BANK OF SCOTLAND PLC
Company Information
- Company Number
- SC327000
- Registered Address
- The Mound, Edinburgh, EH1 1YZ
- Status
- Active
- Employee Count
- 22
- Turnover
- £12,543,000,000
- EBITDA
- £306,000,000
Additional Details
- Website
- https://bankofwales.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 17 September 2007
- 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 | 30 Jul 2025 | 13 | 93% | 6% | 1% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 12 | 97% | 2% | 1% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 12 | 95% | 4% | 1% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 11 | 97% | 2% | 1% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 14 | 95% | 4% | 1% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 12 | 94% | 4% | 2% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 14 | 91% | 6% | 3% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 31 | 69% | 22% | 9% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 26 | 75% | 20% | 5% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 23 | 84% | 10% | 6% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 13 | 96% | 2% | 2% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 14 | 93% | 4% | 3% | 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 after receipt of a correct, undisputed, timely provided and properly due VAT invoice. In some circumstances, Bank of Scotland Plc agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices. Maximum
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoice Receipt Date We are currently only able to record the date of receipt of invoices for circa 43% of reportable invoices in this report. Where the date we receive an invoice is not available, we have reported on the date of the invoice itself, as we consider this the most justifiable alternative. Unknown payment terms For certain suppliers, our systems do not currently capture details of the payment terms in place under qualifying contracts with those suppliers. Therefore, for the purposes of reporting on our payment statistics for those qualifying contracts, we have assumed that all payments under those contracts are due within 30 days of the date of receipt of the invoice, which reflects our most commonly used contractual payment terms. Discrepancy between contracting entity and paying entity Our payment statistics include some payments made by Bank of Scotland Plc where, although we are not the contracting entity for the relevant qualifying contract, the services have been received and paid for by Bank of Scotland Plc. Sufficient link to the UK Our payment statistics may include some payments made to non-UK entities where we have been unable to ascertain whether the contract has a sufficient link to the UK to meet the criteria for reporting. It is not Bank of Scotland Plc policy to differentiate supplier payment terms based on supplier jurisdiction and our payment practices for non-UK entities are representative of those followed for UK entities.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Suppliers can raise queries with their appointed managers in the first instance. They can also contact the dedicated accounts payable team (LloydsInvoiceEnquiries@Lloydsbanking.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior contacts, as needed), in accordance with the terms of the contract.
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
Bank of Scotland PLC is a leading commercial and retail bank in the United Kingdom, founded in 1695. It is a subsidiary of Lloyds Banking Group and has a strong presence in Scotland, with branches across the country.
The bank offers a wide range of financial products and services to its customers, including personal and business banking, mortgages, loans, credit cards, and insurance. It also provides investment and wealth management services.
Bank of Scotland PLC is committed to sustainability and has a strong sustainability program in place. It has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. The bank also focuses on supporting local communities and charities through various initiatives and partnerships.
The key people at Bank of Scotland PLC include the Chief Executive Officer, António Horta-Osório, and the Chairman, Robin Budenberg. The bank has a dedicated team of employees who are committed to providing excellent customer service and contributing to the bank's sustainability goals.
Customers can contact Bank of Scotland PLC through its website or by visiting one of its many branches. The bank's registered office address is The Mound, Edinburgh, EH1 1YZ, United Kingdom.
In summary, Bank of Scotland PLC is a well-established bank with a strong focus on sustainability and providing a wide range of financial products and services to its customers. With its dedicated team and commitment to sustainability, the bank continues to be a leading player in the UK banking industry.
