ICBC STANDARD BANK PLC
Company Information
- Company Number
- 02130447
- Registered Address
- 20 Gresham Street, London, United Kingdom, EC2V 7JE
- Status
- Active
- Employee Count
- 0
- Turnover
- £750,000,000
- EBITDA
- £148,000,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 11 May 1987
- 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 | 4 | 99% | 1% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 3 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 4 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 5 | 98% | 1% | 1% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 5 | 98% | 2% | 0% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 6 | 98% | 1% | 1% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 8 | 95% | 3% | 2% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 37 | 67% | 19% | 14% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 36 | 71% | 14% | 15% | 29% |
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
Payment terms are strictly 30 days.
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
60
Dispute Resolution Process
ICBC Standard Bank Plc have dedicated team resources who receive, process and respond to queries and disputes via the following team email addresses: GCSOperations@icbcstandard.com and London-AcctsPayable@icbcstandard.com. These teams support the resolution of invoicing disputes.
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
ICBC Standard Bank PLC is a leading financial institution that offers a wide range of services to its clients. The company has a strong focus on sustainability and has implemented various initiatives to promote environmental responsibility. It is a joint venture between Industrial and Commercial Bank of China (ICBC) and Standard Bank Group, with its registered office located in London, United Kingdom.
The company's sustainability program is centered around four key pillars - responsible finance, responsible supply chain, responsible employees, and responsible community. It has set ambitious targets to reduce its carbon footprint, promote renewable energy, and support sustainable development in the communities it operates in.
ICBC Standard Bank PLC offers a variety of products and services, including corporate and investment banking, global markets, and personal and business banking. It also specializes in commodities and foreign exchange trading, as well as providing financing solutions for clients across different sectors.
The key people at ICBC Standard Bank PLC include Chief Executive Officer, Jinny Yan, and Chairman, Jeremy Wilson. They lead a team of experienced professionals who are committed to providing excellent services to their clients.
The company can be contacted through its website, www.icbcstandardbank.com, where clients can find information about its services, sustainability initiatives, and annual reports. Its registered office address is 20 Gresham Street, London, EC2V 7JE, United Kingdom.
In summary, ICBC Standard Bank PLC is a leading financial institution with a strong focus on sustainability. It offers a wide range of services to its clients and is committed to promoting responsible finance, supply chain, employees, and community.
