CAPITAL ONE EUROPE PLC
Company Information
- Company Number
- 03879023
- Registered Address
- Trent House, Station Street, Nottingham, NG2 3HX
- Status
- Active
- Employee Count
- 1491.0
- Turnover
- 569572000.0
- EBITDA
- 94314000.0
Additional Details
- Website
- https://capitalone.co.uk
- Company Type
- Public limited Company
- Incorporated On
- 17 November 1999
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services
- Region
- East Midlands
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 | 30 Jan 2024 | 21 | 96% | 3% | 1% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 21 | 97% | 3% | 0% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 21 | 96% | 4% | 0% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 23 | 91% | 8% | 1% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 22 | 96% | 3% | 0% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 21 | 98% | 2% | 0% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 14 | 99% | 1% | 0% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 19 | 98% | 2% | 0% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 25 | 98% | 2% | 0% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 25 | 98% | 2% | 0% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 26 | 94% | 6% | 0% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 30 | 76% | 23% | 1% | 10% |
Company Summary
Capital One (Europe) PLC is a financial services company based in the United Kingdom
The company offers a wide range of banking and credit products and services to its customers
With a focus on sustainability, Capital One (Europe) PLC is committed to providing responsible and ethical financial solutions to its clients
The company's sustainability program is centered around three main pillars: responsible banking, responsible workplace, and responsible community
This includes initiatives such as reducing its carbon footprint, promoting diversity and inclusion in the workplace, and supporting local communities through volunteering and charitable donations
Capital One (Europe) PLC offers a variety of products and services including credit cards, savings accounts, personal loans, and business banking solutions
The company also offers online and mobile banking services for easy and convenient access to its customers
Key people at Capital One (Europe) PLC include its CEO, Amy Lenander, and its Chairman, Richard D
Fairbank
Both individuals have extensive experience in the financial industry and are committed to driving the company's success and sustainability efforts
The company's registered office address is at Capital One (Europe) PLC, Trent House, Station Street, Nottingham, NG2 3HX
Customers can also contact the company through their website www.capitalone.co.uk or by phone at 03444 812 812
In summary, Capital One (Europe) PLC is a leading financial services company in the UK with a focus on sustainability and responsible banking
It offers a range of products and services to its customers and is led by experienced and dedicated individuals
The company's commitment to sustainability and responsible practices makes it a trusted choice for customers looking for ethical financial solutions
Company Review
Trend Analysis
The average time for CAPITAL ONE (EUROPE) PLC to pay invoices has decreased from 30 days in the first period (Jan 2018 - Jun 2018) to 21 days in the most recent period (Jul 2023 - Dec 2023). The percentage of invoices paid within 30 days has consistently been high, ranging from 91% to 99%. There has also been a decrease in the percentage of invoices paid between 31 and 60 days, from 23% in the first period to 3% in the most recent period. The percentage of invoices paid later than 60 days has fluctuated slightly, but overall has remained low at 1% or less.
Volatility Analysis
The average time for CAPITAL ONE (EUROPE) PLC to pay invoices has shown a consistent downward trend, with the most volatility occurring in the first three periods (Jan 2018 - Jun 2019). The percentage of invoices paid within 30 days has shown the least volatility, with a consistent high percentage throughout all periods. The percentage of invoices paid between 31 and 60 days has shown the most volatility, decreasing from 23% in the first period to 1% in the most recent period. The percentage of invoices paid later than 60 days has also shown some volatility, with a peak of 4% in the seventh period (Jul 2021 - Dec 2021) before decreasing again in the most recent period.
Summary Analysis
Looking at the three most recent periods (Jan 2022 - Jun 2023), there has been a slight increase in the average time for CAPITAL ONE (EUROPE) PLC to pay invoices, from 21 days in the first period to 23 days in the most recent period. However, this is still an improvement compared to the earlier periods. The percentage of invoices paid within 30 days has consistently been high at 91% or above, with the best performance in the most recent period (Jul 2022 - Dec 2022) at 98%. The worst performance in terms of paying invoices within 30 days was in the fifth period (Jul 2020 - Dec 2020) at 96%. The percentage of invoices paid later than 60 days has consistently been very low at 1% or less, with the worst performance in the sixth period (Jan 2021 - Jun 2021) at 2%. The shortest standard payment period has remained consistent at 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment term for the period to 31st Dec 2023 was payment within 30 days after receipt by Capital One of an undisputed invoice. Receipt of an undisputed invoice is defined as an invoice submitted through the correct Capital One channels with a valid purchase order number. Shorter, non-standard payment terms, may be negotiated with individual suppliers as part of their contract negotiations.
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
Capital One Supplier managers will work with suppliers to resolve payment disputes. Where possible, Capital One will aim to resolve disputes by the supplier making an adjustment on a future invoice, or providing a credit note, so that the original invoice may be paid on time. If this is not possible, the invoice under dispute, will be rejected back to the supplier and no payment is issued. Once the dispute is resolved, the invoice will be re-submitted for payment in line with payment terms.
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
