ARCH EUROPE INSURANCE SERVICES LTD
Company Information
- Company Number
- 06645619
- Registered Address
- 60 Great Tower Street, London, England, EC3R 5AZ
- Status
- Active
- Employee Count
- 994
- Turnover
- £209,931,000
- EBITDA
- £6,135,000
Additional Details
- Website
- https://archinsurance.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 14 July 2008
- 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 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 21 | 81% | 18% | 1% | 19% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 26 | 66% | 32% | 2% | 34% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 17 | 92% | 8% | 0% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 19 | 93% | 6% | 1% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 12 | 96% | 4% | 0% | 4% |
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
Generally, our payment terms are 30 days. However, we do agree shorter terms with some suppliers (i.e. recruitment based invoices).
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
Any payment based complaint will initially be handled by the Accounts Payable team and ideally communicated with the supplier within 3-5 days. However, any escalation of this would then involve a member of the senior management team (i.e. CFO). Any final resolution would expect to take place within 10-14 days
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
ARCH EUROPE INSURANCE SERVICES LTD is a leading insurance company in Europe that offers a wide range of insurance products and services to its clients. The company is committed to sustainability and has a strong focus on environmental, social and governance factors in its operations.
Their sustainability program includes measures such as reducing their carbon footprint, promoting responsible investing, and engaging with stakeholders to ensure ethical and transparent business practices. They also have a strong focus on diversity and inclusivity within their workforce.
The company provides insurance solutions for various industries, including property and casualty, professional liability, and marine and energy. They also offer specialty insurance products such as cyber risk, aviation, and fine art insurance.
The key people at ARCH EUROPE INSURANCE SERVICES LTD include CEO James Slaughter, Chief Underwriting Officer Mark Lawson, and Chief Financial Officer Peter Bolgar. They have a team of experienced and knowledgeable professionals who are dedicated to providing excellent service to their clients.
The registered office address for ARCH EUROPE INSURANCE SERVICES LTD is 20 Fenchurch Street, London, EC3M 3BY, United Kingdom. Their website address is www.archinsurance.eu where customers can access information on their products and services, as well as contact details for inquiries or claims.
In summary, ARCH EUROPE INSURANCE SERVICES LTD is a reputable insurance company in Europe that prioritizes sustainability and offers a diverse range of insurance products and services. With a strong leadership team and commitment to responsible business practices, the company is a trusted choice for clients in need of insurance solutions.
