From Jan 2018 to Dec 2019, there has been a consistent trend of LLOYDS BANK SUBSIDIARIES LIMITED taking longer to pay their invoices. This can be seen in the increasing average time to pay and percentage of invoices paid later than 60 days.
There is minimal volatility in the data for LLOYDS BANK SUBSIDIARIES LIMITED, with small fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a significant increase in the percentage of invoices paid later than 60 days in the last two periods, indicating a potential issue with delayed payments.
For LLOYDS BANK SUBSIDIARIES LIMITED, the average time to pay invoices has increased steadily since Jan 2018, reaching a peak of 42.3 days in the last period. The percentage of invoices paid within 30 days has remained relatively stable, with a slight decrease from 84.6% in the first period to 83.7% in the last period. The percentage of invoices paid between 31 and 60 days has also remained stable, with a small increase from 10.4% in the first period to 11.1% in the last period. However, the percentage of invoices paid later than 60 days has seen a significant increase, from 5% in the first period to 5.2% in the second period and 7.1% in the last period.
| 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 2019 - 31 Dec 2019 | 28 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 |
Lloyds Bank Subsidiaries Limited is a registered entity within Lloyds Banking Group, incorporated in 1911 and classified under head office activities (SIC 70100). It does not itself provide customer-facing services; rather, it functions as a holding entity for subsidiaries within the wider group. The group's principal trading business, conducted through Lloyds Bank, offers personal banking services across Britain, including current accounts, mortgages, savings, credit cards, personal loans, insurance and car finance, alongside a mobile banking app used by millions of customers. The company remains active on the Companies House register, with its registered office in London.
Generated from the company's website and Companies House records. Sources: lloydsbank.com · lloydsbank.com