Score of 98.1/100 qualifies for PaymentCheck Certification
ZENITH BANK (UK) LIMITED demonstrates exceptionally strong payment performance, with an average settlement time of just 4 days and 97% of invoices paid within 30 days. The minimal presence of late-stage payments — only 2% in the 31–60 day bracket and 1% beyond 60 days — indicates a consistently fast and well-managed payment cycle. This trajectory reflects a highly disciplined accounts payable process with no meaningful signs of deterioration.
With only 3% of payments classified as late, ZENITH BANK (UK) LIMITED presents a very low-risk payment profile and a high degree of predictability for cash flow planning purposes. The concentration of 97% of payments within the standard 30-day window leaves very little room for unexpected delays, reducing the likelihood of dispute or follow-up administration. The residual 3% late payment rate is negligible and unlikely to represent a systemic issue.
ZENITH BANK (UK) LIMITED is a highly reliable payment partner, and suppliers can engage with confidence given the 4-day average payment time and near-universal on-time settlement rate. Standard payment terms of 30 days are more than sufficient, and there is no data-driven justification for requiring prepayment or shortened terms. As a low-risk precaution, suppliers may wish to maintain routine invoice tracking, but credit exposure concerns are minimal based on the available data.
| 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 | 29 Jul 2025 | 4 | 97% | 2% | 1% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
After receipt of complete invoices, necessary supporting documents and complete supply of services/goods against which invoices are 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
30
The disputed invoices, if any, are raised by respective supplier to the respective user availing services/purchasing goods. For general payment related queries email is sent to accountspayable@zenith-bank.co.uk keeping banks business contact in loop. We don't have any identified disputed issues related to invoices.
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
Zenith Bank (UK) Limited is a private limited company operating within the UK banking and financial services sector. As a registered bank, the organisation provides professional banking services to its clients from its base in London.
The company was incorporated on 17 February 2006 and is registered in England and Wales under company number 05713749. Its registered office is located at 39 Cornhill, London, EC3V 3ND, positioning it within the heart of the City of London's established financial district.
As a UK-based banking institution, Zenith Bank (UK) Limited operates within a regulated financial services environment overseen by the relevant UK regulatory authorities. Banks of this type typically offer services such as corporate banking, trade finance, treasury services, and account management to business and institutional clients.
With nearly two decades of operation since its incorporation in 2006, Zenith Bank (UK) Limited maintains an active status, reflecting its continued presence within the UK financial services landscape.