Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 | 05 Aug 2025 | 37 | 78% | 16% | 6% | 12% |
| 01 Jan 2024 - 31 Dec 2024 | 03 Feb 2025 | 51 | 69% | 23% | 8% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 41 | 55% | 35% | 9% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 50 | 22% | 69% | 9% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 calendar days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Suppliers address their questions or requests to their Citi Business contacts and the Business unit informs the SCO Payables Customer Service team asking for advice or resolution. Suppliers do have the opportunity to directly engage with the Customer Service team, in this case the team involves the related Citi Business to ensure full transparency.
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
Citigroup Centre 1 Limited is a UK-registered company incorporated in 2007, with its registered office at Citigroup Centre, Canary Wharf, London, an address associated with the Citi banking group. Companies House records its nature of business as development of building projects, indicating it operates as a property development entity, likely linked to the Citigroup Centre building itself rather than to Citi's core banking operations. No further detail on specific developments or projects undertaken by this entity is available from the supplied evidence. It should be understood as a property vehicle within the wider Citi corporate structure rather than a bank in its own right.
Generated from the company's website and Companies House records.