RBS INVOICE FINANCE LIMITED
Company Information
- Company Number
- 00662221
- Registered Address
- 250 Bishopsgate, London, England, EC2M 4AA
- Status
- Active
- Employee Count
- 225
- Turnover
- £145,386,000
- EBITDA
- £95,139,000
Additional Details
- Website
- https://rbsif.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 15 June 1960
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 | 31 Jul 2025 | 4 | 100% | 0% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 4 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 4 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 6 | 99% | 0% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 4 | 100% | 0% | 0% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 4 | 100% | 0% | 0% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 9 | 98% | 1% | 1% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 7 | 99% | 0% | 1% | 2% |
| 01 Jan 2019 - 28 Jun 2019 | 29 Jul 2019 | 8 | 98% | 1% | 1% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 6 | 98% | 2% | 1% | 2% |
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
30 Days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
NA
Maximum contractual payment period agreed
60
Dispute Resolution Process
The Business completes the Account Payables Dispute Process form, the business advice the supplier that the invoice will be returned unpaid to them. Once the dispute is resolved, they will be required to submit a new invoice.
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
RBS Invoice Finance Limited is a UK-based financial services company that provides invoice financing solutions to businesses of all sizes
The company is a subsidiary of the Royal Bank of Scotland Group and has been in operation since 1975.\n\nThe main activity of RBS Invoice Finance Limited is to provide businesses with working capital by purchasing their accounts receivable or invoices at a discounted rate
This allows businesses to access the cash they need to cover their expenses and grow their operations without having to wait for their customers to pay their outstanding invoices.\n\nIn addition to invoice financing, RBS Invoice Finance Limited also offers a range of other financial services, including asset-based lending, supply chain finance, and cash management solutions.\n\nThe company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using renewable energy sources, promoting paperless processes, and encouraging employees to adopt eco-friendly practices.\n\nThe key people at RBS Invoice Finance Limited include the Chief Executive Officer, Ian Cowie, and the Managing Director, Andrew Harrison
The company's registered office address is at 250 Bishopsgate, London EC2M 4AA, and their website is www.rbsif.co.uk
Customers can also contact the company by phone at 0800 014 7800 or email at enquiries@rbsif.co.uk
Overall, RBS Invoice Finance Limited is a reputable and sustainable financial services provider that helps businesses thrive and grow
