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Their own payment-practices filing · gov.uk

Towergate Underwriting Group Limited pays suppliers in 29 days on average — inside its shortest stated term

CRN 04043759 · Financial services · 16 statutory reports on record · period to 31 Dec 2025

29daysavg time to pay · H2 2025

Their H2 2025 filing puts the average 1 day inside the shortest term they state (30 days).

Slower than mostvs a 31-day median across 6,104 recent filers
Their stated terms
30–45 days
Paid outside agreed terms
47% of invoices
Paid after 61+ days
4%
Reporting period
1 Jul 2025 – 31 Dec 2025
Source
their gov.uk filing, filed 26 Jan 2026

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

Terms vs reality · their H2 2025 filing

Paid 1 day inside the 30-day term they state

The pattern · last 6 of 16 reports

32 → 29 days — getting faster

The read · computed from their figures

Towergate Underwriting Group Limited's H2 2025 filing puts their average at 29 days against stated terms of 30–45 days; 47% of invoices were paid outside agreed terms and 4% took 61 days or longer. Filed 26 Jan 2026.

The direction is faster: from 32 days in H1 2023 to 29 now — 3 days faster across their last 6 reports.

On the latest reported averages: Slower than 73% of the 638 large companies reporting in financial services.

That is 16 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

All undisputed payments will be made within 30 days of receipt of a correct, valid and complete invoice.

Dispute resolution

Complaints by suppliers are generally resolved through an escalated good faith negotiation procedure. Any resolution is specific to and agreed upon with each supplier.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 20252947%4%26 Jan 2026
H1 20253041%6%22 Jul 2025
H2 20242623%6%27 Jan 2025
H1 20242928%8%23 Jul 2024
H2 20233246%10%23 Jan 2024
H1 20233252%11%14 Jul 2023
H2 20223154%8%23 Jan 2023
H1 20223040%6%26 Jul 2022
H2 20213259%9%26 Jan 2022
H1 20213670%11%28 Jul 2021
H2 20204060%11%27 Jan 2021
H1 20203872%12%29 Jul 2020
H2 20193661%7%29 Jan 2020
H1 20193560%8%30 Jul 2019
H2 20183873%8%30 Jan 2019
H1 20184473%14%27 Jul 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
31 Jul 2000
Registered office
2 MINSTER COURT, LONDON, EC3R 7PD
0 outstanding charges on the register Accounts due 30 Sept 2027

Open the full record at Companies House.

Quick answers · Towergate Underwriting Group Limited

Are they getting slower or faster?
Their reported average has moved about 3 days faster over the window (32 → 29 days).
What's their typical pay point?
Their latest filed report puts the average at day 29; across their last 6 reports it ranged 26–32 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.
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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-04043759 · latest period to 31 Dec 2025

Verify the original Companies House file

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