THE BANK OF NEW YORK MELLON INTERNATIONAL LIMITED
Company Information
- Company Number
- 03236121
- Registered Address
- 160 Queen Victoria Street, London, England, EC4V 4LA
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 311000000.0
- EBITDA
- 47000000.0
Additional Details
- Website
- https://bnymellon.com
- Company Type
- Private limited Company
- Incorporated On
- 9 August 1996
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 31 Jan 2024 | 7 | 98% | 2% | 0% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 8 | 98% | 1% | 1% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 26 | 92% | 5% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 37 | 68% | 21% | 11% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 47 | 46% | 26% | 28% | 68% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 41 | 66% | 21% | 13% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 30 | 77% | 18% | 5% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 32 | 77% | 14% | 9% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 33 | 77% | 15% | 7% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 35 | 74% | 17% | 9% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 34 | 76% | 16% | 8% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 28 | 81% | 13% | 6% | 19% |
Company Summary
The Bank of New York Mellon (International) Limited is a leading global financial services company that offers a wide range of products and services to its clients
The company is committed to sustainability and has a strong focus on environmental, social, and corporate governance issues
Their sustainability program includes initiatives to reduce their carbon footprint, promote diversity and inclusion, and support community development
They also have a responsible investment program that integrates environmental, social, and governance factors into their investment decisions
The company offers a variety of products and services including investment management, wealth management, and banking services
They serve a range of clients including individual investors, corporations, and institutions
The key people at The Bank of New York Mellon (International) Limited include Chairman and CEO, Thomas P
Gibbons, and President, William M
Daley
They have a team of experienced professionals who are dedicated to providing high-quality services to their clients
The company's registered office address is 160 Queen Victoria Street, London EC4V 4LA, United Kingdom
Their website address is www.bnymellon.com and they can be contacted at +44 20 7163 5000 for any inquiries
The Bank of New York Mellon (International) Limited is committed to providing sustainable and responsible financial services to their clients while also contributing to the betterment of the communities they serve
Company Review
Trend Analysis
The average time taken for THE BANK OF NEW YORK MELLON (INTERNATIONAL) LIMITED to pay invoices has generally been decreasing over the past 3 periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also been steadily decreasing, while the percentage of invoices paid after 60 days has been increasing. The percentage of invoices not paid within agreed terms has also been fluctuating, with the highest value in 2021-2022.
Volatility Analysis
The data for THE BANK OF NEW YORK MELLON (INTERNATIONAL) LIMITED shows a relatively stable trend in terms of the average time taken to pay invoices. However, there has been some volatility in the percentage of invoices paid within 30 days and after 60 days, with larger fluctuations in the latter. The percentage of invoices not paid within agreed terms has also been volatile, with the highest value in 2021-2022.
Summary Analysis
From 2018-2020, THE BANK OF NEW YORK MELLON (INTERNATIONAL) LIMITED had an average time to pay invoices of 28-34 days, with 76-81% of invoices paid within 30 days. However, the percentage of invoices paid after 60 days increased from 6% in 2018 to 9% in 2020. In 2021-2022, the percentage of invoices paid within 30 days decreased to 46%, while the percentage of invoices paid after 60 days increased to 28%. The most recent period (2023) saw a significant decrease in the average time to pay invoices to 7 days, with 98% of invoices paid within 30 days. However, the percentage of invoices paid after 60 days increased to 2%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by the member of staff that holds the relationship with the supplier, in conjunction with the Procurement/Legal function (as required), and resolved in accordance with the terms of the contract. Invoices that are subject to dispute will not be paid until resolution. Once resolved, payment will be made in accordance with the terms of the contract.
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
