HSBC LIFE (UK) LIMITED
Company Information
- Company Number
- 00088695
- Registered Address
- 8 Canada Square, London, E14 5HQ
- Status
- Active
- Employee Count
- 0
- Turnover
- £16,493,000
- EBITDA
- £17,481,000
Additional Details
- Website
- https://life.hsbc.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 8 May 1906
- Nature of Business
- 65110 - Life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 16 | 95% | 1% | 4% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 12 | 98% | 2% | 0% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 19 | 98% | 2% | 0% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 19 | 89% | 10% | 1% | 9% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard terms are 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
42
Dispute Resolution Process
Suppliers are asked to place their issue in writing to their HSBC main contact point. Business contact and Accounts Payable work with the supplier to resolve payment issue/dispute in accordance with internal investigation and escalation procedures.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
HSBC LIFE (UK) LIMITED is a subsidiary of HSBC Holdings plc, one of the world's largest banking and financial services organizations. The company offers a range of financial products and services, including life insurance, investment management, and pension solutions.
Under its sustainability program, HSBC LIFE (UK) LIMITED strives to be a responsible and sustainable business, focusing on areas such as climate change, diversity and inclusion, and responsible lending. The company has set targets to reduce its carbon footprint and increase its use of renewable energy sources. It also has initiatives in place to promote diversity and inclusion within its workforce and support responsible lending practices.
HSBC LIFE (UK) LIMITED offers a variety of life insurance policies to help customers protect their families and loved ones in the event of unexpected situations. These include term life insurance, critical illness cover, and whole of life insurance. The company also offers investment management services to help customers achieve their financial goals and plan for retirement.
The key people at HSBC LIFE (UK) LIMITED include the CEO, Colin Brook, and the Managing Director, Steve Groves. They are supported by a team of experienced professionals dedicated to providing quality financial products and services to customers.
For more information about HSBC LIFE (UK) LIMITED and its products and services, customers can visit the company's website at www.hsbc.co.uk/life-insurance. The registered office address for the company is 8 Canada Square, London, E14 5HQ, United Kingdom.
