Industry ranking
Score of 95.79/100 qualifies for PaymentCheck Certification
| 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 Sept 2025 - 28 Feb 2026 | 31 Mar 2026 | 19 | 95% | 4% | 1% | 5% |
| 01 Mar 2025 - 31 Aug 2025 | 29 Sept 2025 | 20 | 96% | 1% | 3% | 4% |
| 01 Sept 2024 - 28 Feb 2025 | 25 Mar 2025 | 15 | 98% | 1% | 1% | 2% |
| 01 Mar 2024 - 31 Aug 2024 | 30 Sept 2024 | 15 | 97% | 2% | 1% | 3% |
| 01 Sept 2023 - 29 Feb 2024 | 28 Mar 2024 | 20 | 95% | 3% | 2% | 5% |
| 01 Mar 2023 - 31 Aug 2023 | 28 Sept 2023 | 19 | 93% | 4% | 3% | 7% |
| 01 Sept 2022 - 28 Feb 2023 | 29 Mar 2023 | 20 | 81% | 15% | 4% | 19% |
| 01 Mar 2022 - 31 Aug 2022 | 03 Oct 2022 | 18 | 91% | 8% | 1% | 9% |
| 01 Jul 2021 - 28 Feb 2022 | 31 Mar 2022 | 18 | 95% | 4% | 2% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 23 | 88% | 9% | 4% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 10 Jan 2021 | 11 | 96% | 3% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Jul 2020 | 9 | 98% | 2% | 0% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | 12 | 96% | 4% | 0% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 15 | 96% | 3% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 14 | 96% | 3% | 1% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 13 | 98% | 2% | 0% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are typically 30 days from the invoice date. However, depending on the company's policies and agreement, it can be up to 60 days. We aim to process all the payments within the agreed terms to maintain positive relationship with all our suppliers.
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
If it has been flagged that payment has not been made within 30 days, this is then raised as a priority with the operational manager to investigate the reason. After the investigation has taken place, either the payment is made immediately, or a response is returned to the person making the complaint to explain why a payment has not been made and what the next steps will be.
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
Tesco Underwriting Limited is a non-life insurance company registered in England, originally incorporated as Shoo 471 Limited in 2009 before adopting its current name. Companies House records its nature of business as non-life insurance. Public register filings show it is controlled by Tesco Personal Finance Group Limited, with earlier control held by Ageas (UK) Limited and Tesco Personal Finance Limited, indicating it operates as part of a joint arrangement between Tesco's financial services business and an insurance group. It holds leasehold property interests in Surrey and is registered with the Information Commissioner's Office as a data protection fee payer. The company remains active, filing accounts and confirmation statements as required.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk