UNITY TRUST BANK PLC

PaymentCheck Score 2025
89Good
1.7vs last year
#987 in UK
#180 in Financial Services
#36 in West Midlands

Company Information

Company Number
01713124
Registered Address
Four, Brindleyplace, Birmingham, England, B1 2JB
Status
Active
Employee Count
177
Turnover
£107,352,000
EBITDA
£67,731,000

Additional Details

Company Type
Public limited Company
Incorporated On
7 April 1983
Nature of Business
64191 - Banks
Industries
Financial Services
Region
West Midlands

Time to Pay

Average Time to Pay
21 days
Shortest Period:14 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
86%
31-60 Days
11%
After 60 Days
3%
Not Paid Within Terms14%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-07-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202528 Jul 20252186%11%3%14%
01 Jul 2024 - 31 Dec 202430 Jan 20251786%11%3%14%
01 Jan 2024 - 30 Jun 202430 Jul 20241887%9%3%13%
01 Jan 2023 - 31 Dec 202330 Jan 20241986%10%4%14%

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

30 days

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

NA

Maximum contractual payment period agreed

30

Dispute Resolution Process

Per individual contract no default

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.

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.

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.

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

UNITY TRUST BANK PLC is a UK-based bank that was established in 1984 with a vision to create a sustainable and socially responsible banking system. The bank is dedicated to supporting and promoting ethical and socially responsible businesses and organizations.

The bank offers a range of products and services, including current and savings accounts, loans, mortgages, and overdraft facilities. They also provide specialized services for charities, social enterprises, and community organizations.

UNITY TRUST BANK PLC has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. They have a sustainable procurement policy and have invested in renewable energy projects. The bank also offers a carbon offsetting program for its customers.

The key people at UNITY TRUST BANK PLC include the CEO, Margaret Willis, who has been with the bank since 2015 and has over 25 years of experience in the financial industry. The Board of Directors includes individuals with a background in finance, sustainability, and social responsibility, ensuring the bank's commitment to its values.

The bank's registered office address is Unity House, 30 Euston Square, London, NW1 2FB, and their website is www.unity.co.uk. Customers can contact the bank through their website or by calling their customer service team at 0345 140 1000.

In summary, UNITY TRUST BANK PLC is a socially responsible bank that offers a range of products and services to support ethical businesses and organizations. With a focus on sustainability and a dedicated team of professionals, the bank is committed to making a positive impact on society and the environment.

Financial Metrics

Cash
£567,701,000
Net Worth
£123,793,000
Total Current Assets
£1,666,923,000
Total Current Liabilities
£1,543,683,000

Company Location