FIRSTBANK UK LIMITED
Company Information
- Company Number
- 04459383
- Registered Address
- 28 Finsbury Circus, London, EC2M 7DT
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 June 2002
- Nature of Business
- 64191 - Banks
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
FIRSTBANK UK LIMITED demonstrates an exceptionally strong payment trend, with an average payment time of just 12 days and 95% of invoices settled within 30 days. This indicates highly consistent and efficient payment processing, establishing a predictable and favorable trajectory for suppliers.
Volatility Analysis
Payment reliability is very high, with only 5% of payments classified as late; specifically, 4% occur between 31-60 days and 1% extend beyond 60 days. This low volatility confirms predictable payment behavior, presenting minimal risk of significant or unexpected payment delays for suppliers.
Summary Analysis
Overall, FIRSTBANK UK LIMITED is a highly reliable payer, making them an excellent counterparty for suppliers due to their rapid and consistent payment performance. Suppliers can establish standard credit terms with confidence, though routine monitoring is always prudent to manage the minimal existing risk of minor delays.
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 2025 - 30 Jun 2025 | 31 Jul 2025 | 12 | 95% | 4% | 1% | 5% |
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
Where FirstBank UK Limited agrees terms of payment with suppliers for each transaction or series of transactions, it will comply with those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the Bank’s process is to pay within 30 days of receipt of a valid invoice to accounts payable.
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
The FirstBank UK Limited and the supplier will first attempt to resolve any dispute through informal discussion between the Bank’s relevant head of department and the supplier. If this is unsuccessful the matter is referred internally for formal discussion between an executive of the Bank and the supplier. Should the parties remain unable to resolve the dispute either party, at their discretion may then refer to the matter to court.
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.
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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.
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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.
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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
FIRSTBANK UK LIMITED operates as a private limited company primarily engaged in providing banking services. Its company name clearly indicates its core function within the financial sector.
The company is an active private limited company, incorporated on 12 June 2002, and holds company number 04459383. Its registered office is situated at 28 Finsbury Circus, London, EC2M 7DT, establishing its presence in London.
As a banking institution operating in the UK market, a private limited company of this type typically provides a range of financial services. These commonly include current and savings accounts, various lending products such as personal and business loans, and payment solutions for clients.
