Score of 93.23/100 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 2021 - 31 Dec 2021 | 09 Feb 2022 | 11 | 95% | 3% | 2% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 19 | 83% | 11% | 5% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 13 | 93% | 4% | 3% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 17 | 86% | 10% | 4% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 16 | 93% | 5% | 2% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 29 | 77% | 15% | 9% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 28 | 83% | 9% | 7% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 35 | 80% | 11% | 8% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Santander UK Group Holdings payment terms are 30 days. There are no contracts for which there are longer payment terms and there have been no changes to this arrangement in the period. There are a small number of suppliers with Santander UK for which we have 14 days payment terms, these were agreed as part of specific contract negotiations.
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
If a supplier has a dispute regarding payment, there is an established escalation and investigation process in place. Should the supplier remain unhappy at the outcome of the initial escalation and investigation, they can refer the matter to an independent body. Information regarding this process is included in the standard contract terms.
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
Santander UK Group Holdings PLC is registered as a financial services holding company, according to its Companies House classification. It sits within the wider Santander UK group, whose retail banking arm trades as Santander and offers current accounts, savings, mortgages, credit cards, loans and insurance to personal and business customers in the UK. The holding company itself does not carry out customer-facing banking activities directly; its role is to hold interests within the corporate group. The group's banking operations include branch banking, online banking, and products such as regular savers, ISAs, credit cards and home insurance underwritten by third parties.
Generated from the company's website and Companies House records. Sources: santander.co.uk · santander.co.uk