NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY
Company Information
- Company Number
- 00929027
- Registered Address
- 250 Bishopsgate, London, England, EC2M 4AA
- Status
- Active
- Employee Count
- 53,600
- Turnover
- £13,863,000,000
- EBITDA
- £6,185,000,000
Additional Details
- Website
- https://ci.natwest.com/
- Company Type
- Public limited Company
- Incorporated On
- 18 March 1968
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- 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 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 5 | 99% | 1% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 5 | 98% | 1% | 1% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 6 | 98% | 1% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 7 | 97% | 2% | 1% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 6 | 98% | 1% | 1% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 8 | 96% | 2% | 2% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 8 | 97% | 2% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 8 | 98% | 1% | 1% | 2% |
| 01 Jan 2019 - 28 Jun 2019 | 29 Jul 2019 | 7 | 98% | 1% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 5 | 100% | 0% | 0% | 0% |
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
National Westminster Bank Public Limited Company, also known as NatWest, is a British retail and commercial bank headquartered in London
It is one of the largest banks in the UK and is a part of the NatWest Group, which is a subsidiary of the Royal Bank of Scotland Group.\n\nNatWest offers a wide range of financial products and services, including personal and business banking, loans, mortgages, insurance, and investments
The bank also has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact and support the communities it serves.\n\nOne of NatWest's key sustainability programs is its commitment to becoming a net-zero carbon emissions bank by 2025
This includes reducing its operational emissions, supporting renewable energy projects, and offering sustainable finance options to customers
The bank also has a goal to become a more inclusive and diverse organization, with a target of having at least 50% of its senior roles held by women by 2030.\n\nNatWest has a strong leadership team, with Alison Rose as the CEO and Mark Bailie as the Chief Operating Officer
The bank also has a dedicated Sustainability Committee, led by Alison Davis, to oversee and drive its sustainability strategy.\n\nCustomers can access NatWest's products and services through its network of branches, as well as through its online and mobile banking platforms
The bank also has a customer service helpline and an online chat feature for any inquiries or assistance.\n\nNatWest's registered office address is 250 Bishopsgate, London, EC2M 4AA, United Kingdom
Customers can also visit the bank's website at www.natwest.com for more information about its products and services, as well as its sustainability efforts
