Industry ranking
Score of 80.6/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 40 | 78% | 0% | 22% | 22% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 29 | 88% | 2% | 10% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 21 | 88% | 10% | 2% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 22 | 83% | 17% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 30 | 82% | 16% | 2% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 38 | 80% | 10% | 10% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 65 | 55% | 24% | 21% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 52 | 37% | 45% | 18% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 48 | 37% | 29% | 34% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 37 | 70% | 12% | 18% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 15 | 97% | 3% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 80% | 14% | 6% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 12 | 88% | 8% | 4% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 27 | 80% | 10% | 10% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard payment terms for qualifying contracts are payment within 45 days of the date of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
All payment periods stated above run from the date of the invoice.
Maximum contractual payment period agreed
60
Suppliers should communicate any disputes or concerns to the business contact in the first instance. If the issue cannot be resolved at this level within a reasonable period, the issue will be escalated to senior management of the Company who will negotiate in good faith to resolve the dispute. If the dispute remains unresolved, more formal dispute resolution procedures shall be considered in accordance with contractual terms and/or the applicable law.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
AXA XL Insurance Company UK Limited is a non-life insurance underwriter registered in London. Incorporated in 2005, it has traded previously as Catlin Insurance Services Company (UK) Ltd, Catlin Insurance Company (UK) Ltd, and XL Catlin Insurance Company UK Limited, before adopting its current name. It operates as part of the AXA XL group, forming the UK underwriting entity within that wider international insurance business. Its registered activity, per Companies House, is classified under non-life insurance. No further detail on specific product lines or customer base is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk