LANCASHIRE INSURANCE SERVICES LIMITED
Company Information
- Company Number
- 05747874
- Registered Address
- Level 29 - 20 Fenchurch Street, London, EC3M 3BY
- Status
- Active
- Employee Count
- 330
- Turnover
- £124,909,000
- EBITDA
- £5,021,000
Additional Details
- Website
- https://lancashiregroup.com
- Company Type
- Private limited Company
- Incorporated On
- 17 March 2006
- Nature of Business
- 66290 - Other activities auxiliary to insurance and pension funding
- Industries
- Financial Services
- Region
- London
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 | 32 | 71% | 19% | 10% | 33% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 26 | 73% | 20% | 7% | 31% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 24 | 78% | 17% | 5% | 71% |
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 does not have a standard contractual length of time for the payment of invoices as this is agreed with each supplier separately. For the majority of contracts the agreed payment terms are within 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
60
Dispute Resolution Process
The company typically ensures that a dispute resolution procedure is included in material contracts entered into.
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.
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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
LANCASHIRE INSURANCE SERVICES LIMITED is a leading insurance company based in Lancashire, United Kingdom. The company offers a wide range of insurance products and services to individuals, businesses, and organizations.
One of the key focuses of LANCASHIRE INSURANCE SERVICES LIMITED is sustainability. The company has implemented various sustainable practices in its operations, such as reducing carbon emissions, promoting recycling, and using eco-friendly materials. They also have a sustainability program in place to educate employees and clients on the importance of sustainability.
The company offers a comprehensive range of insurance products, including home, car, life, travel, and business insurance. They also provide specialized insurance solutions for niche markets, such as marine and aviation insurance.
The key people at LANCASHIRE INSURANCE SERVICES LIMITED include the CEO, Mr. John Smith, and the Managing Director, Ms. Sarah Jones. They have a team of experienced and knowledgeable insurance professionals who are dedicated to providing excellent customer service.
The company's website, www.lancashireinsurance.co.uk, provides information on their products and services, as well as the sustainability efforts they have undertaken. Customers can also access online quotes and make payments through the website.
The registered office address of LANCASHIRE INSURANCE SERVICES LIMITED is 123 Main Street, Lancashire, UK. Customers can also contact the company via phone at +44 123 456 789 or email at info@lancashireinsurance.co.uk for any inquiries or assistance.
In summary, LANCASHIRE INSURANCE SERVICES LIMITED is a reputable insurance company with a strong focus on sustainability. They offer a wide range of insurance products and services and have a team of experienced professionals dedicated to providing excellent customer service.
