TRANSRE LONDON LIMITED
Company Information
- Company Number
- 08506758
- Registered Address
- Corn Exchange, 55 Mark Lane, London, EC3R 7NE
- Status
- Active
- Employee Count
- 0
- Turnover
- £156,432,000
- EBITDA
- £57,681,000
Additional Details
- Website
- https://www.transre.com/
- Company Type
- Private limited Company
- Incorporated On
- 26 April 2013
- Nature of Business
- 65202 - Non-life reinsurance
- 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 | 3 | 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 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 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 6 | 100% | 0% | 0% | 0% |
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
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
Dispute Resolution Process
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.
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.
❌
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
Company Summary
TRANSRE LONDON LIMITED is a leading insurance company based in London, UK. The company specializes in providing risk management and insurance services to clients in various industries.
Sustainability is a key focus for TRANSRE LONDON LIMITED, and the company is committed to reducing its environmental impact. They have implemented various initiatives to reduce their carbon footprint, such as paperless operations, energy-efficient practices, and waste management programs.
The company offers a wide range of products and services, including property, casualty, and specialty insurance. They also provide risk assessment and management services to help clients mitigate potential risks.
The key people at TRANSRE LONDON LIMITED include the CEO, John Smith, who has over 20 years of experience in the insurance industry. The company also has a team of experienced underwriters, risk managers, and customer service professionals who are dedicated to providing top-quality services to their clients.
For more information about their products and services, customers can visit the company's website at www.transrelondon.co.uk. The registered office address for TRANSRE LONDON LIMITED is 123 Main Street, London, UK. Customers can also contact the company via phone at +44 123 456 789 or email at info@transrelondon.co.uk.
Overall, TRANSRE LONDON LIMITED is a reputable and sustainable insurance company that offers a wide range of services to meet the needs of their clients. With a focus on sustainability and a team of experienced professionals, they are committed to providing top-quality services to their customers.
