Industry ranking
Score of 94.33/100 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 | 19 Jan 2026 | 22 | 98% | 2% | 0% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 24 | 95% | 4% | 1% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 23 | 99% | 1% | 0% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 23 | 98% | 2% | 0% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 22 | 97% | 3% | 0% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 23 | 94% | 5% | 1% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 21 | 92% | 6% | 2% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 22 | 86% | 11% | 3% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 21 | 85% | 14% | 2% | 35% |
| 01 Nov 2020 - 31 Dec 2020 | 28 Jan 2021 | 16 | 92% | 8% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Scottish Widows Schroder Personal Wealth agrees suitable terms of payment with suppliers on an individual basis for transactions and abides by those terms based on the correct submission of invoices
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 can contact the dedicated accounts payable team, finance@spw.com. Such contacts would seek to deal with any disputes promptly in accordance with the terms of the contract
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This company, registered as Scottish Widows Schroder Personal Wealth Limited, has since been renamed and now trades as Lloyds Wealth Management Limited, having also been recorded under the name Red Box Opco Limited. It is registered for financial management, wealth, asset and investment management activities. Companies House records show it as a subsidiary within the Lloyds Banking Group corporate structure, with Scottish Widows Schroder Wealth Holdings Limited holding a controlling shareholding. The entity's own role sits within the wider group's wealth management operations rather than as an independent trading business. It remains an active company registered in London.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · opengovuk.com · lei-lookup.com