Industry ranking
Score of 97.8/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 10 | 96% | 3% | 1% | 4% |
| 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 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 13 | 95% | 3% | 2% | 6% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
OakNorth Bank Plc is a UK-regulated digital bank offering business finance, business banking and personal savings accounts. It provides business loans typically from £1 million upwards to support company growth, alongside current accounts, cards and payment services for businesses, and a range of savings products including easy access, fixed term and cash ISA accounts for individuals. Eligible deposits are protected under the Financial Services Compensation Scheme. The bank states it has lent over £15bn since launch, funded via deposits from over 400,000 savers, and describes itself as one of the few profitable digital banks. It serves sectors including care, childcare and education, real estate and hospitality.
Generated from the company's website and Companies House records. Sources: oaknorth.co.uk · oaknorth.co.uk