AXA XL INSURANCE COMPANY UK LIMITED

PaymentCheck Score 2025
87Good
4.7vs last year
#1216 in UK
#253 in Financial Services
#543 in London

Company Information

Company Number
05328622
Registered Address
20 Gracechurch Street, London, EC3V 0BG
Status
Active
Employee Count
0
Turnover
£293,251,000
EBITDA
£28,683,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 January 2005
Nature of Business
65120 - Non-life insurance
Industries
Financial Services
Region
London

Time to Pay

Average Time to Pay
21 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
88%
31-60 Days
10%
After 60 Days
2%
Not Paid Within Terms2%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20252988%2%10%10%
01 Jul 2024 - 31 Dec 202429 Jan 20252188%10%2%2%
01 Jan 2024 - 30 Jun 202429 Jul 20242283%17%0%0%
01 Jan 2023 - 30 Jun 202327 Jul 20233880%10%10%10%
01 Jan 2021 - 30 Jun 202127 Jul 20214837%29%34%34%
01 Jul 2019 - 31 Dec 201929 Jan 20201597%3%0%0%
01 Jan 2019 - 30 Jun 201929 Jul 20192580%14%6%6%
01 Jul 2018 - 31 Dec 201829 Jan 20191288%8%4%4%
01 Jan 2018 - 30 Jun 201826 Jul 20182780%10%10%10%

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

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

Dispute Resolution Process

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.

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

AXA XL INSURANCE COMPANY UK LIMITED is a leading insurance company that provides a wide range of insurance products and services to businesses and individuals in the UK. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility.

The company offers a variety of insurance products, including property, casualty, motor, professional indemnity, and cyber insurance. They also provide risk management services to help businesses identify and mitigate potential risks.

One of the key people at AXA XL INSURANCE COMPANY UK LIMITED is CEO Paul Jardine. He has been with the company for over 20 years and has a wealth of experience in the insurance industry.

In terms of sustainability, AXA XL INSURANCE COMPANY UK LIMITED has set ambitious targets to reduce its carbon footprint, increase the use of renewable energy, and promote diversity and inclusion within the company. They also support various environmental and social causes through their corporate social responsibility initiatives.

The registered office address for AXA XL INSURANCE COMPANY UK LIMITED is 20 Gracechurch Street, London, EC3V 0BG. Their website address is www.axaxl.com/uk. Customers can contact the company through their website or by calling their customer service number listed on their website.

In conclusion, AXA XL INSURANCE COMPANY UK LIMITED is a reputable insurance company that offers a wide range of products and services while also prioritizing sustainability and social responsibility. With a strong leadership team and a commitment to making a positive impact, the company continues to be a trusted choice for insurance solutions in the UK.

Financial Metrics

Cash
£52,071,000
Net Worth
£331,265,000
Total Current Assets
£713,122,000
Total Current Liabilities
£555,917,000

Company Location