BRITISH GAS INSURANCE LIMITED
Company Information
- Company Number
- 06608316
- Registered Address
- Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD
- Status
- Active
- Employee Count
- 0
- Turnover
- £812,455,000
- EBITDA
- £51,465,000
Additional Details
- Website
- https://centrica.com
- Company Type
- Private limited Company
- Incorporated On
- 2 June 2008
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- 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 | 55 | 0% | 95% | 5% | 9% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 55 | 7% | 91% | 2% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 57 | 8% | 79% | 13% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 74 | 44% | 15% | 41% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 45 | 49% | 3% | 48% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 24 | 67% | 3% | 30% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 5 | 100% | 0% | 0% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 35 | 56% | 20% | 24% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 40% | 43% | 17% | 36% |
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
We have standard payment terms of 60 days, however all suppliers categorised as Micro and Small are paid on 30 days terms. Sub-contractor are typically paid with 28 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and should include supplier details, purchase order number invoice number, invoice date and payment instructions, as well as the Centrica point of contact who requested the goods or services. Invoices should be issued electronically to centrica.jewel.live@boxit.co.uk Invoices issued without the above details may not be accepted and may be returned for amendment before being processed.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any disputes the suppliers should contact their specific contact Accounts Payable Group Group.accountspayable@centrica.com. The Accounts Payable team will consider the complaint and respond accordingly. Should an escalation occur an email to apescalation@centrica.com should be sent and the AP team will respond.
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
British Gas Insurance Limited is a British-based insurance company that offers a range of insurance products and services. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's sustainability program includes reducing carbon emissions, promoting energy efficiency, and investing in renewable energy sources. They also have a recycling and waste management program in place to minimize their waste production.
British Gas Insurance Limited offers various insurance products, including home insurance, boiler insurance, and landlord insurance. They also have a range of energy-efficient products and services, such as smart thermostats and solar panels, to help customers reduce their energy consumption.
The key people at British Gas Insurance Limited include the CEO, Mark Hodges, and the Managing Director, Ian Peters. The company has a dedicated customer service team that can be contacted through their website or by phone.
The company's website, www.britishgas.co.uk/insurance, provides information about their products and services, as well as their sustainability program. Their registered office address is Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD, United Kingdom.
In summary, British Gas Insurance Limited is a leading insurance company in the UK that is committed to sustainability. They offer a variety of insurance products and services, as well as energy-efficient solutions to help customers reduce their carbon footprint. With a dedicated team and a strong focus on sustainability, British Gas Insurance Limited is a reliable and responsible choice for insurance needs.
