| 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 | 29 Jan 2020 | 24 | 86% | 12% | 2% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 32 | 85% | 11% | 4% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 38 | 71% | 13% | 16% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 46 | 74% | 10% | 16% | 49% |
This information is as reported by the business, and responses are in their own words.
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
N/A
Maximum contractual payment period agreed
42
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.
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
HSBC Private Bank (UK) Limited is a bank registered in England, formerly known as Samuel Montagu & Co. Limited and later HSBC Republic Bank (UK) Limited before adopting its current name in 2004. Its registered nature of business is classified as banks (SIC 64191), and it operates within HSBC's wealth, asset and investment management activities. The company is registered at 8 Canada Square, London, and remains an active private limited company, incorporated in 1951. As part of the wider HSBC group, it provides private banking services, though the entity itself functions as a UK-registered banking company rather than the group's broader international operations.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk