MILLER INSURANCE SERVICES LLP

PaymentCheck Score 2025
92Excellent
1.6vs last year
#770 in UK
#20 in Creative
#368 in London

Company Information

Company Number
OC301468
Registered Address
70 Mark Lane, London, EC3R 7NQ
Status
Active
Employee Count
664
Turnover
£146,573,000
EBITDA
£33,858,000

Additional Details

Company Type
Limited liability partnership
Incorporated On
12 February 2002
Industries
Creative,Media And Publishing,Environment,Agriculture And Waste,Financial Services,Lifestyle And Entertainment,Property,Infrastructure And Construction,Travel And Transportation
Region
London

Time to Pay

Average Time to Pay
15 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
92%
31-60 Days
5%
After 60 Days
3%
Not Paid Within Terms11%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202501 Sept 20252291%6%3%9%
01 Jul 2024 - 31 Dec 202413 Feb 20252596%2%2%12%
01 Jan 2024 - 30 Jun 202430 Jul 20241592%5%3%11%
01 Jul 2023 - 31 Dec 202330 Jan 20241685%12%3%19%
01 Jan 2022 - 31 Jul 202231 Jul 20222390%7%3%17%
01 Jan 2021 - 30 Jun 202129 Jul 20212285%10%5%23%
01 Jul 2020 - 31 Dec 202030 Jan 20212680%12%8%26%
01 Jul 2018 - 31 Dec 201829 Jan 20192091%7%2%20%
01 Jan 2018 - 30 Jun 201830 Jul 20182289%8%3%18%

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 most common payment term is 30 days from the invoice date. a payment run is processed each week, for which an invoice will be included after it has been approved regardless of the payment terms.

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

60

Dispute Resolution Process

If the dispute is regarding the product or service this will be resolved by the relevant department through negotiation with the supplier. Accounts Payable are informed of any disputes via phone or email.

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

MILLER INSURANCE SERVICES LLP is a leading insurance brokerage firm based in London, UK. They offer a wide range of insurance products and services to individuals, businesses, and organizations.

Their sustainability program focuses on reducing their environmental impact by implementing sustainable practices such as using recyclable materials, reducing energy consumption, and promoting green transportation. They also have a strong commitment to social responsibility by supporting various charitable causes and promoting diversity and inclusion within their company.

Some of their key products and services include commercial insurance, property and casualty insurance, marine insurance, and specialty risk solutions. They also offer risk management and consulting services to help clients mitigate potential risks and protect their assets.

The key people at MILLER INSURANCE SERVICES LLP include their executive team, led by CEO Greg Collins, who has over 30 years of experience in the insurance industry. They also have a team of experienced brokers and advisors who are dedicated to providing personalized and tailored insurance solutions to their clients.

Their website, www.miller-insurance.com, provides comprehensive information about their products and services, as well as news and insights on the insurance industry. Their registered office address is 70 Mark Lane, London EC3R 7NQ, United Kingdom, and their contact number is +44 (0)20 7488 2345.

In summary, MILLER INSURANCE SERVICES LLP is a reputable and sustainable insurance brokerage firm offering a diverse range of insurance products and services. With their experienced team and strong commitment to sustainability and social responsibility, they continue to provide reliable and innovative solutions to their clients.

Financial Metrics

Cash
£224,028,000
Net Worth
£103,488,000
Total Current Assets
£318,422,000
Total Current Liabilities
£294,215,000

Company Location