BRITISH ARAB COMMERCIAL BANK PUBLIC LIMITED COMPANY
Company Information
- Company Number
- 01047302
- Registered Address
- 8-10 Mansion House Place, London, EC4N 8BJ
- Status
- Active
- Employee Count
- 252
- Turnover
- £100,291,000
- EBITDA
- £41,423,000
Additional Details
- Website
- https://bacb.co.uk
- Company Type
- Public limited Company
- Incorporated On
- 23 March 1972
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 20 | 90% | 7% | 3% | 16% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 22 | 86% | 10% | 4% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 32 | 84% | 11% | 5% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 29 | 73% | 20% | 7% | 39% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Jul 2021 | 23 | 91% | 9% | 0% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 16 | 95% | 4% | 1% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 14 | 97% | 2% | 1% | 24% |
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
BACB's preferred payment term is 30 days. We strive to ensure all payments are made within a timely manner and within terms. However, some vendor's terms ranges between 0, 14 and 15days, making it difficult to pay within those terms
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
120
Dispute Resolution Process
Invoices in dispute will be entered onto the system but not approved until i) queries are resolved, ii)costs are agreed, iii) a creditnote is received. The vendors' Credit Control team / dedicated account manager are contacted by BACB's Finance team or spend owner to query or request clarification of costs before payment is approved and processed.
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.
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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?
❌
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
British Arab Commercial Bank Public Limited Company (BACB) is a leading international wholesale bank, providing financial services to businesses and individuals in the UK and Middle East. BACB is committed to sustainability and has a strong focus on responsible business practices.
The bank offers a range of products and services, including corporate and commercial banking, trade finance, treasury and capital markets, and private banking. They also have a dedicated Islamic finance division, providing Shariah-compliant products and services.
BACB's sustainability program is centered around three main pillars: responsible finance, responsible operations, and responsible partnerships. This includes promoting responsible lending practices, reducing their environmental impact, and supporting social and community initiatives.
The key people at BACB include the Chairman, Sir John Scarlett, and the CEO, Eddie Norton. They have a team of experienced professionals who are dedicated to providing excellent service to their clients.
BACB can be contacted through their website, which is www.bacb.co.uk. Their registered office address is at 23 Austin Friars, London, EC2N 2QP, United Kingdom.
In summary, BACB is a leading international bank with a strong commitment to sustainability. They offer a range of financial products and services, including Islamic finance, and are led by a team of experienced professionals. Their website provides more information about their services and contact details.
