NFU MUTUAL SERVICE COMPANY LIMITED
Company Information
- Company Number
- 05311498
- Registered Address
- Tiddington Road, Stratford-Upon-Avon, Warwickshire, CV37 7BJ
- Status
- Active
- Employee Count
- 4,483
- Turnover
- £300,696,000
- EBITDA
- -£1,382,000
Additional Details
- Website
- https://nfumutual.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 13 December 2004
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- West Midlands
Company Review
Trend Analysis
The data shows a consistent trend of the average time taken for NFU MUTUAL (SERVICE COMPANY) LIMITED to pay invoices to suppliers increasing over time. This is reflected in the increasing percentages of invoices paid later than 60 days and not paid within agreed terms.
Volatility Analysis
There is some volatility in the data, with slight fluctuations in the percentages of invoices paid within 30 days and between 31 and 60 days. However, the overall trend of increasing payment time is clear.
Summary Analysis
Looking at the data for the past three periods, we can see that there has been a steady increase in the average time taken for NFU MUTUAL (SERVICE COMPANY) LIMITED to pay invoices to suppliers. In the most recent period of 2021-01-01 to 2021-06-30, the average time to pay was 48.5 days, an increase of 4.5 days compared to the previous period. This is reflected in the increase in invoices paid later than 60 days, which went from 20.9% to 25.4%. The percentage of invoices not paid within agreed terms also increased from 22.2% to 26.8%.
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 | 23 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 |
Payment Time Trends
Payment Distribution Trends
Company Summary
NFU Mutual (Service Company) Limited is a UK-based insurance and financial services company that was founded in 1910. It is a mutual company, which means that it is owned by its members rather than shareholders, and its main focus is on providing insurance products and services to rural communities and businesses.
The company's sustainability program is aimed at reducing its environmental impact and promoting ethical and responsible business practices. They have implemented various initiatives such as recycling, energy efficiency measures, and promoting sustainable farming practices to their members. They also support local community projects and charities through their Mutual Community Fund.
NFU Mutual offers a range of insurance products including home, motor, business, and agricultural insurance. They also provide investment and pension services, as well as financial planning advice to their customers.
The key people at NFU Mutual include the CEO, Lindsay Sinclair, and the Chairman, Richard Percy. They have a team of experienced insurance professionals and financial advisors who are dedicated to providing excellent customer service.
The registered office address for NFU Mutual is Tiddington Road, Stratford-upon-Avon, Warwickshire, CV37 7BJ. They can be contacted by phone at 0808 278 2195 or through their website, www.nfumutual.co.uk. Their customer service team is available 24/7 to assist with any enquiries or claims.
In summary, NFU Mutual (Service Company) Limited is a sustainable and customer-focused insurance and financial services company, with a strong commitment to supporting rural communities and promoting responsible business practices. With a range of products and services, and a dedicated team of professionals, they continue to serve their members and customers with integrity and excellence.
