XL CATLIN SERVICES SE

Company Information

Company Number
SE000103
Registered Address
20 Gracechurch Street, London, EC3V 0BG
Status
Closed\n — Transfer from UK
Employee Count
2,436
Turnover
£807,070,000
EBITDA
£25,195,000

Additional Details

Company Type
European public limited liability company (SE)
Nature of Business
66220 - Activities of insurance agents and brokers
Industries
Financial Services
Region
London

Time to Pay

Average Time to Pay
30 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
71%
31-60 Days
19%
After 60 Days
10%
Not Paid Within Terms10%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-01-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2019 - 31 Dec 201929 Jan 20203071%19%10%10%
01 Jan 2019 - 30 Jun 201929 Jul 20192969%21%10%10%
01 Jul 2018 - 31 Dec 201829 Jan 20193071%19%10%10%
01 Jan 2018 - 30 Jun 201826 Jul 20183372%17%11%11%

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 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

Dispute Resolution Process

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.

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

XL Catlin Services SE is a global insurance and reinsurance company that provides a wide range of services to its clients. The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact.

The company offers a variety of products and services, including property and casualty insurance, professional liability insurance, and specialty insurance solutions. They also provide risk management services and consulting to help businesses mitigate potential risks.

XL Catlin Services SE is committed to sustainability and has a dedicated program in place to promote responsible business practices. They have set goals to reduce their carbon footprint, increase their use of renewable energy sources, and promote sustainable development within their operations.

The key people at XL Catlin Services SE include CEO Mike McGavick and Chairman of the Board, Eugene McQuade. They are supported by a team of experienced professionals and industry experts.

The company's website address is www.xlcatlin.com, where customers can find information about their products and services, as well as their sustainability program. XL Catlin Services SE's registered office address is at 20 Gracechurch Street, London, EC3V 0BG, United Kingdom.

In summary, XL Catlin Services SE is a global insurance and reinsurance company with a strong focus on sustainability. They offer a wide range of products and services and have a dedicated program to promote responsible business practices. With experienced leadership and a commitment to sustainability, XL Catlin Services SE is a trusted partner for businesses seeking risk management and insurance solutions.

Financial Metrics

Cash
£0
Net Worth
£39,416,168
Total Current Assets
£264,686,434
Total Current Liabilities
£224,527,991

Company Location