Industry ranking
Score of 100/100 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 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 3 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 6 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 6 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 6 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 5 | 100% | 0% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 3 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 4 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 4 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 7 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 9 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 6 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company does not use standard payment terms. The Company accepts the payment terms of its suppliers in the majority of cases, but will seek to negotiate payment terms of 30 days if a supplier proposes shorter terms for a contract that is considered material to the Company. The most frequently used payment terms by the Company’s suppliers are 30 days. The Company does not routinely seek early settlement discounts.
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
Invoices should be addressed to either the appropriate TransRe contact or Accounts Payable at: Finance Department – Accounts Payable, TransRe London Services Limited, Corn Exchange, 55 Mark Lane, London, EC3R 7NE. Disputes should be escalated to the Chief Financial Officer at the above address, with a copy to the Head of Legal at the same address.
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
TransRe London Limited is named as one of the operating entities of TransRe, the reinsurance business headquartered in New York and led by Transatlantic Holdings, Inc. The wider group provides treaty and facultative reinsurance capacity across property and casualty exposures, covering lines such as accident and health, aviation and marine, cyber, energy, property and casualty. The group states it is a member of the Berkshire Hathaway group of companies. TransRe London Limited represents the group's UK presence, incorporated in 2013 and registered under the non-life reinsurance classification. It forms part of a global network offering underwriting expertise, claims handling and catastrophe modelling to insurers and brokers, rather than operating as an independent standalone reinsurer.
Generated from the company's website and Companies House records. Sources: transre.com · transre.com