| 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 2019 - 31 Dec 2019 | 29 Jan 2020 | 30 | 71% | 19% | 10% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 29 | 69% | 21% | 10% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 30 | 71% | 19% | 10% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 33 | 72% | 17% | 11% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard payment terms for qualifying contracts are payment within 30 days of the date of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
All payment periods stated above run from the date of the invoice.
Maximum contractual payment period agreed
60
Suppliers should communicate any disputes or concerns to their business contact in the first instance. If the issue cannot be resolved at this level within a reasonable period, the issue will be escalated to senior management of the Company who will negotiate in good faith to resolve the dispute. If the dispute remains unresolved, more formal dispute resolution procedures shall be considered in accordance with contractual terms and/or the applicable law.
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
XL CATLIN SERVICES SE is a closed\n — transfer from uk european public limited liability company (se), based in the London region. Registered business activity: Activities of insurance agents and brokers.
From Companies House records.