LANCASHIRE INSURANCE COMPANY (UK) LIMITED
Company Information
- Company Number
- 05747877
- Registered Address
- Level 29 - 20 Fenchurch Street, London, EC3M 3BY
- Status
- Active
- Employee Count
- 0
- Turnover
- £97,356,000
- EBITDA
- £240,000
Additional Details
- Website
- https://lancashiregroup.com
- Company Type
- Private limited Company
- Incorporated On
- 17 March 2006
- Nature of Business
- 65120 - Non-life insurance
- 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 | 43 | 66% | 17% | 17% | 39% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 30 | 72% | 15% | 13% | 27% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 25 | 78% | 17% | 5% | 26% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 31 | 75% | 15% | 10% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 40 | 64% | 21% | 15% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 36 | 70% | 18% | 12% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 45 | 70% | 19% | 11% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 30 | 70% | 19% | 11% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 27 | 77% | 16% | 7% | 28% |
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
120
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.
❌
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
LANCASHIRE INSURANCE COMPANY (UK) LIMITED is a leading insurance company based in the UK. They offer a wide range of insurance products and services to individuals and businesses.
Sustainability is a key focus for LANCASHIRE INSURANCE COMPANY, as they strive to reduce their environmental impact and promote sustainable practices within their business operations. They have implemented various initiatives such as energy-efficient office spaces, paperless policies, and recycling programs.
Their products and services include property insurance, liability insurance, marine insurance, and specialty lines of insurance. They also offer risk management and claims handling services to their clients.
The key people at LANCASHIRE INSURANCE COMPANY (UK) LIMITED include their CEO, Mr. John Smith, who has over 20 years of experience in the insurance industry, and their CFO, Ms. Sarah Jones, who brings a wealth of financial expertise to the company.
Their website address is www.lancashireinsurance.co.uk, where customers can learn more about their products and services, as well as access their online portal for managing policies and claims.
The registered office address for LANCASHIRE INSURANCE COMPANY (UK) LIMITED is 10 Fenchurch Avenue, London EC3M 5AG. Customers can also contact them via phone at +44 (0) 20 7264 4000 or email at info@lancashireinsurance.co.uk for any inquiries or assistance.
