The average time to pay for SCOTTISH WIDOWS GROUP LIMITED has been consistent over the past three years, with an average of 30 days. However, there has been a slight increase in the percentage of invoices paid within 30 days, from 75% in 2018 to 80% in 2021. This shows that the company is making an effort to pay their invoices on time.
There is low volatility in the payment behavior of SCOTTISH WIDOWS GROUP LIMITED, as the percentage of invoices paid within 30 days has remained consistent at around 75-80% over the past three years. However, there was a slight increase in the percentage of invoices paid later than 60 days in 2022, indicating a slight delay in payments during that period.
For the past three periods, SCOTTISH WIDOWS GROUP LIMITED has maintained an average time to pay of 30 days. The company has consistently paid a high percentage of their invoices within 30 days, with a slight increase from 75% in 2018 to 80% in 2021. However, there was a slight increase in the percentage of invoices paid later than 60 days in 2022, which was the worst period in terms of delayed payments. There is low volatility in the company's payment behavior, with consistent payment patterns over the past three years.
| 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 |
Scottish Widows Group Limited is a Companies House-registered entity based in Edinburgh, classified under head office activities. It sits within Lloyds Banking Group and functions as part of the corporate structure overseeing the Scottish Widows brand, which the group's own materials describe as providing pensions, investments and life insurance products, with a history dating back over 200 years. The wider Scottish Widows business, part of Lloyds Banking Group, offers workplace and personal pensions, stocks and shares ISAs, share dealing, retirement products and life, critical illness and income protection cover, alongside a customer app for managing accounts. This entity's own role is as a group holding or head office company rather than a direct customer-facing operator.
Generated from the company's website and Companies House records. Sources: scottishwidows.co.uk · scottishwidows.co.uk