There is not enough data to determine a trend for the average time taken to pay invoices for Scottish Widows Administration Services Limited. However, there is a slight increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days over the three periods.
The data for Scottish Widows Administration Services Limited shows moderate volatility in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. However, the percentage of invoices paid between 31 and 60 days remains relatively stable.
From the data provided, Scottish Widows Administration Services Limited has shown some improvement in their payment practices over the three periods. The percentage of invoices paid within 30 days has increased from 50% to 60%, while the percentage of invoices paid later than 60 days has decreased from 30% to 20%. However, there is still room for improvement as 40% of invoices are not paid within agreed terms.
| 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 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 |
Scottish Widows Administration Services Limited is a UK registered company, incorporated in 1973, that has traded under several previous names including Beehive Life Assurance Company Limited, Black Horse Life Assurance Company Limited and Lloyds TSB Life Assurance Company Limited before adopting its current name. Its registered nature of business is classified as other business support service activities. Its registered office and directors' correspondence addresses are linked to Lloyds Banking Group offices in London and Edinburgh, indicating it operates as part of that group's Scottish Widows life and pensions business rather than as an independent trading entity. No further detail on specific day-to-day operations is available from the records held.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk