ICICI BANK UK PLC
Company Information
- Company Number
- 04663024
- Registered Address
- One, Thomas More Square, London, England, E1W 1YN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 11 February 2003
- Nature of Business
- 64191 - Banks
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
ICICI BANK UK PLC demonstrates a strong trend of timely payments, with an average payment time of 20 days. A significant 89% of invoices are consistently settled within 30 days, indicating a very efficient payment cycle. This consistent speed suggests a predictable and favorable payment trajectory for suppliers.
Volatility Analysis
While most payments are prompt, 11% of invoices are paid late, with 4% extending beyond 60 days, introducing a minor degree of unpredictability. This small segment of late payments represents a low-level risk factor for suppliers, though the overall reliability remains high. The low percentage of very late payments (over 60 days) limits significant volatility in payment expectations.
Summary Analysis
Suppliers can generally expect prompt payment from ICICI BANK UK PLC, making them a low-risk partner for credit terms. Key decision factors should include the 89% on-time payment rate and the average 20-day settlement period. For the small percentage of potentially late payments, consider risk mitigation strategies such as establishing clear late payment clauses or setting slightly conservative cash flow projections.
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 | 29 Oct 2025 | 20 | 89% | 7% | 4% | 11% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 16 | 90% | 8% | 2% | 10% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 7 | 97% | 3% | 0% | 3% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 15 | 90% | 7% | 3% | 10% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 16 | 92% | 7% | 1% | 9% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 18 | 86% | 12% | 2% | 15% |
| 01 Apr 2022 - 30 Sept 2022 | 18 Oct 2022 | 19 | 82% | 15% | 3% | 18% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 19 | 86% | 9% | 4% | 16% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 28 | 71% | 20% | 9% | 39% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 15 | 95% | 5% | 0% | 14% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 21 | 78% | 15% | 7% | 28% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 13 | 92% | 7% | 1% | 15% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 17 | 88% | 10% | 2% | 22% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 16 | 89% | 8% | 3% | 19% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 26 | 73% | 19% | 8% | 41% |
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
After receipt of invoice which is duly complete with all necessary details, other supportings if required and supply of goods/Services complete as agreed with Vendor, against which invoice is being raised, standard payment terms is 30 days.
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
60
Dispute Resolution Process
If there are any disputes related to the invoice, the respective branch/unit/department takes it up with respective vendor. Or vendor, if it requires takes it up with respective Branch/unit/department receiving the services or goods. For general payment related queries, email is sent to accountspayableuk email id.
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.
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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.
❌
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
ICICI BANK UK PLC operates as a banking institution, structured as a public limited company in the United Kingdom
Its company name clearly indicates its core business in financial services
The company is an active public limited company, registered under company number 04663024
It was incorporated on 11 February 2003, with its registered office located at One, Thomas More Square, London, England, E1W 1YN
The company's designated location within the directory is 'Other'
As a public limited company operating in the UK banking sector, ICICI BANK UK PLC would typically provide a comprehensive range of financial products and services
These generally include current and savings accounts, loans, mortgages, credit facilities, and international payment services to both individual and business clients
