From Jan 2023 to June 2023, there was no data available for CFC GROUP LIMITED. However, from July 2023 to December 2023, the company had an average time to pay of 0 days, with 100% of invoices paid within 30 days, 0% paid between 31 and 60 days, and 0% paid later than 60 days. This shows a significant improvement in their payment process.
Based on the available data, there is no significant volatility in the payment process of CFC GROUP LIMITED. The company consistently pays invoices within 30 days, with no instances of invoices being paid later than 60 days.
From Jan 2023 to June 2024, CFC GROUP LIMITED has shown a consistent trend of paying invoices within 30 days and maintaining a 0-day average time to pay. There was a significant improvement in their payment process from July 2023 to December 2023, with 100% of invoices being paid within 30 days, and no invoices being paid later than 60 days. However, in the next period, there was a slight increase in the percentage of invoices paid between 31 and 60 days, indicating a possible delay in payment for some invoices.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 |
CFC Group Limited is a holding company registered in London, incorporated in November 2021, within the wider CFC group. The group operates as a specialist insurance provider, best known for cyber insurance, professional liability and management liability products, alongside cover for emerging risks such as fintech, digital healthcare, intellectual property and media exposures. It also runs a broker platform, Connect, using automation and data science to streamline quoting. The group states its products are used by over 250,000 businesses worldwide. As a holding entity, CFC Group Limited itself does not trade directly with customers but sits above the operating insurance businesses within the wider corporate structure.
Generated from the company's website and Companies House records. Sources: cfc.com