Their own payment-practices filing · gov.uk
Willis Limited pays suppliers in 48 days on average — 3 days past its stated terms
Their H1 2026 filing puts the average 3 days past the 45-day term they state.
- Their stated terms
- 45 days
- Paid outside agreed terms
- 47% of invoices
- Paid after 61+ days
- 13%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 29 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 3 days past their stated terms
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
56 → 48 days — getting faster
The read · computed from their figures
Willis Limited's H1 2026 filing puts their average at 48 days against stated terms of 45 days; 47% of invoices were paid outside agreed terms and 13% took 61 days or longer. Filed 29 Jul 2026.
The direction is faster: from 56 days in H2 2023 to 48 now — 8 days faster across their last 6 reports.
On the latest reported averages: Slower than 94% of the 638 large companies reporting in financial services.
That is 17 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
The Company’s standard contractual payment terms for all qualifying contracts are payments within 45 days after the date of invoice. Other payment terms may apply. Agreed payment terms are reflected in our contractual documentation and accounting system. Of the 47% of invoices due but not paid within agreed terms, all were external to the Willis Towers Watson group. The average time to pay invoices, excluding any intra-group invoice settlements, was 52 days.
Dispute resolution
Payment processing is managed by the Accounts Payable function and any supplier queries are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant colleague to ensure satisfactory resolution for both the supplier and the Company.
Other information
Payments only fall due in our accounting system once terms are exceeded. The overdue statistics include a large proportion of invoices that were settled within a few working days of the due date. The average time taken to settle invoices in the period was adversely impacted by a very small number of invoices settled in relation to long-overdue.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 48 | 47% | 13% | 29 Jul 2026 |
| H2 2025 | 47 | 43% | 11% | 29 Jan 2026 |
| H1 2025 | 47 | 46% | 11% | 30 Jul 2025 |
| H2 2024 | 47 | 45% | 10% | 30 Jan 2025 |
| H1 2024 | 55 | 54% | 16% | 29 Jul 2024 |
| H2 2023 | 56 | 57% | 17% | 30 Jan 2024 |
| H1 2023 | 53 | 50% | 13% | 31 Jul 2023 |
| H2 2022 | 55 | 50% | 16% | 27 Jan 2023 |
| H1 2022 | 55 | 45% | 16% | 28 Jul 2022 |
| H2 2021 | 54 | 49% | 11% | 27 Jan 2022 |
| H1 2021 | 55 | 42% | 14% | 22 Jul 2021 |
| H2 2020 | 58 | 37% | 11% | 22 Jan 2021 |
| H1 2020 | 74 | 56% | 29% | 30 Jul 2020 |
| H2 2019 | 57 | 31% | 14% | 30 Jan 2020 |
| H1 2019 | 45 | 23% | 11% | 30 Jul 2019 |
| H2 2018 | 54 | 26% | 14% | 29 Jan 2019 |
| H1 2018 | 57 | 44% | 27% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 12 Apr 1922
- Registered office
- 51 LIME STREET, LONDON, EC3M 7DQ
Illustrative · working-capital arithmetic
What a 48-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 48-day vs a 45-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Willis Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-00181116 · latest period to 30 Jun 2026
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