of over 11,000 employees who are committed to providing excellent customer service and promoting sustainability
Customers can contact ADMIRAL INSURANCE COMPANY LIMITED through their website, which also provides information on their products and services
The registered office address of the company is Tŷ Admiral, David Street, Cardiff, CF10 2EH, United Kingdom
In summary, ADMIRAL INSURANCE COMPANY LIMITED is a leading insurance provider in the UK, offering a wide range of products and services while also promoting sustainability
With a dedicated team and a strong commitment to customer satisfaction, the company continues to grow and provide reliable insurance solutions to its customers
Company Review
Trend Analysis
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).
Volatility Analysis
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).
Summary Analysis
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.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Not specified
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
Not specified
Dispute Resolution Process
Not specified
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.
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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?
❌
