LLOYDS BANK CORPORATE MARKETS PLC
Company Information
- Company Number
- 10399850
- Registered Address
- 25 Gresham Street, London, EC2V 7HN
- Status
- Active
- Employee Count
- 826
- Turnover
- £984,000,000
- EBITDA
- £510,000,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 28 September 2016
- 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 | 30 Jul 2025 | 12 | 90% | 6% | 4% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 10 | 96% | 3% | 1% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 10 | 96% | 3% | 2% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 10 | 96% | 2% | 2% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 13 | 93% | 4% | 3% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 18 | 87% | 6% | 7% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 17 | 89% | 7% | 4% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 15 | 91% | 5% | 4% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Dec 2021 | 14 | 88% | 8% | 4% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 09 Dec 2021 | 16 | 88% | 4% | 8% | 14% |
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
Standard payment terms are 30 days after receipt of a correct, undisputed, timely provided and properly due VAT invoice. In some circumstances, Lloyds Bank Corporate Markets Plc agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoice Receipt Date We are currently only able to record the date of receipt of invoices for circa 84% of reportable invoices in this report. Where the date we receive an invoice is not available, we have reported on the date of the invoice itself, as we consider this the most justifiable alternative. Unknown payment terms For certain suppliers, our systems do not currently capture details of the payment terms in place under qualifying contracts with those suppliers. Therefore, for the purposes of reporting on our payment statistics for those qualifying contracts, we have assumed that all payments under those contracts are due within 30 days of the date of receipt of the invoice, which reflects our most commonly used contractual payment terms. Discrepancy between contracting entity and paying entity Our payment statistics include some payments made by Lloyds Bank Corporate Markets Plc where, although we are not the contracting entity for the relevant qualifying contract, the services have been received and paid for by Lloyds Bank Corporate Markets Plc. Sufficient link to the UK Our payment statistics may include some payments made to non-UK entities where we have been unable to ascertain whether the contract has a sufficient link to the UK to meet the criteria for reporting. It is not LLOYDS BANK CORPORATE MARKET PLC policy to differentiate supplier payment terms based on supplier jurisdiction and our payment practices for non-UK entities are representative of those followed for UK entities.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Suppliers can raise queries with their appointed managers in the first instance. They can also contact the dedicated accounts payable team (LloydsInvoiceEnquiries@Lloydsbanking.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior contacts, as needed), in accordance with the terms of the contract.
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.
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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?
❌
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
LLOYDS BANK CORPORATE MARKETS PLC is a financial institution based in the United Kingdom that offers a wide range of financial services to corporate clients. The company is a subsidiary of Lloyds Banking Group and was founded in 2010.
One of the key activities of LLOYDS BANK CORPORATE MARKETS PLC is providing financial solutions to its corporate clients. This includes services such as corporate lending, trade finance, risk management, and asset financing. The company also offers treasury and cash management services, as well as investment banking and capital markets solutions.
A major focus of LLOYDS BANK CORPORATE MARKETS PLC is sustainability, and the company has a strong sustainability program in place. This includes promoting responsible and ethical business practices, managing environmental impacts, and supporting communities through various initiatives. The company also offers sustainable finance solutions to its clients, helping them to achieve their own sustainability goals.
The key people at LLOYDS BANK CORPORATE MARKETS PLC include the CEO, John Chambers, and the Chairman, Robin Budenberg. The company has a team of experienced and knowledgeable professionals who are dedicated to providing excellent service to their clients.
For more information, LLOYDS BANK CORPORATE MARKETS PLC can be contacted through their website at www.lloydsbankcorporatemarkets.com. Their registered office address is 25 Gresham Street, London, EC2V 7HN, United Kingdom.
