Industry ranking
Score of 96.9/100 qualifies for PaymentCheck Certification
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.
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.
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.
| 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 2025 - 31 Dec 2025 | 02 Feb 2026 | 12 | 95% | 4% | 1% | 5% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 12 | 95% | 4% | 1% | 5% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 9 | 97% | 2% | 1% | 3% |
This information is as reported by the business, and responses are in their own words.
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
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Firstbank UK Limited is a bank registered in London, previously named FBN Bank (UK) Limited until February 2023. Companies House records its nature of business as banking (SIC 64191), and its associated website describes it as offering corporate banking, institutional banking and private banking services. It is registered with the Information Commissioner's Office as a data protection fee payer and holds property titles in Greater London. The company has one recorded subsidiary, FBN Limited. It remains an active, private limited company and should appear on the FCA's register of authorised firms if it conducts regulated banking activity.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk