Based on the data provided, there is a clear trend of decreasing average time to pay invoices for HSBC OVERSEAS HOLDINGS (UK) LIMITED over the past three periods. In 2018, the average time to pay was not available. However, in 2019, the average time to pay was 36.7 days, which decreased to 32.8 days in 2020.
Volatile changes can be seen in the percentage of invoices paid within 30 days and between 31 and 60 days. In 2019, the percentage of invoices paid within 30 days was 53.8%, which increased to 71.5% in 2020. However, the percentage of invoices paid between 31 and 60 days decreased from 38.2% in 2019 to 21.3% in 2020. This shows that HSBC OVERSEAS HOLDINGS (UK) LIMITED has improved their promptness in paying invoices within the past three periods.
From 2019 to 2020, HSBC OVERSEAS HOLDINGS (UK) LIMITED has shown significant improvement in their payment process. The average time to pay has decreased by 3.9 days, and the percentage of invoices paid within 30 days has increased by 17.7%. This shows that the company has made efforts towards paying invoices earlier. However, there has been a decrease in the percentage of invoices paid between 31 and 60 days, which could be a result of prioritizing prompt payment within 30 days.
| 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 2020 - 31 Dec 2020 | 27 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 |
HSBC Overseas Holdings UK Limited is a financial services holding company registered in London, with the SIC code for activities of financial services holding companies. It forms part of the wider HSBC group, described on the group's own website as one of the world's largest banking and financial services organisations, serving customers through banking and financial services businesses worldwide. The entity itself does not appear to trade directly with customers; rather, it functions as a holding vehicle within the HSBC corporate structure, sitting beneath the ultimate parent, HSBC Holdings plc. No separate trading activity, products or services distinct from the wider banking group are described for this specific registered company.
Generated from the company's website and Companies House records. Sources: hsbc.com · hsbc.com