TSB BANK PLC
Company Information
- Company Number
- SC095237
- Registered Address
- Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH
- Status
- Active
- Employee Count
- 5,568
- Turnover
- £2,098,000,000
- EBITDA
- £372,000,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 24 September 1985
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 | 8 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 07 Feb 2025 | 9 | 97% | 3% | 0% | 3% |
| 01 Jan 2024 - 01 Jul 2024 | 24 Jul 2024 | 9 | 98% | 2% | 0% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 8 | 99% | 1% | 0% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 10 | 97% | 3% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 9 | 98% | 2% | 0% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 12 | 94% | 5% | 1% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 12 | 95% | 4% | 1% | 6% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 days, unless supplier contracts dictate differently
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
60
Dispute Resolution Process
Disputes and complaints should be sent to the Accounts Payable Queries team via the email address Apqueries@tsb.co.uk. Our service level agreement is to respond to queries within 48 hours (working days) of receipt
Other Payment Information
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
Company Summary
TSB BANK PLC is a British bank that was established in 2013 and is headquartered in Edinburgh, Scotland. The bank offers a range of banking and financial services to both personal and business customers.
One of the key activities of TSB BANK PLC is providing traditional banking services such as current and savings accounts, mortgages, loans, and credit cards. They also offer online and mobile banking services to make banking more convenient for their customers.
In addition to their banking services, TSB BANK PLC has a strong focus on sustainability. They have implemented various initiatives to reduce their environmental impact, such as using renewable energy sources and reducing their carbon footprint. The bank also supports community projects and charities through their TSB Local Charity Partnerships program.
The bank's sustainability efforts are led by their CEO, Debbie Crosbie, who is committed to making TSB BANK PLC a responsible and sustainable business. The bank has also set up a Responsible Business Committee to oversee their sustainability strategy and ensure it is integrated into all aspects of the business.
TSB BANK PLC also offers a range of products and services to support their customers' financial wellbeing. These include financial advice and planning services, as well as tools and resources to help customers manage their money more effectively.
Customers can contact TSB BANK PLC through their website or by visiting one of their 500 branches across the UK. The bank's registered office address is Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. Through their commitment to sustainability and providing a wide range of financial services, TSB BANK PLC continues to be a trusted and reliable bank for individuals and businesses in the UK.
