ONESAVINGS BANK PLC
Company Information
- Company Number
- 07312896
- Registered Address
- Reliance House, Sun Pier, Chatham, Kent, ME4 4ET
- Status
- Active
- Employee Count
- 1,896
- Turnover
- £1,135,000,000
- EBITDA
- £789,000,000
Additional Details
- Website
- https://kentreliance.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 13 July 2010
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 | 31 Jul 2025 | 7 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 9 | 99% | 1% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 7 | 99% | 0% | 0% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 9 | 99% | 1% | 0% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 9 | 97% | 2% | 1% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 11 | 96% | 4% | 0% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 9 | 97% | 3% | 0% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 11 | 92% | 7% | 1% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 10 | 92% | 7% | 1% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 15 | 96% | 3% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 14 | 95% | 4% | 1% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 14 | 96% | 3% | 1% | 4% |
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
Where we enter into standard terms with suppliers they would usually include payment terms requiring payment within 30 days of invoice date. Following receipt of a valid invoice, those invoices are processed and matched to an approved purchase order, and thereafter included in the next weekly payment run.
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
45
Dispute Resolution Process
Any complaints should be submitted to the OneSavings Bank plc member of staff managing the contract. If required, they may escalate the dispute to the relationship manager and thereafter the Executive. If there is any further dispute, this would be escalated and referred to the Legal team.
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
OneSavings Bank PLC is a UK-based bank that was established in 2011
The bank offers a variety of financial products and services, including savings accounts, mortgages, personal loans, and insurance
\n\nAs part of their sustainability program, OneSavings Bank PLC is committed to being a responsible and ethical business
They have set targets to reduce their carbon footprint and are working towards becoming a carbon-neutral organization
The bank also supports various community initiatives and encourages their employees to volunteer in local projects
\n\nThe bank's key people include its Chief Executive Officer, Andy Golding, and Chairman, David Weymouth
They are supported by a team of experienced executives and directors
\n\nOneSavings Bank PLC's website address is www.osb.co.uk, where customers can access information about their products and services, as well as manage their accounts online
The bank's registered office address is Reliance House, Sun Pier, Chatham, Kent, ME4 4ET
\n\nIn summary, OneSavings Bank PLC is a sustainable and customer-focused bank that offers a range of financial products and services
They are committed to being a responsible business and have a strong leadership team driving their operations
Customers can easily access their services through their website and the bank's registered office is located in Chatham, Kent
