SWISS RE SERVICES LIMITED
Company number: 04174890
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
23 January 2026
Approved by:
Andrew Miller
Payment statistics
Average time taken to pay invoices: 18 days
Total value paid:
- within 30 days: £8,673,293 (99%)
- in 31 to 60 days: £69,049 (< 1%)
- in 61 days or more: £0 (0%)
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- 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: £69,049
- payments due in the reporting period which have not been paid within the agreed period: 3%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The Company's standard contractual length of time for payment of invoices in relation to qualifying contracts is 30 days from receipt of a correct invoice.
There were no variations to the Company's standard payment terms within the reporting period. The maximum payment period for payment of invoices in relation to qualifying contracts which the Company has entered into is 30 days from receipt of a correct invoice.
The Company's payment practices and policies in relation to qualifying contracts do not include an arrangement under which a supplier can receive payment of an invoiced sum from a finance provider before the end of the payment period, with the qualifying company paying the invoiced sum to the finance provider.
The Company's payment practices and policies in relation to qualifying contracts during the reporting period did not provide for the electronic submission and tracking of invoices. The Company is currently undertaking development pilots for e-invoicing.
The Company is not a signatory to a code of conduct or standards on payment practices.
The Company's payment practices and policies do not allow the Company to deduct a sum from a payment under a qualifying contract, as a charge to a supplier to remain on Company’s list of suppliers or potential suppliers.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Contact information for all matters arising under qualifying contracts with the Company is provided to vendors in the document Purchase Order & Invoicing standards for Swiss Re Services Ltd. There is no specific process in the Company's qualifying contracts for resolving disruptions relating to payment. Under the terms of the standard contract the courts of England and Wales have exclusive jurisdiction to settle any dispute or claim.
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