There is a consistent trend of improvement in the average time taken for UNDERWRITEME TECHNOLOGY SOLUTIONS LIMITED to pay invoices to suppliers. From the first period (Jan 2018-Jun 2018) to the last period (Jul 2019-Jun 2020), there is a decrease in the average time taken to pay by 9.1%. Additionally, there is a consistent increase in the percentage of invoices paid within 30 days, with a 20% increase from the first period to the last period.
The data for this company shows a relatively stable trend with regards to the percentage of invoices paid within 30 days, with only a 10% difference between the highest and lowest percentages. However, there is a more significant difference in the percentage of invoices paid later than 60 days, with a 10% decrease from the first period to the last period.
From Jan 2018 to Jun 2020, there has been a consistent improvement in the average time taken for UNDERWRITEME TECHNOLOGY SOLUTIONS LIMITED to pay invoices to suppliers, with a decrease of 9.1%. The percentage of invoices paid within 30 days has also consistently increased, with a 20% increase from the first period to the last period. The worst period for this company was the first period, with 20% of invoices paid later than 60 days.
| 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 Jan 2018 - 30 Jun 2018 | 14 Aug 2018 |
UnderwriteMe Technology Solutions Limited trades as UnderwriteMe, providing software platforms for the life insurance sector. It develops a Decision Platform that helps insurers automate underwriting and claims processing, aiming to increase point of sale decision rates while cutting manual costs. It also offers a Protection Platform for financial advisers, giving them access to comparable underwriting philosophies, product details and pricing from multiple insurers in one place, so they can select suitable policies for clients more quickly. The company is registered in London and describes its aim as making life insurance simpler and more accessible for insurers, advisers and customers.
Generated from the company's website and Companies House records. Sources: underwriteme.co.uk · underwriteme.co.uk