The data shows that the average time taken by LLOYDS BANK PENSION ABCS (NO 2) LLP to pay invoices has decreased over the past three periods. In the first period (2018-01-01 to 2018-06-30), the average time to pay was not available. However, in the second and third periods (2018-07-01 to 2018-12-31 and 2019-01-01 to 2019-06-30), the average time to pay was 30 days. This further decreased to 25 days in the fourth period (2019-07-01 to 2019-12-31) and continued to decrease in the fifth and sixth periods (2020-01-01 to 2020-06-30 and 2020-07-01 to 2020-12-31) with an average time to pay of 20 days. It then remained stable at 20 days in the seventh and eighth periods (2021-01-01 to 2021-06-30 and 2021-07-01 to 2021-12-31) before increasing to 25 days in the ninth period (2022-01-01 to 2022-06-30). This trend indicates that LLOYDS BANK PENSION ABCS (NO 2) LLP is paying its invoices at a faster rate over time.
The volatility of LLOYDS BANK PENSION ABCS (NO 2) LLP's payment behavior can be seen in the percentage of invoices paid within 30 days and those paid later than 60 days. In the first period (2018-01-01 to 2018-06-30), these percentages were not available. However, in the second and third periods (2018-07-01 to 2018-12-31 and 2019-01-01 to 2019-06-30), 100% of invoices were paid within 30 days. This percentage dropped to 80% in the fourth period (2019-07-01 to 2019-12-31) before increasing to 90% in the fifth and sixth periods (2020-01-01 to 2020-06-30 and 2020-07-01 to 2020-12-31). It then remained stable at 90% in the seventh and eighth periods (2021-01-01 to 2021-06-30 and 2021-07-01 to 2021-12-31) before decreasing to 80% in the ninth period (2022-01-01 to 2022-06-30). This indicates a moderate level of volatility in LLOYDS BANK PENSION ABCS (NO 2) LLP's payment behavior.
Looking at the three most recent periods (2020-07-01 to 2020-12-31, 2021-01-01 to 2021-06-30, and 2021-07-01 to 2021-12-31), we can see that LLOYDS BANK PENSION ABCS (NO 2) LLP has consistently paid its invoices within 30 days, with an average time to pay of 20 days. This is a good improvement from the previous periods, where the percentage of invoices paid within 30 days ranged from 80% to 90%. However, there is a slight increase in the average time to pay in the most recent period (2022-01-01 to 2022-06-30) at 25 days. This could be an area for improvement for the company.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 |
LLOYDS BANK PENSION ABCS NO 2 LLP is an active limited liability partnership, incorporated on 12 November 2009, based in the London region.
From Companies House records.