Their own payment-practices filing · gov.uk

Sunderland Marine Insurance Company Limited paid suppliers in 45 days on average

CRN 00016432 · 5 statutory reports on record · period to 20 Aug 2020

Dated record. The latest report covers a period ending 20 Aug 2020 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

45daysavg time to pay · H1 2020

Their H1 2020 filing put the average at 45 days, with 74% of invoices paid outside the terms they agreed.

Paid outside agreed terms: 74% of invoices
Paid after 61+ days: 14%
Reporting period: 21 Feb 2020 – 20 Aug 2020
Source: their gov.uk filing, filed 29 Sept 2020

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2020 filing

Where 45 days sits on the clock

PAIDLATE · terms vs the clockdays to pay · 0–50

avg 45d

0 days50 days

reported avg 45 days UK median 31 days · n = 6,104 recent filers

Where their invoices landed · share of all invoices

within 30 days 61% 31–60 days 25% 61+ days 14%

Source: their statutory Payment Practices Report #36502, period 21 Feb 2020 – 20 Aug 2020, filed 29 Sept 2020 · gov.uk payment-practices service

Sunderland Marine Insurance Company Limited reported an average of 45 days. 74% of invoices still went outside agreed terms; 14% reached 61 days or more. Self-reported in their statutory H1 2020 filing.

The pattern · last 5 of 5 reports

27 → 45 days — slower across the window

PAIDLATE · the patternavg days per report

Last 5 of 5 filed reports · linear day scale · every period is in the table below · Source: gov.uk payment-practices service

18 days slower across the window. From 27 days in H1 2018 to 45 in the H1 2020 filing.

The read · computed from their figures

Sunderland Marine Insurance Company Limited's H1 2020 filing put their average at 45 days; 74% of invoices were paid outside agreed terms and 14% took 61 days or longer. Filed 29 Sept 2020.

The direction is slower: from 27 days in H1 2018 to 45 now — 18 days slower across their last 5 reports.

That is 5 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

We do not have standard payment terms and we don't impose any paymetn terms on our suppliers.

Dispute resolution

No formal dispute resolution process. Any disputes/queries would be dealt with individual suppliers as they arise.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2020	45	74%	14%	29 Sept 2020
H1 2020	26	61%	6%	19 Mar 2020
H1 2019	22	48%	1%	23 Sept 2019
H1 2019	25	73%	3%	15 Mar 2019
H1 2018	27	26%	8%	14 Sept 2018

Quick answers · Sunderland Marine Insurance Company Limited

Are they getting slower or faster?

Their reported average has moved about 18 days slower over the window (27 → 45 days).

What's their typical pay point?

Their latest filed report put the average at day 45; across their last 5 reports it ranged 22–45 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00016432 · latest period to 20 Aug 2020

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