The data shows that from 2018 to 2023, there has been a consistent trend of HBOS FINANCIAL SERVICES LIMITED not paying invoices within agreed terms. The percentage of invoices paid later than 60 days has been consistently high, ranging from 30% to 40%.
There has been some volatility in the average time to pay for HBOS FINANCIAL SERVICES LIMITED. In 2018, the average time to pay was 60 days, which decreased to 50 days in 2019. However, it increased again in 2020 to 65 days before decreasing to 55 days in 2021. In 2022, there was a slight increase to 60 days before decreasing again to 50 days in 2023.
Overall, there have been some improvements in HBOS FINANCIAL SERVICES LIMITED's payment practices, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days in 2019 and 2021. However, there is still room for improvement as the percentage of invoices paid later than 60 days remains consistently high.
| 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 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 |
HBOS FINANCIAL SERVICES LIMITED is an active private limited company, incorporated on 17 February 1997, based in the London region. Registered business activity: Activities of head offices.
From Companies House records.