BANK OF LONDON AND THE MIDDLE EAST PLC
Company Information
- Company Number
- 05897786
- Registered Address
- 20 Churchill Place Canary Wharf, London, England, E14 5HJ
- Status
- Active
- Employee Count
- 150
- Turnover
- £56,227,000
- EBITDA
- -£8,080,000
Additional Details
- Website
- https://blme.com
- Company Type
- Public limited Company
- Incorporated On
- 7 August 2006
- Nature of Business
- 64191 - Banks
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 10 Jul 2025 | 15 | 93% | 7% | 0% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Jan 2025 | 14 | 94% | 6% | 0% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 18 | 90% | 7% | 3% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Jan 2024 | 23 | 84% | 11% | 5% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 02 May 2023 | 30 | 62% | 30% | 8% | 52% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 26 | 65% | 25% | 10% | 45% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 20 | 97% | 3% | 0% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 17 | 90% | 10% | 0% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 15 | 94% | 6% | 0% | 18% |
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
Our standard payment period 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
Dispute Resolution Process
In respect of dealing with complaints from suppliers under qualifying contracts, queries should be sent direct to accounts.payable@blme.com The accounts payable department will at the first instance be able to give an update on the status of the outstanding invoice to the supplier. The accounts payable department aim to respond within 24 hours on receipt an email during a working week. If an invoice is being disputed internally due to an external issue, the accounts payable department will highlight this to the supplier and advise them to make contact with relationship manager at the bank to provide more clarify of the issue.
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.
❌
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
BANK OF LONDON AND THE MIDDLE EAST PLC (BLME) is a UK-based Islamic bank that provides a range of financial products and services to its customers. The bank is committed to sustainability and has implemented various initiatives to reduce its environmental impact and support sustainable development.
One of BLME's key sustainability programs is the Green Finance Initiative, which offers financing solutions for eco-friendly projects. The bank also follows strict ethical and Shariah principles in all its operations, ensuring that its products and services are in line with Islamic values.
BLME offers a range of products and services including corporate banking, commercial real estate finance, private banking, and asset management. The bank also provides financing for renewable energy projects, supporting the transition to a low-carbon economy.
The bank's key people include its chairman, Mr. Robert Hingley, and its CEO, Mr. Khaleefa Butti Omair Yousif Al Muhairi. They are supported by a team of experienced bankers and industry experts.
BLME's registered office address is 11th Floor, 1 Knightsbridge Green, London, SW1X 7NE, United Kingdom. The bank can be contacted through its website (www.blme.com) or by phone at +44 (0) 20 7280 6000.
In conclusion, BANK OF LONDON AND THE MIDDLE EAST PLC is a leading Islamic bank in the UK that is committed to sustainability and offering ethical financial products and services. Its experienced leadership team and innovative initiatives make it a reputable choice for customers looking for sustainable banking options.
