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TOKIO MARINE KILN SYNDICATES LIMITED

Company number: 00729671

Reporting period:
1 July 2018 to 31 December 2018


This information is as reported by the business, and responses are in their own words.

This report was filed on 31 January 2019

and approved by Anna McNamara

Payment statistics

Average time taken to pay invoices: 14 days

Invoices paid:

  • within 30 days: 100%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

The majority of goods and services used in the operation of Tokio Marine Kiln Syndicates Limited are managed and paid by a group service company, Tokio Marine Kiln Insurance Services Limited (TMKISL). Please refer to TMKISL for further reporting on payment practices and performance. The standard contractual terms for TMKISL are payment within 30 days after the invoice is received. These terms are stated in the contractual agreements with suppliers. Invoices should be submitted in PDF format to the Accounts Payable Team at AllLondonAccountsPayable@tokiomarinekiln.com.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

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

N/A

Dispute resolution process

Queries related to outstanding invoices or payments made should be raised in the first instance with the Accounts Payable Team on AllLondonAccountsPayable@tokiomarinekiln.com. They will liaise with the relevant department who ordered the products or services as soon as possible to seek to resolve any issues.

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 Prompt 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