BEAZLEY PLC
Company Information
- Company Number
- 09763575
- Registered Address
- 22 Bishopsgate, London, United Kingdom, EC2N 4BQ
- Status
- Active
- Employee Count
- 2,492
- Turnover
- £4,535,000,000
- EBITDA
- £1,186,000,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 4 September 2015
- Nature of Business
- 64205 - Activities of financial services holding companies
- 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 | 13 | 91% | 7% | 2% | 24% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 21 | 82% | 13% | 5% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 22 | 82% | 12% | 6% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 22 | 85% | 10% | 5% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 25 | 78% | 15% | 6% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 28 | 76% | 15% | 9% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 28 | 78% | 13% | 9% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 31 | 75% | 15% | 10% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 77% | 14% | 9% | 22% |
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
These payment terms are not published on our website. Our payment terms are generally 30 days from invoice tax point based on the timely submission of satisfactory invoices. Payment terms are negotiated according to the context of the services / software or goods being purchased based on risk, discount and / or commercial factors. The payment terms are reviewed as part of the overall contract review and will form part of the negotiation process with input from the business stakeholders as well as legal and commercial. Some of our suppliers will submit invoices on their own payment terms which may differ from ours. Where a supplier's payment terms are less than our standard net 30 days, we use our best endeavours to pay such invoices according to that supplier's terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
Beazley’s Commercial Management team deals with disputes about payments by working with the Contract Owner of the commodity who is responsible to resolve the complaint. Generally, the standard terms and conditions for each supplier agreement outlines dispute resolution provisions which dictate the manner and timeline in which a complaint needs to be resolved. Commercial Management maintains the log of complaints and all are reported by them in its annual update to the Operations Committee.
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
BEAZLEY PLC is a leading specialist insurer based in London, UK. The company offers a wide range of insurance products and services to businesses and individuals around the world.
As part of its commitment to sustainability, BEAZLEY PLC has implemented various initiatives to reduce its environmental impact. This includes reducing carbon emissions, promoting sustainable practices and investing in renewable energy sources. The company also supports various charities and community projects through its corporate social responsibility program.
BEAZLEY PLC offers a diverse range of insurance products, including property, casualty, marine, cyber, and reinsurance. They also provide risk management services to help clients mitigate potential risks. The company's products and services are tailored to meet the specific needs of its clients, providing them with comprehensive coverage and peace of mind.
The key people at BEAZLEY PLC include the CEO Andrew Horton, Chairman David Roberts, and the Board of Directors. The company has a team of experienced and knowledgeable insurance professionals who are dedicated to providing excellent customer service.
To learn more about BEAZLEY PLC and its products and services, interested individuals can visit their website at www.beazley.com. The company's registered office address is Plantation Place South, 60 Great Tower Street, London, EC3R 5AD, United Kingdom.
In summary, BEAZLEY PLC is a reputable and sustainable insurance company that offers a wide range of products and services to its clients. With its commitment to sustainability and experienced team, the company continues to be a leader in the insurance industry.
