LLOYDS BANK COMMERCIAL FINANCE LIMITED
Company Information
- Company Number
- 00733011
- Registered Address
- No 1 Brookhill Way, Banbury, Oxon, OX16 3EL
- Status
- Active
- Employee Count
- 134.0
- Turnover
- 81004000.0
- EBITDA
- 33857000.0
Additional Details
- Website
- https://lloydsbank.com
- Company Type
- Private limited Company
- Incorporated On
- 21 August 1962
- Nature of Business
- 64910 - Financial leasing$64999 - Financial intermediation not elsewhere classified
- Industries
- Financial Services
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 17 | 90% | 6% | 4% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 12 | 95% | 4% | 1% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 14 | 94% | 3% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 14 | 93% | 4% | 3% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 17 | 89% | 7% | 4% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 20 | 86% | 7% | 7% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 19 | 86% | 8% | 6% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 18 | 87% | 7% | 6% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 14 | 93% | 5% | 2% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 15 | 93% | 5% | 2% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 18 | 92% | 4% | 4% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 23 | 79% | 15% | 6% | 19% |
Company Summary
LLOYDS BANK COMMERCIAL FINANCE LIMITED is a leading provider of financial solutions for businesses in the UK
The company offers a range of products and services, including invoice finance, asset-based lending, and trade finance, to help businesses manage their cash flow and grow
As part of their commitment to sustainability, LLOYDS BANK COMMERCIAL FINANCE LIMITED has implemented various initiatives to reduce their environmental impact
This includes reducing their carbon footprint through energy-efficient operations, promoting recycling and waste reduction, and using sustainable suppliers
The company has a team of experienced professionals who are dedicated to providing excellent customer service and tailoring financial solutions to meet the specific needs of each business
The key people at LLOYDS BANK COMMERCIAL FINANCE LIMITED include the Managing Director, Paul Cook, and the Head of Invoice Finance, Mark McLintock
Businesses can contact LLOYDS BANK COMMERCIAL FINANCE LIMITED through their website, where they can also find more information about their products and services
The registered office address for the company is 25 Gresham Street, London, EC2V 7HN
With a strong commitment to sustainability and a range of financial solutions, LLOYDS BANK COMMERCIAL FINANCE LIMITED is a trusted partner for businesses looking to grow and succeed in the UK
Company Review
Trend Analysis
The average time taken by LLOYDS BANK COMMERCIAL FINANCE LIMITED to pay invoices has decreased from 23 days in the first period (Jan 2018-Jun 2018) to 17 days in the last period (Jul 2023-Dec 2023). This shows an overall improvement in the company's efficiency in paying invoices.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable throughout the periods, ranging from 79% to 95%. However, there has been a slight decrease in the percentage of invoices paid between 31-60 days, with a high of 15% in the first period and a low of 3% in the last period. The percentage of invoices paid later than 60 days has also shown a slight decrease, from 6% in the first period to 1% in the last period.
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 30 days after receipt of a correct, undisputed, timely provided and properly due VAT invoice. In some circumstances, Lloyds Bank Commercial Finance Ltd 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.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Invoice Receipt Date We are currently only able to record the date of receipt of invoices for circa 46% of reportable invoices in this report. Where the date we receive an invoice is not available, we have reported on the date of the invoice itself, as we consider this the most justifiable alternative. Unknown payment terms For certain suppliers, our systems do not currently capture details of the payment terms in place under qualifying contracts with those suppliers. Therefore, for the purposes of reporting on our payment statistics for those qualifying contracts, we have assumed that all payments under those contracts are due within 30 days of the date of receipt of the invoice, which reflects our most commonly used contractual payment terms. Discrepancy between contracting entity and paying entity Our payment statistics include some payments made by Lloyds Bank Commercial Finance Ltd where, although we are not the contracting entity for the relevant qualifying contract, the services have been received and paid for by Lloyds Bank Commercial Finance Ltd. Sufficient link to the UK Our payment statistics may include some payments made to non-UK entities where we have been unable to ascertain whether the contract has a sufficient link to the UK to meet the criteria for reporting. It is not Lloyds Bank Commercial Finance Ltd policy to differentiate supplier payment terms based on supplier jurisdiction and our payment practices for non-UK entities are representative of those followed for UK entities.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Suppliers can raise queries with their appointed managers in the first instance. They can also contact the dedicated accounts payable team (LloydsInvoiceEnquiries@Lloydsbanking.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior contacts, as needed), in accordance with the terms of the contract.
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
