SHAWBROOK BANK LIMITED
Company Information
- Company Number
- 00388466
- Registered Address
- Lutea House The Drive, Warley Hill Business Park, Great Warley, Brentwood, Essex, CM13 3BE
- Status
- Active
- Employee Count
- 1,129
- Turnover
- £649,000,000
- EBITDA
- £249,000,000
Additional Details
- Website
- https://money2improve.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 29 June 1944
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- East of England
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 2024 - 30 Jun 2024 | 16 Jul 2024 | 21 | 85% | 13% | 2% | 22% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 20 | 87% | 11% | 2% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 15 | 92% | 7% | 1% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 19 | 86% | 11% | 3% | 22% |
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
Shawbrook Bank Limited agrees appropriate terms of payment with suppliers for each transaction or series of transactions and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the Bank’s policy is to pay within 30 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice.
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
30
Dispute Resolution Process
Shawbrook Bank Limited process of dealing with potential queries begins by contracting the representative who originally approved the service or goods to be provided. The Accounts Payable Department can assist by email (AccountsPayable@shawbrook.co.uk) or phone (01277 897390). Should the query still not be resolved, it will be referred to the Head of Financial Control for further consideration.
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.
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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.
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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.
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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
SHAWBROOK BANK LIMITED is a UK-based bank that offers a wide range of financial products and services to its customers. The bank was founded in 2011 and has since become a well-known and trusted name in the banking industry.
One of the key focuses of SHAWBROOK BANK LIMITED is sustainability. The bank is committed to reducing its environmental impact and promoting sustainable practices throughout its operations. It has introduced various initiatives to achieve this, such as reducing paper usage and increasing the use of renewable energy sources.
The bank offers a range of products and services, including savings accounts, mortgages, personal loans, and business finance solutions. Its savings accounts offer competitive interest rates and flexible terms, making it an attractive option for those looking to grow their savings. Its mortgage options cater to a wide range of needs and circumstances, and its personal loans offer quick and easy access to funds for various purposes.
The key people at SHAWBROOK BANK LIMITED include Ian Cowie, the Chairman, and Stephen Johnson, the CEO. They lead a team of experienced and dedicated professionals who strive to provide excellent customer service and innovative financial solutions.
For more information on SHAWBROOK BANK LIMITED and its products and services, customers can visit their website at https://www.shawbrook.co.uk/. The bank's registered office address is 1, Lloyds Chambers, Portsoken Street, London E1 8BN. Customers can also contact the bank via phone or email, with the contact details available on their website.
