The average time taken for RENAISSANCERE CORPORATE CAPITAL (UK) LIMITED to pay invoices to suppliers has increased from 10 days in 2018 to 30 days in 2020. This is a significant increase of 200% over a period of 2 years.
The company has consistently paid 100% of their invoices within 30 days, with no invoices paid between 31 and 60 days or later than 60 days. This shows a stable and reliable payment pattern.
| 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 2023 - 31 Dec 2023 | 25 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 0 | 0% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 30 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 30 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 10 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Dec 2019 | 10 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Dec 2019 | 10 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Dec 2019 | 10 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company has very few qualifying contracts and accordingly there are no ‘standard’ payment terms. Payments are typically settled on receipt of the invoice or relevant service
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
In the event of any complaints or concerns raised by suppliers, these would normally be dealt with by the accounts payable Team or relative business contact. Suppliers can contact the accounts payable team with any queries at LHR-invoice@renre.com who will ensure this is resolved by the appropriate person.
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
RENAISSANCERE CORPORATE CAPITAL (UK) LIMITED is a London-based company that provides reinsurance services to clients in the United Kingdom and Europe. They are a subsidiary of RenaissanceRe Holdings Ltd, a global reinsurance and insurance company.
The company offers a wide range of reinsurance products and services, including property, casualty, and specialty lines. They also provide risk management solutions and work closely with their clients to develop customized reinsurance programs that meet their specific needs.
One of the key focuses of RENAISSANCERE CORPORATE CAPITAL (UK) LIMITED is sustainability. They have a comprehensive sustainability program that aims to reduce their environmental impact and promote sustainable business practices. This includes efforts to reduce their carbon footprint, promote diversity and inclusion within the company, and support charitable organizations and initiatives.
The company has a team of experienced professionals who are dedicated to providing quality reinsurance services to their clients. The key people at RENAISSANCERE CORPORATE CAPITAL (UK) LIMITED include CEO Kevin O'Donnell, Chief Underwriting Officer Ross Curtis, and Chief Risk Officer Andrew Godden.
For more information about their products and services, interested individuals can visit their website at www.renre.com. The registered office address for RENAISSANCERE CORPORATE CAPITAL (UK) LIMITED is 3rd Floor, 1 Great St Helen's, London, EC3A 6HX.