ARDONAGH SERVICES LIMITED
Company Information
- Company Number
- 07476462
- Registered Address
- 2 Minster Court, Mincing Lane, London, United Kingdom, EC3R 7PD
- Status
- Active
- Employee Count
- 179.0
- Turnover
- 18255000.0
- EBITDA
- -26333000.0
Additional Details
- Website
- https://towergate.com
- Company Type
- Private limited Company
- Incorporated On
- 22 December 2010
- Nature of Business
- 64205 - Activities of financial services holding companies$74990 - Non-trading company
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 28 | 68% | 24% | 8% | 39% |
| 01 Jan 2023 - 31 Jul 2023 | 31 Jul 2023 | 38 | 54% | 33% | 12% | 50% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 23 | 67% | 25% | 8% | 53% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 34 | 48% | 42% | 10% | 57% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 33 | 55% | 33% | 12% | 73% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 34 | 48% | 40% | 12% | 78% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 29 | 57% | 34% | 9% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 38 | 36% | 49% | 15% | 73% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 36 | 33% | 61% | 6% | 53% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 35 | 39% | 52% | 9% | 58% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 33 | 56% | 38% | 6% | 70% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 40 | 39% | 49% | 12% | 65% |
Company Summary
ARDONAGH SERVICES LIMITED is a leading insurance brokerage and risk management company based in the United Kingdom
Founded in 2017, the company offers a wide range of insurance products and services to individuals and businesses
The company's sustainability program focuses on reducing their environmental impact through various initiatives such as promoting green office practices, using renewable energy sources, and reducing carbon emissions
They also support local communities and charities through their corporate social responsibility efforts
ARDONAGH SERVICES LIMITED offers a variety of insurance products including motor, home, travel, and commercial insurance
They also provide risk management services to help businesses mitigate potential risks and protect their assets
The company is led by a team of experienced professionals, including CEO David Ross, who have extensive knowledge and expertise in the insurance industry
For more information, customers can visit the company's website at www.ardonaghservices.com
The registered office address for ARDONAGH SERVICES LIMITED is at The Observatory, Reigate, Surrey, RH2 0SG
Customers can also contact the company via email at info@ardonaghservices.com or through their 24/7 customer service hotline at 0800 783 7448
Company Review
Trend Analysis
The average time taken for ARDONAGH SERVICES LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The percentage of invoices paid within 30 days has remained relatively consistent, with a peak in 2022 and a slight decrease in 2023. The percentage of invoices paid between 31 and 60 days has also remained consistent, with a peak in 2022 and a slight decrease in 2023. However, there has been a significant increase in the percentage of invoices paid later than 60 days in 2023 compared to the previous periods.
Summary Analysis
Overall, there has been a slight increase in the average time taken for ARDONAGH SERVICES LIMITED to pay invoices over the past three periods. The company has consistently paid a high percentage of invoices within 30 days, with a peak in 2022. However, there has been a noticeable increase in the percentage of invoices paid later than 60 days in 2023, highlighting a potential issue with delayed payments. The shortest (or only) standard payment period has remained consistent at 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
All undisputed payments will be made within 30 days of receipt of a correct, valid and complete invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Complaints by suppliers are generally resolved through an escalated good faith negotiation procedure. Any resolution is specific to and agreed upon with each supplier.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
