ED BROKING LLP
Company Information
- Company Number
- OC339735
- Registered Address
- 2 Minster Court, Mincing Lane, London, England, EC3R 7PD
- Status
- Active
- Employee Count
- 293
- Turnover
- £24,297,000
- EBITDA
- £2,763,000
Additional Details
- Website
- https://www.edbroking.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 29 August 2008
- 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 Jan 2023 - 31 Jul 2023 | 31 Jul 2023 | 47 | 33% | 40% | 27% | 67% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 41 | 36% | 47% | 17% | 64% |
| 01 Jan 2021 - 30 Jun 2021 | 04 Aug 2021 | 51 | 19% | 51% | 30% | 81% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 33 | 53% | 40% | 7% | 51% |
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
All undisputed payments will be made within 30 days of receipt of a correct, valid and complete invoice.
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
30
Dispute Resolution Process
Any disputes are investigated, reconciled and then resolved.
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
ED Broking LLP is a leading insurance brokerage firm based in London, United Kingdom. The company was founded in 2016 and has established itself as a key player in the insurance market.
The sustainability program at ED Broking LLP focuses on reducing the company's environmental impact and promoting social responsibility. This includes initiatives such as reducing paper usage, promoting recycling, and supporting local community projects.
The company offers a wide range of insurance products and services for both commercial and personal clients. These include property and casualty insurance, marine insurance, and employee benefits. They also offer risk management solutions and claims services.
The key people at ED Broking LLP include Chief Executive Officer, Steve Hearn, and Chief Operating Officer, David Bearman. Both bring extensive experience and expertise to the company's operations.
To contact ED Broking LLP, individuals can visit their website at www.edbroking.com. The registered office address is located at 2 Minster Court, Mincing Lane, London, EC3R 7BB, United Kingdom.
In summary, ED Broking LLP is a reputable insurance brokerage firm in the UK that is committed to sustainability and providing high-quality products and services to their clients. With a strong leadership team and a focus on social responsibility, the company continues to thrive in the competitive insurance market.
