Industry ranking
Score of 99.4/100 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 5 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 6 | 99% | 1% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 7 | 97% | 2% | 1% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 6 | 98% | 1% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 7 | 97% | 2% | 1% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 7 | 97% | 2% | 1% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 13 | 90% | 6% | 4% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 30 | 87% | 8% | 5% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 54 | 85% | 6% | 9% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 15 | 91% | 5% | 4% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 12 | 96% | 2% | 2% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 14 | 95% | 2% | 2% | 4% |
| 01 Jan 2019 - 28 Jun 2019 | 29 Jul 2019 | 14 | 94% | 3% | 3% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 16 | 93% | 4% | 3% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 11 | 96% | 2% | 2% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
NA
Maximum contractual payment period agreed
60
The Business completes the Account Payables Dispute Process form, the business advice the supplier that the invoice will be returned unpaid to them. Once the dispute is resolved, they will be required to submit a new invoice.
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
NatWest Markets Plc was formerly known as The Royal Bank of Scotland plc, being renamed on 30 April 2018. The change formed part of a group-wide restructuring by The Royal Bank of Scotland Group plc to comply with UK ring-fencing rules, which required retail and investment banking activities to be separated by January 2019. NatWest Markets Plc now operates as one of the licensed banks sitting outside the ring-fenced structure, alongside the ring-fenced sub-group NatWest Holdings Ltd. Its India branch also received regulatory approval to adopt the NatWest Markets name in 2019. The company is registered in Edinburgh and its stated business activity relates to auxiliary financial intermediation services.
Generated from the company's website and Companies House records. Sources: rbs.in