BRIGHTSIDE INSURANCE SERVICES LIMITED
Company Information
- Company Number
- 04137311
- Registered Address
- 45 Westerham Road, Bessels Green, Sevenoaks, Kent, United Kingdom, TN13 2QB
- Status
- Active
- Employee Count
- 211
- Turnover
- £16,190,000
- EBITDA
- £2,621,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 January 2001
- Nature of Business
- 66220 - Activities of insurance agents and brokers
- 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 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 47 | 23% | 52% | 25% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 33 | 50% | 44% | 7% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 29 | 58% | 35% | 7% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Jan 2024 | 38 | 39% | 48% | 13% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Jan 2024 | 63 | 22% | 47% | 31% | 5% |
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
30 days from date of invoice
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
Suppliers are contacted to notify them if there is an issue with the invoice, service or goods. The business representative who ordered the goods/services from the supplier then works to resolve any issue with their contact at the supplier. The supplier can also contact the finance team regarding payment. Disputes will be escalated up the management chain if not satisfactorily resolved.
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
BRIGHTSIDE INSURANCE SERVICES LIMITED is a UK-based insurance company that offers a wide range of insurance products and services to individuals and businesses. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility.
One of the key activities of BRIGHTSIDE INSURANCE SERVICES LIMITED is providing insurance solutions to customers. They offer a variety of insurance plans, including car, home, travel, and business insurance. The company also provides specialized insurance for high-risk individuals and businesses.
In addition to their insurance services, BRIGHTSIDE INSURANCE SERVICES LIMITED has a strong focus on sustainability. They have implemented initiatives such as paperless billing, energy-efficient practices, and recycling programs to reduce their carbon footprint. The company also supports various charities and community projects to promote social responsibility.
The key people at BRIGHTSIDE INSURANCE SERVICES LIMITED include their CEO, Brendan McCafferty, and their Chairman, Mark Cliff. They have a team of experienced professionals who are dedicated to providing excellent customer service and promoting sustainable practices.
To get in touch with BRIGHTSIDE INSURANCE SERVICES LIMITED, individuals can visit their website at www.brightsideinsurance.co.uk. The company's registered office address is Brightside Park, Severn Bridge, Aust, Bristol, BS35 4BL. Customers can also contact them through their customer service hotline at 0330 102 4508.
In conclusion, BRIGHTSIDE INSURANCE SERVICES LIMITED is a reputable insurance company in the UK that offers a variety of insurance products and services while also promoting sustainability and social responsibility. Their commitment to sustainability, along with their experienced team and excellent customer service, makes them a top choice for insurance needs.
