While 76% of payments are completed within 30 days, the average payment time of 31 days combined with 52% classified as late suggests a consistent pattern of exceeding agreed-upon payment terms. This indicates their operational payment cycle often stretches just beyond initial deadlines, rather than being an unpredictable fluctuation.
Payment reliability is moderate, with a significant 52% of transactions being late, impacting predictability for suppliers aiming for strict adherence to terms. The 24% of payments extending beyond 30 days, particularly the 8% taking over 60 days, introduces a discernible risk of extended payment cycles for a subset of invoices.
DUAL CORPORATE RISKS presents a moderate payment risk; suppliers should expect most payments within 30 days but anticipate frequent delays beyond initial terms for approximately half of all invoices. Consider implementing clear, perhaps shorter, payment terms and establish robust follow-up procedures to manage potential cash flow impacts.
| 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 Apr 2025 - 31 Dec 2025 | 16 Jan 2026 | 26 | 81% | 15% | 4% | 60% |
| 01 Oct 2024 - 31 Mar 2025 | 03 Apr 2025 | 31 | 76% | 16% | 8% | 52% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 24 | 83% | 14% | 3% | 43% |
| 01 Oct 2023 - 31 Mar 2024 | 25 Apr 2024 | 48 | 54% | 23% | 23% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms agreed with suppliers as part of contract negotiations. The most commonly used 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
60
Howden has a dedicated Finance Operations Team, which is reachable by phone and email. Suppliers with invoice disputes contact this team and if the team is not able to resolve they escalate the issue to the Finance Operations Manager. The Finance Operations Team work with the supplier to resolve promptly.
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?
No information available
DUAL Corporate Risks Limited is a UK-registered insurance business (SIC 65120, non-life insurance) based in London. It trades as part of DUAL, a managing general agent (MGA) that designs and underwrites insurance products on behalf of carrier partners, working through brokers rather than directly with customers. DUAL Group, of which this entity forms part, operates in 21 countries offering more than 70 insurance product lines and is itself part of the wider Howden group, a large international insurance organisation. The UK entity's role sits within this global underwriting network, supporting broker relationships and carrier partnerships rather than trading independently under its registered name in the market.
Generated from the company's website and Companies House records. Sources: dualcorporaterisks.com · dualcorporaterisks.com · dualcorporaterisks.com