FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Company Information
- Company Number
- 03943048
- Registered Address
- 10th Floor Beaufort House, 15 St Botolph Street, London, EC3A 7QU
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 3 March 2000
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED demonstrates a consistently strong payment speed, with an average time of just 8 days. A remarkable 99% of invoices are settled within 30 days, indicating a highly efficient and prompt payment trajectory. This pattern suggests reliable financial operations and a commitment to timely disbursements.
Volatility Analysis
The payment data reveals minimal volatility, with 99% of payments consistently made within 30 days and only 1% extending to the 31-60 day period. There is virtually no risk of prolonged delays, as zero payments have been recorded over 60 days late. This indicates a highly reliable and predictable payment pattern, posing very low risk to suppliers regarding payment timing.
Summary Analysis
Based on their exemplary payment history, FINANCIAL SERVICES COMPENSATION SCHEME LIMITED is a highly reliable counterparty for suppliers, offering extremely predictable and swift payments. The key decision factor is their strong financial discipline, reflected in minimal late payments and no extended delays. No specific risk mitigation strategies beyond standard contract terms are recommended, given their outstanding payment record.
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 Apr 2025 - 30 Sept 2025 | 08 Oct 2025 | 8 | 99% | 1% | 0% | 1% |
| 01 Oct 2024 - 31 Mar 2025 | 11 Apr 2025 | 8 | 99% | 1% | 0% | 2% |
| 01 Apr 2024 - 30 Sept 2024 | 16 Oct 2024 | 8 | 98% | 1% | 1% | 2% |
| 01 Oct 2023 - 31 Mar 2024 | 04 Apr 2024 | 9 | 96% | 2% | 2% | 4% |
| 01 Apr 2023 - 30 Sept 2023 | 09 Oct 2023 | 8 | 99% | 1% | 0% | 1% |
| 01 Oct 2022 - 31 Mar 2023 | 20 Apr 2023 | 8 | 98% | 2% | 0% | 3% |
| 01 Apr 2022 - 30 Sept 2022 | 14 Oct 2022 | 8 | 99% | 1% | 0% | 2% |
| 01 Oct 2021 - 31 Mar 2022 | 06 Apr 2022 | 8 | 99% | 1% | 0% | 1% |
| 01 Apr 2021 - 30 Sept 2021 | 12 Oct 2021 | 9 | 99% | 1% | 0% | 2% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 10 | 96% | 3% | 1% | 6% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 14 | 95% | 4% | 1% | 7% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 14 | 96% | 3% | 1% | 9% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 12 | 97% | 3% | 0% | 6% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 12 | 98% | 2% | 0% | 7% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 16 | 93% | 7% | 0% | 17% |
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
Our standard payment period is 30 days from receipt of invoice for all contracts, unless a shorter period is specifically agreed. Our standard contract conditions can be found in the following location: https://www.fscs.org.uk/supplying-the-fscs/
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
30
Dispute Resolution Process
Complaints from suppliers are raised with the FSCS employee who ordered the goods/services, or with the Finance team. Colleagues will seek to understand the issue as soon as practical in order to ascertain if the complaint arises from within the business (e.g. preventing the invoice being approved) or from within Finance (e.g. preventing an approved invoice being paid) and the relevant colleague will then respond directly to the supplier.
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
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED operates as a financial services compensation scheme
As a private company limited by guarantee without share capital, its structure supports its stated purpose, typically without focusing on profit generation for shareholders
The company, which is active and registered under company number 03943048, was incorporated on 3 March 2000
Its registered office is located in London at 10th Floor Beaufort House, 15 St Botolph Street, EC3A 7QU
A financial services compensation scheme in the UK market provides protection for customers of authorised financial firms
This involves compensating eligible customers when financial services firms fail or cannot meet their financial obligations
Such organisations typically safeguard deposits, investments, and insurance policies for consumers
