OAKNORTH BANK PLC
Company Information
- Company Number
- 08595042
- Registered Address
- 3rd Floor, 57, Broadwick Street, Soho, London, England, W1F 9QS
- Status
- Active
- Employee Count
- 146
- Turnover
- £269,026,000
- EBITDA
- £152,713,000
Additional Details
- Website
- https://oaknorth.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 3 July 2013
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- 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 | 28 Jul 2025 | 10 | 97% | 2% | 1% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 10 | 97% | 2% | 1% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 17 | 90% | 6% | 4% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 15 | 92% | 5% | 3% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 19 | 89% | 6% | 5% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 21 | 84% | 9% | 7% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 25 | 79% | 11% | 10% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 31 | 72% | 14% | 14% | 35% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Aug 2021 | 29 | 75% | 13% | 12% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Aug 2021 | 30 | 72% | 15% | 13% | 43% |
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
Within 30 days from date of receipt of a valid invoice
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
60
Dispute Resolution Process
Where there is a dispute, the initial contact point is the relevant supplier relationship lead in OakNorth Bank plc. During the period of dispute, the supplier is notified and the payment is withheld. Where disputes are more significant, these are resolved in accordance with the process outlined in the individual supplier contracts.
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
OAKNORTH BANK PLC is a British bank that was founded in 2015. The bank primarily focuses on providing financial services to small and medium-sized enterprises (SMEs). Their mission is to help businesses grow and prosper by providing them with tailored financial solutions.
OAKNORTH BANK PLC has a strong sustainability program in place, which is aligned with the United Nations' Sustainable Development Goals. This includes initiatives to reduce their carbon footprint, promote diversity and inclusion, and support local communities. The bank also has a green finance offering, providing financing for environmentally-friendly projects.
The bank offers a variety of products and services to its customers, including loans, overdrafts, savings accounts, and cash management services. They also have a digital platform, OakNorth Analytical Intelligence, which uses artificial intelligence to provide credit analysis and risk management solutions.
The key people at OAKNORTH BANK PLC include Rishi Khosla, the co-founder and CEO, and Joel Perlman, the co-founder and COO. Both have extensive experience in the financial sector and have been recognized for their contributions to the industry.
For more information on OAKNORTH BANK PLC's products and services, customers can visit their website at www.oaknorth.com. The bank's registered office address is 6th Floor, 33 Cavendish Square, London, W1G 0PW, United Kingdom. Customers can also contact the bank through their customer service hotline at +44 (0) 203 950 3000.
