SANTANDER UK OPERATIONS LIMITED
Company Information
- Company Number
- 04137550
- Registered Address
- 2 Triton Square, Regent's Place, London, NW1 3AN
- Status
- Active
- Employee Count
- 0
- Turnover
- £10,000
- EBITDA
- £8,000
Additional Details
- Website
- https://santander.com
- Company Type
- Private limited Company
- Incorporated On
- 9 January 2001
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
From 2019 to 2022, there has been a fluctuating trend in the average time taken for SANTANDER UK OPERATIONS LIMITED to pay invoices to suppliers. In 2019, the average time was at its lowest with 22 days, but then increased significantly to 47 days in the second half of the year. This trend continued into 2020, with a decrease in the first half of the year to 26 days, followed by another increase in the second half to 29 days. However, in 2021, there was a sharp increase to 85 days, before dropping back down to 30 days in the first half of 2022.
Volatility Analysis
The volatility of the average time taken to pay invoices for SANTANDER UK OPERATIONS LIMITED can be seen in the changes between periods. There have been significant fluctuations in the percentage of invoices paid within 30 days, ranging from 39% to 87%. Similarly, the percentage of invoices paid later than 60 days has ranged from 8% to 48%. These fluctuations indicate a lack of consistency in the payment process for the company.
Summary Analysis
In the first half of 2019, SANTANDER UK OPERATIONS LIMITED had an average time of 22 days to pay invoices, with 85% of invoices being paid within 30 days and only 8% being paid later than 60 days. However, in the second half of 2019, the average time increased to 47 days, with only 39% of invoices being paid within 30 days and 21% being paid later than 60 days. This shows a significant decrease in prompt payments and an increase in delayed payments.
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 2022 - 30 Jun 2022 | 02 Aug 2022 | 30 | 86% | 14% | 0% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 85 | 52% | 0% | 48% | 48% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 29 | 87% | 0% | 13% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 26 | 77% | 14% | 9% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 47 | 39% | 40% | 21% | 61% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 22 | 85% | 8% | 8% | 15% |
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
Santander UK Operations Limited payment terms are 30 days. There are no contracts for which there are longer payment terms and there have been no changes to this arrangement in the period.
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
30
Dispute Resolution Process
If a supplier has a dispute regarding payment, there is an established escalation and investigation process in place. Should the supplier remain unhappy at the outcome of the initial escalation and investigation, they can refer the matter to an independent body. Information regarding this process is included in the standard contract 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
Company Summary
SANTANDER UK OPERATIONS LIMITED is a subsidiary of the Spanish banking giant Santander, operating in the United Kingdom. The company offers a wide range of financial services including personal and business banking, mortgages, loans, and insurance products.
One of the key focuses of SANTANDER UK OPERATIONS LIMITED is sustainability. The company has a strong sustainability program in place which aims to reduce its carbon footprint and promote responsible business practices. This includes initiatives such as reducing paper usage, investing in renewable energy, and partnering with local communities.
The company's products and services are designed to meet the diverse needs of their customers. This includes a variety of current and savings accounts, credit cards, and investment options. SANTANDER UK OPERATIONS LIMITED also offers specialized services for small businesses and corporate clients.
The key people at SANTANDER UK OPERATIONS LIMITED include CEO Nathan Bostock and Chairman Shriti Vadera, both of whom have extensive experience in the banking industry. The company also has a dedicated team of experts who work towards providing excellent customer service and driving the company's sustainability efforts.
For those looking to contact SANTANDER UK OPERATIONS LIMITED, their website address is www.santander.co.uk and their registered office address is 2 Triton Square, Regent's Place, London, NW1 3AN. The company also has a strong presence on social media and can be reached through their official handles on platforms such as Twitter, Facebook, and LinkedIn. Overall, SANTANDER UK OPERATIONS LIMITED is committed to providing quality financial services while also striving towards a more sustainable future.
