ARDONAGH SPECIALTY LIMITED exhibits a clear trend of delayed payments, with an average payment time of 60 days and a significant 93% of invoices paid late. Nearly half (45%) of all payments extend beyond 60 days, indicating a consistent pattern of prolonged settlement periods rather than occasional delays.
Payment reliability is exceptionally low, as only 8% of invoices are settled within 30 days, making on-time payment highly unpredictable. The substantial proportion of payments occurring over 60 days (45%) introduces significant cash flow uncertainty for suppliers. This payment profile suggests a high risk of consistent delays, requiring suppliers to plan for extended working capital cycles.
Suppliers engaging with ARDONAGH SPECIALTY LIMITED should anticipate a consistent 60-day or longer payment cycle, given that 93% of invoices are paid late. A key decision factor is the supplier's ability to absorb prolonged payment terms without impacting their own liquidity. Risk mitigation strategies should consider negotiating stricter payment terms, requesting partial upfront payments, or adjusting pricing to account for extended payment float.
| 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 | 27 Jan 2026 | 55 | 9% | 72% | 19% | 92% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 60 | 8% | 47% | 45% | 93% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 63 | 10% | 46% | 44% | 91% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 70 | 17% | 20% | 64% | 84% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 41 | 56% | 25% | 19% | 44% |
| 01 Jan 2023 - 31 Jul 2023 | 31 Jul 2023 | 41 | 51% | 28% | 21% | 49% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 59 | 46% | 26% | 28% | 54% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 38 | 66% | 19% | 15% | 34% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 25 | 76% | 17% | 7% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 22 | 78% | 15% | 7% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 24 | 77% | 14% | 9% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 36 | 51% | 37% | 12% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 31 | 58% | 32% | 10% | 42% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 25 | 78% | 17% | 5% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 24 | 81% | 14% | 5% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 16 | 86% | 11% | 3% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
Ad hoc if a dispute arises
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?
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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
Ardonagh Specialty Limited is a London-registered entity within Ardonagh Specialty Holdings Ltd, a group of insurance broking businesses authorised and regulated by the Financial Conduct Authority. The wider group trades under names including Price Forbes, Paragon and Price Forbes Re, and its associated brokers arrange specialist insurance cover such as the BMPI scheme, a medical malpractice indemnity product for practitioners in Bermuda, working with underwriters at Allied World's Lloyd's syndicate and medico-legal advisors. Companies House records the entity's own nature of business as non-life insurance. As a registered company it forms part of the broader Ardonagh Specialty group structure rather than being a standalone trading brand itself.
Generated from the company's website and Companies House records. Sources: bmpischeme.com · bmpischeme.com · bmpischeme.com