UNITED TRUST BANK LIMITED
Company Information
- Company Number
- 00549690
- Registered Address
- 28th Floor, One Ropemaker Street, London, EC2Y 9AW
- Status
- Active
- Employee Count
- 378
- Turnover
- £259,393,000
- EBITDA
- £88,777,000
Additional Details
- Website
- https://utb-grouponline.com
- Company Type
- Private limited Company
- Incorporated On
- 23 May 1955
- Nature of Business
- 64191 - Banks
- 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 | 23 Jul 2025 | 12 | 94% | 5% | 1% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 13 | 91% | 7% | 2% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 12 | 94% | 4% | 2% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 32 | 47% | 46% | 7% | 53% |
| 01 Jan 2021 - 30 Jun 2021 | 10 Aug 2021 | 35 | 50% | 37% | 13% | 55% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 28 | 67% | 23% | 10% | 37% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 30 | 66% | 26% | 8% | 41% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 23 | 79% | 15% | 6% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 24 | 68% | 27% | 5% | 39% |
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 payment terms are 14 - 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
30
Dispute Resolution Process
Payment disputes are managed by the Accounts Payable department and can be escalated to the Head of Financial Control whose contact details are available upon request.
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
UNITED TRUST BANK LIMITED is a UK-based bank that provides a range of financial products and services to its customers. The bank was founded in 1955 and has since grown to become a trusted and reputable institution.
The bank offers a variety of products and services, including savings accounts, current accounts, loans, mortgages, and investment opportunities. They also have products tailored for businesses, such as commercial mortgages, asset finance, and invoice finance.
UNITED TRUST BANK LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using renewable energy sources, reducing waste and promoting recycling, and promoting sustainable investments.
The bank's sustainability program also extends to their products and services, with a focus on providing ethical and responsible options for their customers. They offer ethical savings accounts and investment opportunities that support environmentally friendly projects.
The bank is led by a team of experienced and knowledgeable professionals, including Chief Executive Officer Noel Meredith and Managing Director Harley Kagan. They are supported by a dedicated team of employees who strive to provide exceptional customer service.
To contact UNITED TRUST BANK LIMITED, customers can visit their website at www.utbank.co.uk, where they can find information about their products and services, as well as access online banking. The bank's registered office address is at One Ropemaker Street, London, EC2Y 9AW, United Kingdom.
