SCOTTISH WIDOWS ADMINISTRATION SERVICES LIMITED
Company Details
Registration Number
01132760
Registered Address
25 Gresham Street London EC2V 7HN
Company Status
Active
Employee Count
0
Turnover
£65,754,000
EBITDA
£-30,611,000
Additional Information
Website
clericalmedical.co.ukCompany Type
Private limited Company
Incorporated on
5 September 1973
Nature of Business (SIC)
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
LondonCompany Location
Financial Overview
£50,892,000
£60,460,000
Last Reporting Period
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Payment Timeline
Not Paid Within Terms
0%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 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 |
Company Summary
Scottish Widows Administration Services Limited is a financial services company based in Edinburgh, Scotland
The company offers a range of products and services, including pensions, investments, and insurance
As part of their sustainability program, Scottish Widows is committed to reducing their environmental impact and promoting ethical business practices
They have set targets to reduce their carbon emissions and increase the use of renewable energy sources in their operations
They also have a responsible investment policy, which considers environmental, social, and governance factors in their investment decisions
The company's key people include Chief Executive Officer, Antonio Lorenzo, and Chairman, Jack McLaren
They also have a team of experienced financial advisors to assist customers with their financial needs
Contact information for Scottish Widows Administration Services Limited can be found on their website (www.scottishwidows.co.uk) or at their registered office address: 20 Castle Terrace, Edinburgh, EH1 2ET, United Kingdom
Overall, Scottish Widows is a reputable financial services company with a commitment to sustainability and providing quality products and services to their customers
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Not specified
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
Not specified
Dispute Resolution Process
Not specified
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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