ARCH INSURANCE (UK) LIMITED
Company Information
- Company Number
- 04977362
- Registered Address
- 5th Floor 60 Great Tower Street, London, England, EC3R 5AZ
- Status
- Active
- Employee Count
- 395
- Turnover
- £60,718,000
- EBITDA
- £30,862,000
Additional Details
- Website
- https://archinsurance.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 26 November 2003
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
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 | 29 Jan 2025 | 15 | 94% | 5% | 1% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 19 | 80% | 19% | 1% | 20% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 10 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 16 | 93% | 6% | 1% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 12 | 94% | 5% | 1% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 14 | 96% | 3% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 14 | 93% | 4% | 3% | 7% |
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
Generally, our payment terms are 30 days. However, we do agree shorter terms with some suppliers (i.e. recruitment based invoices).
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
120
Dispute Resolution Process
Any payment based complaint will initially be handled by the Accounts Payable team and ideally communicated with the supplier within 3-5 days. However, any escalation of this would then involve a member of the senior management team (i.e. CFO). Any final resolution would expect to take place within 10-14 days
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
ARCH INSURANCE (UK) LIMITED is a UK-based insurance company that provides a wide range of insurance products and services. The company has a strong focus on sustainability and is committed to promoting environmentally friendly practices.
Their sustainability program includes initiatives such as reducing their carbon footprint, promoting green transport, and implementing energy-saving measures in their offices. They also encourage their employees to participate in volunteering and charitable activities, supporting local communities and social causes.
The company offers a variety of insurance products, including commercial property, liability, and professional lines insurance. They also provide specialty insurance solutions for industries such as construction, energy, and marine.
Some key people in the company include David Murray, the Chief Executive Officer, and Mark Patten, the Head of Claims. They have a team of experienced professionals who are dedicated to providing excellent customer service and innovative insurance solutions.
ARCH INSURANCE (UK) LIMITED can be contacted through their website, which is user-friendly and provides detailed information about their products and services. Their registered office address is located at 100 Leadenhall Street, London, EC3A 3BP.
In conclusion, ARCH INSURANCE (UK) LIMITED is a reputable insurance company that values sustainability and offers a diverse range of insurance products. With their experienced team and commitment to social responsibility, they continue to be a trusted choice for individuals and businesses in the UK.
