The average time to pay for HSBC TRUST COMPANY (UK) LIMITED has remained relatively consistent between 2018 and 2020, with a slight increase in the most recent period.
The percentage of invoices paid within 30 days has fluctuated between 2018 and 2020, with a high of 95.5% in the first period and a low of 88.9% in the most recent period. The percentage of invoices paid between 31 and 60 days has also varied, with a high of 9.1% in the first period and a low of 0% in the most recent period. The percentage of invoices paid later than 60 days has consistently remained below 5% in all periods.
Between January 2018 and June 2020, HSBC TRUST COMPANY (UK) LIMITED has maintained an average time to pay invoices, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has fluctuated between 88.9% and 95.5%, while the percentage of invoices paid between 31 and 60 days has varied between 0% and 9.1%. The company has consistently paid less than 5% of invoices later than 60 days in all periods.
| 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 Jul 2020 - 31 Dec 2020 | 18 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 |
HSBC Trust Company UK Limited is a UK-registered entity within HSBC Group, incorporated in 1909. Its registered business classification is financial intermediation, and it is associated with wealth, asset and investment management activities, alongside accountancy, tax and legal services categories. As part of HSBC, described on the group's own site as one of the world's largest banking and financial services organisations, the company is understood to operate as a trustee vehicle supporting HSBC's wealth and asset management offerings in the UK, rather than as an independent trading business. No further detail on its specific day-to-day operations is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: hsbc.com