SCOTIABANK EUROPE LIMITED
Company Information
- Company Number
- 00817692
- Registered Address
- 201 Bishopsgate, London, EC2M 3NS
- Status
- Active
- Employee Count
- 44
- Turnover
- £386,000,000
- EBITDA
- £640,000,000
Additional Details
- Website
- https://scotiabank.com
- Company Type
- Private limited Company
- Incorporated On
- 28 August 1964
- Nature of Business
- 74990 - Non-trading company
- Industries
- Financial Services
- Region
- London
Payment Score History
Company Review
Trend Analysis
The data for SCOTIABANK EUROPE LIMITED shows a general trend of improvement in the average time taken to pay invoices to suppliers. From 2017 to 2023, there is a decrease in the average time to pay from 38 days to 41 days. This trend is supported by an increase in the percentage of invoices paid within 30 days, which has risen from 72% in 2017 to 62% in 2023. However, there is also an increase in the percentage of invoices paid later than 60 days, which has gone up from 10% in 2017 to 22% in 2023. Overall, there has been a slight improvement in the company's payment efficiency over the past three periods.
Volatility Analysis
The volatility in SCOTIABANK EUROPE LIMITED's payment efficiency can be seen from the fluctuations in the percentage of invoices paid within 30 days, which ranges from 62% to 83%. Similarly, the percentage of invoices paid later than 60 days also varies between 7% and 30%. This indicates that the company's payment efficiency is not consistent and can be affected by various factors.
Summary Analysis
From the data, it can be seen that SCOTIABANK EUROPE LIMITED has shown improvement in their payment efficiency over the past three periods. The average time to pay has decreased from 38 days in 2017 to 36 days in 2023. This improvement is supported by an increase in the percentage of invoices paid within 30 days, which has risen from 72% to 83%. However, there is also a slight increase in the percentage of invoices paid later than 60 days, which has gone up from 14% to 18%. The company's performance in terms of meeting agreed payment terms has also improved, with the percentage of invoices not paid within agreed terms decreasing from 28% to 17%.
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 May 2023 - 30 Oct 2023 | 30 Oct 2023 | |||||
| 01 Nov 2022 - 30 Apr 2023 | 23 May 2023 | 41 | 62% | 16% | 22% | 38% |
| 01 May 2022 - 31 Oct 2022 | 14 Nov 2022 | 38 | 68% | 16% | 16% | 32% |
| 01 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 36 | 70% | 18% | 12% | 30% |
| 01 May 2021 - 31 Oct 2021 | 24 Nov 2021 | 31 | 83% | 10% | 7% | 17% |
| 01 Nov 2020 - 30 Apr 2021 | 25 May 2021 | 31 | 77% | 11% | 12% | 23% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 28 | 82% | 8% | 10% | 18% |
| 01 Nov 2019 - 30 Apr 2020 | 28 May 2020 | 29 | 79% | 11% | 10% | 21% |
| 01 May 2019 - 31 Oct 2019 | 31 Jul 2020 | 23 | 81% | 13% | 6% | 19% |
| 01 Nov 2018 - 30 Apr 2019 | 31 Jul 2020 | 29 | 82% | 8% | 10% | 18% |
| 01 May 2018 - 31 Oct 2018 | 31 Jul 2020 | 32 | 77% | 10% | 13% | 23% |
| 01 Nov 2017 - 30 Apr 2018 | 31 Jul 2020 | 38 | 72% | 14% | 14% | 28% |
Payment Time Trends
Payment Distribution Trends
Company Summary
Scotiabank Europe Limited is a subsidiary of the Canadian multinational bank, Scotiabank. The bank is based in London and offers a variety of banking and financial services to its clients.
The sustainability program of Scotiabank Europe Limited focuses on supporting economic growth, environmental protection, and social responsibility. They have implemented various initiatives such as reducing carbon emissions, promoting diversity and inclusion, and supporting community development projects.
The bank offers a wide range of products and services to its clients, including personal and business banking, wealth management, and investment services. They also specialize in providing corporate and institutional banking services, including trade finance and cash management.
The key people at Scotiabank Europe Limited include the President and CEO, Ignacio (Nacho) Deschamps, and the Chairman, Brian Porter. They lead a team of experienced executives and professionals who are dedicated to providing high-quality services to their clients.
To contact Scotiabank Europe Limited, individuals can visit their website at www.scotiabank.com or reach out to their registered office at 1 Churchill Place, London, E14 5HP. The bank also has a customer service hotline for any inquiries or assistance needed.
