Industry ranking
Score of 94/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 15 | 93% | 4% | 3% | 9% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 19 | 92% | 5% | 3% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 10 Mar 2025 | 19 | 90% | 6% | 4% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 20 | 82% | 12% | 6% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 23 | 78% | 14% | 8% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 18 | 86% | 11% | 3% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 32 | 76% | 15% | 9% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 18 | 92% | 7% | 1% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 18 | 94% | 5% | 1% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 17 | 94% | 5% | 1% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 88% | 11% | 1% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 20 | 84% | 15% | 1% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 21 | 88% | 11% | 1% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 24 | 81% | 17% | 2% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Aldermore Bank PLC 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. In the absence of agreed terms with a supplier, the Bank’s policy is to pay within 30 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice.
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
45
Aldermore Bank PLC's process of dealing with potential queries begins by contacting the representative who originally approved the service or goods to be provided. In addition, the Accounts Payable Department can assist by email (purchase.ledger@aldermore.co.uk) or phone (01189 556833). Should the query still not be resolved, it will be referred to the Director of Central Finance for further consideration.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Aldermore Bank plc is a UK bank registered in England, based in Reading. Companies House records show it was originally incorporated as Lordsvale Finance plc in 1969, later renamed Ruffler Bank plc, and has traded as Aldermore Bank plc since 2009. Its registered business activity is classified under banks (SIC 64191). As a public limited company operating under banking authorisation, it carries out deposit-taking and lending activities typical of a retail and commercial bank. No further detail on specific product lines or customer base is provided in the available records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk