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AON SOLUTIONS UK LIMITED

Company number: 04396810

Reporting period:
1 January 2024 to 30 June 2024


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

This report was filed on 14 November 2024

and approved by Yvette Leonard

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

  • within 30 days: 43%
  • in 31 to 60 days: 49%
  • in 61 days or more: 7%

Invoices due but not paid within agreed terms: 16%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Standard payment term is 45 days from invoice date. This period reflects the normal course of dealing, unless the Company enters into formal written terms for suppliers from group companies.

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

60 days

No further comment provided

Any other information about payment terms

Inter-company payments have been excluded from the statistics reported as these are managed through or internal inter-company settlement process and therefore there is no process to report against. These do not in any way affect our speed of paying external suppliers.

Dispute resolution process

Helpdesks and contact details as well as process information available on http://www.aon.com/about-aon/supplier-information.jsp

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.

Yes

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