Score of 89.6/100 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 2024 - 31 Dec 2024 | 10 Jan 2025 | 22 | 85% | 9% | 6% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 28 | 69% | 21% | 10% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 32 | 64% | 25% | 11% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For Goods not for Resale suppliers, standard terms are 30 days. Goods for Resale suppliers are allocated terms based on the category they supply, ranging from 0 to 60 days.
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
We have a dedicated Accounts Payable team who oversee invoice payments. Payment queries can be emailed directly to accounts@clear.bank. If required, issues are escalated to the business contact responsible for managing that supplier and will seek to resolve that dispute as quickly as possible.
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
CLEARBANK LIMITED is a UK-based bank that offers sustainable banking solutions to its clients. The bank was founded in 2017 and is headquartered in London, with a registered office at 62-64 Cornhill, London EC3V 3NH.
The bank primarily focuses on providing financial services to other banks, fintech companies, and financial institutions. It offers a range of products and services, including payment processing, account opening, and lending solutions. The bank also offers a secure and reliable payment infrastructure to its clients.
One of the key focuses of CLEARBANK LIMITED is sustainability. The bank has a dedicated sustainability program in place that aims to reduce its carbon footprint and promote responsible banking practices. The bank has set targets to reduce its greenhouse gas emissions and increase the use of renewable energy sources in its operations.
The bank has also introduced sustainable banking products, such as green loans and green mortgages, to encourage its clients to invest in environmentally friendly projects. It also offers responsible investment options for its clients who are looking to make a positive impact through their investments.
The key people at CLEARBANK LIMITED include Nick Ogden (Founder and Executive Chairman), Charles McManus (CEO), and Andrew Smith (CFO). The bank has a team of experienced professionals who are committed to providing excellent service to their clients.
Clients can contact CLEARBANK LIMITED through their website (https://www.clear.bank/) or by visiting their registered office. The bank's website also provides information on their sustainability initiatives and products. With its focus on sustainability and innovative banking solutions, CLEARBANK LIMITED is making a positive impact in the UK banking industry.