POOL REINSURANCE COMPANY LIMITED
Company number: 02798901
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
29 October 2025
Approved by:
Thomas Cowley Clementi
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 20 days
Total value paid:
- within 30 days: £9,066,844 (93%)
- in 31 to 60 days: £697,243 (7%)
- in 61 days or more: £0 (0%)
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 10%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £597,243
- payments due in the reporting period which have not been paid within the agreed period: 6%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Pool Re’s standard payment terms, as outlined in its Terms and Conditions, are 30 days from the date of invoice. However, exceptions may apply depending on the nature of the transaction, the size of the supplier, and the type of services provided. In practice, payment terms can range from immediate payment to up to 31 days. For reporting purposes, the median payment term is used as the standard benchmark.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Business maintains regular communication with suppliers through both the Procurement and Financial Accounting teams. In the event of a payment dispute, suppliers should first contact the Financial Accounting team, who will manage the initial resolution process. If the issue relates to contractual terms, it will be escalated to the Procurement team for further investigation.Suppliers can reach the Finance team via telephone, email, or post. Typically, invoice-related queries should be directed to the centralised email address used for submitting invoices. This inbox is actively monitored to ensure prompt and effective responses.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No