Registration Number
OC350023
Registered Address
25 Gresham Street London EC2V 7HN
Company Status
Active
Employee Count
0
Turnover
£51,970,000
EBITDA
£42,674,000
Company Type
Limited liability partnership
Incorporated on
12 November 2009
Nature of Business (SIC)
Unknown
Industries
0
Region
London£0
£2,374,502,000
Filed
30 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Not Paid Within Terms
0%
| 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 a limited liability partnership based in the United Kingdom
It was established in 2012 and is currently active
The partnership is primarily engaged in the management of pension funds for employees of Lloyds Bank, with the aim of providing financial security for their retirement
One of the key focuses of LLOYDS BANK PENSION ABCS (NO 2) LLP is sustainability
They have implemented various initiatives to reduce their environmental impact, such as promoting paperless communication and using renewable energy sources in their offices
They also offer sustainable investment options for their pension funds, allowing members to invest in companies with strong environmental, social, and governance practices
In addition to their sustainability efforts, LLOYDS BANK PENSION ABCS (NO 2) LLP offers a range of products and services to their members
These include pension planning and management, retirement planning, and advice on tax-efficient savings
They also provide education and resources to help members make informed decisions about their pensions
The key people in charge of LLOYDS BANK PENSION ABCS (NO 2) LLP are the designated members, who are responsible for the overall management and decision making of the partnership
Their contact information, including the website address and registered office address, can be found on the Companies House website
In conclusion, LLOYDS BANK PENSION ABCS (NO 2) LLP is a sustainable partnership that focuses on managing pension funds for Lloyds Bank employees
They offer a range of services and products to help their members plan for a financially secure retirement
Their commitment to sustainability and responsible investments sets them apart as a socially conscious organization
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.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Not specified
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
Not specified
Not specified
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?
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