CHARLES TAYLOR INSURETECH LIMITED
Company Information
- Company Number
- 09922480
- Registered Address
- 2 Minster Court, Mincing Lane, London, United Kingdom, EC3R 7BB
- Status
- Active
- Employee Count
- 137
- Turnover
- £23,690,000
- EBITDA
- £2,558,000
Additional Details
- Website
- https://ctinsuretech.com
- Company Type
- Private limited Company
- Incorporated On
- 18 December 2015
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for CHARLES TAYLOR INSURETECH LIMITED to pay invoices has fluctuated over the three periods, with a decrease in the second period followed by an increase in the third period.
Volatility Analysis
The volatility of the percentage of invoices paid within 30 days has been high, with a significant decrease in the third period compared to the first two periods. The percentage of invoices paid between 31 and 60 days has also been volatile, with a sharp increase in the third period.
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 Jan 2023 - 30 Jun 2023 | 15 Aug 2023 | 56 | 23% | 55% | 22% | 53% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 116 | 21% | 35% | 44% | 57% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Feb 2023 | 69 | 20% | 43% | 37% | 51% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 14 | 89% | 9% | 2% | 11% |
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
45 days from the invoice date
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
60
Dispute Resolution Process
The dispute will be managed by the relevant budget holder. Legal advice/action would be obtained if necessary.
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
Charles Taylor InsureTech Limited is a leading provider of technology solutions for the insurance industry. The company offers a range of services and products that help insurance companies improve their operations and customer experience. Their sustainability program focuses on reducing their environmental impact and promoting social responsibility.
The company's key products and services include digital transformation, data and analytics, and claims management solutions. They also offer consulting services to help insurance companies navigate the rapidly changing technological landscape.
The key people at Charles Taylor InsureTech Limited include CEO Jason Sahota and COO Richard Yerbury. Both have extensive experience in the insurance and technology industries.
The company's registered office address is located in London, UK. Their website address is www.ctinsuretech.com, where customers can find more information about their products and services, as well as contact information for inquiries and support.
In conclusion, Charles Taylor InsureTech Limited is a leading technology solutions provider for the insurance industry, with a strong focus on sustainability. Their innovative products and services, along with their experienced leadership team, make them a trusted partner for insurance companies looking to improve their operations.
