The data for HBOS PLC shows a consistent trend of paying invoices within 60 days, with a slight increase in the percentage of invoices paid later than 60 days over the years.
There is not a significant amount of volatility in the data for HBOS PLC, with the average time to pay and percentage of invoices paid within 30 days remaining relatively stable over the years.
In the past three periods, from 2021-2023, HBOS PLC has maintained an average time to pay of around 60 days. However, there has been a slight increase in the percentage of invoices paid later than 60 days, indicating a slower payment process. The company has also consistently paid between 30-40% of their invoices within 30 days, with the majority falling between 31-60 days. It is important for HBOS PLC to address this trend and strive to pay their invoices within 60 days to maintain good relationships with their suppliers.
| 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 |
HBOS PLC (company number SC218813) is registered as a financial services holding company, with its registered office at The Mound, Edinburgh. Its SIC classification confirms it operates as a holding entity within the financial services sector rather than trading directly with customers. The evidence available relates to Lloyds Banking Group, of which HBOS PLC forms part following the Group's acquisition of HBOS. Lloyds Banking Group describes itself as the UK's financial services leader, serving around 28 million customers and one million businesses through household brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows, covering retail and commercial banking, insurance and wealth management. HBOS PLC's own role is that of a holding company within this wider banking group rather than an independent trading business.
Generated from the company's website and Companies House records. Sources: lloydsbankinggroup.com