TOWERS WATSON LIMITED
Company Information
- Company Number
- 05379716
- Registered Address
- Watson House, London Road, Reigate, Surrey, RH2 9PQ
- Status
- Active
- Employee Count
- 3,525
- Turnover
- £541,786,000
- EBITDA
- £61,112,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 March 2005
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 45 | 14% | 81% | 5% | 52% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 47 | 16% | 77% | 7% | 50% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 47 | 14% | 76% | 10% | 53% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 45 | 16% | 78% | 6% | 51% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 45 | 23% | 68% | 9% | 46% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 45 | 29% | 64% | 7% | 46% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 141 | 14% | 57% | 29% | 70% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 36 | 37% | 58% | 5% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 40 | 33% | 59% | 8% | 67% |
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 contractual payment terms for all qualifying contracts are payments within 30 days after the date of invoice. Other payment terms may apply. Agreed payment terms are reflected in our contractual documentation and accounting system.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payments only fall due in our accounting system once terms are exceeded. The overdue statistics include a large proportion of invoices that were settled within a few working days of the due date.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Payment processing is managed by the Accounts Payable function and any supplier queries are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant colleague to ensure satisfactory resolution for both the supplier and the Company.
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.
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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
Company Summary
Towers Watson Limited is a global professional services company that specializes in risk management, insurance, and human resource consulting. The company was formed in 2010 through the merger of Towers Perrin and Watson Wyatt.
Their sustainability program is focused on reducing their environmental impact, promoting diversity and inclusion, and supporting communities. They have set targets to reduce their carbon emissions, increase the diversity of their workforce, and donate a certain percentage of their profits to charitable causes.
Their products and services include risk and financial management, insurance brokerage, employee benefits consulting, and talent management. They work with clients to identify and mitigate risks, design and implement employee benefit plans, and develop strategies to attract, retain, and develop top talent.
The key people at Towers Watson Limited include John Haley, the CEO, and Roger Millay, the CFO. They also have a team of experienced consultants and advisors who work closely with clients to provide personalized solutions.
Their website address is www.towerswatson.com and their registered office address is 71 High Holborn, London, WC1V 6TP, United Kingdom. They have offices in over 120 countries, making them a truly global company.
