Industry ranking
| 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 2022 - 31 Dec 2022 | 16 Feb 2023 | 94 | 54% | 7% | 39% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 02 Aug 2022 | 26 | 71% | 20% | 9% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 09 Feb 2022 | 17 | 92% | 3% | 5% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 29 | 69% | 21% | 9% | 31% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 18 | 89% | 5% | 6% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 19 | 85% | 10% | 5% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 23 | 80% | 14% | 6% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 21 | 83% | 12% | 5% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Santander UK Technology 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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
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.
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
Santander UK Technology Limited is a UK-registered company with an information technology consultancy classification, forming part of the wider Santander UK group. The group, trading as Santander, provides retail and business banking services in the UK, including current accounts, savings, mortgages, loans, credit cards and insurance products, as described on its consumer-facing site. This entity itself is not customer-facing; its registered purpose relates to technology consultancy activities supporting the group's operations rather than direct provision of banking products. It is based in London and remains an active company on the UK register, incorporated in 2004.
Generated from the company's website and Companies House records. Sources: santander.co.uk