| 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 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 27 | 93% | 7% | 0% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Aioi Nissay Dowa Insurance Company of Europe plc does not have a standard payment terms but usually the payments are made within the standard terms of the respective suppliers. (within 7 days/ 14 days/ 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
30
On notification of a complaint: contact supplier, investigate complaint, request copies of any missing documentation and/or, investigate the processing stage, resolve or, communicate issues to resolve.
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.
❌
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
AIOI Nissay Dowa Insurance Company of Europe PLC was a UK registered insurer, incorporated in 2004 and based in London. It operated in non-life insurance and non-life reinsurance, having been known previously as Rainbowgrange Limited and then Aioi Motor and General Insurance Company of Europe Limited before adopting the Aioi Nissay Dowa name. The company's status at Companies House is recorded as converted and closed, with that change taking effect in August 2018. No further trading details or successor entity are given in the available records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk