The data shows that there has been a consistent increase in the average time taken for HSBC GLOBAL SERVICES (CHINA) HOLDINGS LIMITED to pay their invoices over the past three years.
The volatility of the data is relatively low, with small fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a noticeable increase in the percentage of invoices paid later than 60 days in the most recent period.
In the first period of 2018, HSBC GLOBAL SERVICES (CHINA) HOLDINGS LIMITED had an average time to pay of 0 days, meaning they were paying their invoices on time. However, in the most recent period of 2023, this average time to pay has increased to 49 days.
| 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 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 |
HSBC Global Services China Holdings Limited is a registered UK entity within the HSBC group, classified under activities of financial services holding companies. It is registered at HSBC's London head office and does not itself provide customer-facing banking services. The wider HSBC Group, whose corporate website describes it as "one of the largest banking and financial services institutions in the world", serves customers globally through banking and financial services across several business lines. This entity's own role is as a holding company linked to HSBC's operations connected to China, rather than an operating or trading business in its own right. No further detail on its specific holding functions is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: hsbc.com