Industry ranking
| 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 | 29 Jan 2024 | 47 | 43% | 36% | 20% | 57% |
| 01 Jan 2023 - 31 Jul 2023 | 31 Jul 2023 | 47 | 33% | 40% | 27% | 67% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 26 | 75% | 22% | 3% | 25% |
| 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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 32 | 47% | 48% | 5% | 53% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 30 | 53% | 44% | 3% | 47% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 33 | 56% | 38% | 6% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 33 | 53% | 40% | 7% | 51% |
This information is as reported by the business, and responses are in their own words.
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
Any disputes are investigated, reconciled and then resolved.
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.
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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.
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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.
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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
ED Broking LLP is registered in London and trades under the Price Forbes name, operating as a specialty insurance broker. The business describes itself as an independent broker active in major global reinsurance hubs, working across classes including aviation, marine, property, energy, construction, life sciences and marine risk. It arranges cover and risk management solutions for clients facing complex commercial risks, supported by proprietary digital tools and data analytics. The group states it is among the largest independent specialty brokers in the London Market and at Lloyd's, employing thousands of staff worldwide across numerous expert teams serving a broad range of industry sectors.
Generated from the company's website and Companies House records. Sources: edbroking.com