PAIDLATE by YORXEN
← New check

Their own payment-practices filing · gov.uk

How long does Covéa Insurance Services Limited take to pay its suppliers?

CRN 02966506 · Financial services · 16 statutory reports on record · period to 30 Jun 2026

40days
their reported average time to pay suppliers, latest period
Slower than mostvs a 31-day median across 6,185 recent filers

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

Share

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
5 Sept 1994
Registered office
A&B MILLS, HALIFAX, HX3 5AX
1 outstanding charge — secured borrowing registered Accounts due 30 Sept 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–30 days. Reported average: 40.

Stated terms7–30d
+33 days
Reported avg40d

At a glance

The key figures

7–30d
their stated terms
36%
invoices paid outside terms
-6d
faster over the window
±6d
variable pattern

Vs peers · latest reported averages

fasterslower
Slower than 89% of the 661 large companies reporting in financial services.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 7d
46
41
46
37
35
40
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 71% 31–60 days 16% 61+ days 13%

The read · computed from their figures

Covéa Insurance Services Limited has filed 16 statutory payment periods (earliest H1 2018). Their latest report puts the average at 40 days against stated terms of 7–30 days.

The direction is faster: from 46 to 40 days over the window — about 6 days faster.

In the latest period 36% of invoices were paid outside their agreed terms, and 13% landed 61+ days out.

What they tell their suppliers

1% of invoices in dispute

In their own words · from the filing

Standard payment terms

Standard payment terms are 30 days after the date of the invoice.

Dispute resolution

Any dispute should first be referred to [email protected]

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20264036%13%30 Jul 2026
H2 20253531%11%29 Jan 2026
H1 20253739%13%25 Jul 2025
H2 20244648%17%30 Jan 2025
H1 20244146%14%25 Jul 2024
H2 20234654%17%26 Jan 2024
H2 20222528%7%30 Jan 2023
H1 20222425%6%21 Jul 2022
H2 20212428%7%11 Feb 2022
H1 20213035%9%23 Jul 2021
H2 20203340%10%29 Jan 2021
H1 20203243%10%28 Jul 2020
H2 20192936%5%31 Jan 2020
H1 20193447%6%22 Jul 2019
H2 20183346%7%24 Jan 2019
H1 20183551%9%30 Jul 2018

Working-capital effect

What a 40-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 40-day vs a 7-day payment cycle.

≈ £16,000
of invoicing outstanding at any one time on a 40-day cycle — about £13,000 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act 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

Are they getting slower or faster?
Their reported average has moved about 6 days faster over the window (46 → 40 days).
What's their typical pay point?
Their latest reports average around day 40, moving within about ±6 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

Watch Covéa Insurance Services Limited (free)

Their next payment report is due ≈ 26 Jan 2027. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

You’ll get a confirmation email first. Unsubscribe any time. How we handle your address.

More large companies in financial services

Covea Insurance PLC · CPL Topco Limited · Coutts & Company · Creation Consumer Finance Limited · Countrywide Principal Services Limited · Creation Financial Services Limited

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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02966506 · latest period to 30 Jun 2026

Verify the original Companies House file

Built by YORXEN LTD · registered in England & Wales · CRN 17303256 · privacy · terms.