Score of 98.6/100 qualifies for PaymentCheck Certification
The time taken for HANDELSBANKEN PLC to pay invoices has increased by 2 days over the past two periods, from an average of 16 days in the first period to 18 days in the third period. This indicates a slightly slower payment process for the company.
Overall, there is a slight increase in volatility in the time taken for HANDELSBANKEN PLC to pay invoices. This is shown by the changes in percentages for invoices paid within 30 days, between 31 and 60 days, and later than 60 days. While the changes are relatively small, they indicate a potential trend of delayed payments and a need for closer monitoring of payment processes.
Based on the data, HANDELSBANKEN PLC has seen a slight increase in the time taken to pay invoices, as well as an increase in delayed payments within the agreed terms. This could potentially lead to strained relationships with suppliers and potential penalties. It is important for the company to closely monitor and improve its payment processes to ensure timely payments and maintain good relationships with suppliers.
| 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 | 30 Jan 2026 | 15 | 98% | 2% | 0% | 3% |
| 01 Jan 2025 - 30 Jun 2025 | 09 Jul 2025 | 15 | 98% | 2% | 0% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 16 | 98% | 2% | 0% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 16 | 99% | 1% | 0% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 16 | 99% | 1% | 0% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
standard payment terms are 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Suppliers are asked to contact their main Handelsbanken Plc contact in the first instance and the business contact and Accounts Payable team will work together to resolve with the supplier
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
Handelsbanken PLC is a UK bank offering relationship-led banking through a branch network. Its own site describes it as providing personal and corporate banking alongside wealth management, with relationship managers based in over 120 branches. Services include current accounts, savings, mortgages, corporate banking, foreign exchange and wealth management, with an emphasis on customers dealing directly with a named relationship manager rather than automated systems. It also offers residential mortgages and commercial lending for property finance. Eligible deposits are protected under the Financial Services Compensation Scheme up to £120,000. The company is registered in London and operates under the SIC classification for banks.
Generated from the company's website and Companies House records. Sources: handelsbanken.co.uk · handelsbanken.co.uk