STANDARD CHARTERED BANK
Company Information
- Company Number
- ZC000018
- Registered Address
- 1 Basinghall Avenue, London, EC2V 5DD
- Status
- Active
- Employee Count
- 66
- Turnover
- £13,000,000
- EBITDA
- £3,000,000
Additional Details
- Company Type
- Unregistered company
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- London
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 | 21 Jul 2025 | 7 | 99% | 1% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 7 | 99% | 1% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 6 | 99% | 1% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Jan 2024 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 31 Jul 2023 | 11 Sept 2023 | 7 | 98% | 2% | 0% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 09 Aug 2022 | 9 | 98% | 2% | 0% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 24 Aug 2021 | 13 | 97% | 3% | 0% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Aug 2021 | 13 | 98% | 2% | 0% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 9 | 98% | 2% | 0% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 7 | 97% | 2% | 0% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 27 | 73% | 13% | 14% | 19% |
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 Chartered Bank (‘SCB’) seeks to agree appropriate payment terms with each supplier, with the payment period ranging from between 30 to 60 days from receipt of a valid invoice. The most common payment terms agreed with suppliers is 30 days from receipt of a valid invoice. In the absence of agreed payment terms with the supplier, the payment terms of SCB include a payment period of 45 days from receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoices shall describe the services and any other products supplied in sufficient detail so that tax (including, but not limited to, import or custom duties, service tax or withholding tax) is charged correctly. Invoices are required to quote the Bank’s 10 digit Purchase Order (PO) reference number generated from the bank’s procurement system for purchasing goods and services where applicable. Suppliers are requested to submit electronic format invoices by email to APUeInvoice.UK@sc.com.
Maximum contractual payment period agreed
60
Dispute Resolution Process
The standard Contractual Agreement of SCB outlines the Dispute Resolution process. A party claiming that a dispute has arisen in relation to the Contractual Agreement must notify the Authorised Representative of the other party to the dispute giving details of the dispute. If any dispute arising out of the Contractual Agreement remains unresolved for five Working Days from the date on which the notice setting out the nature of the dispute is served by one party on the other, either party may request a meeting within a further five Working Days between senior personnel (as notified by each party to the other for this purpose) who shall have power to resolve the dispute. If the dispute is not resolved under this procedure either party shall be free to pursue alternative action in respect of that dispute.
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
Standard Chartered Bank is a leading international banking group, headquartered in London, United Kingdom. The bank has a presence in over 60 countries and serves customers in Asia, Africa, and the Middle East.
The bank offers a wide range of banking services to its customers, including personal and business banking, wealth management, and corporate and institutional banking. It also has a strong focus on sustainability and has a dedicated sustainability program in place.
The sustainability program of Standard Chartered Bank aims to contribute to the economic, social, and environmental development of the communities it operates in. The bank has set ambitious targets to reduce its environmental impact and has implemented various initiatives to promote sustainable practices within the organization.
In terms of products and services, Standard Chartered Bank offers a range of sustainable financing options, such as green loans and sustainable trade finance, to support its clients in their sustainability efforts. It also has a variety of sustainable investment products for its customers.
The bank is led by a team of experienced and dedicated individuals, including its Group Chief Executive Officer, Bill Winters, and Chairman, José Viñals. It also has a strong presence of diverse and talented individuals on its Board of Directors and Executive Committee.
For more information on Standard Chartered Bank's sustainability program, products, and services, individuals can visit their website at www.sc.com. The registered office address of the bank is 1 Basinghall Avenue, London EC2V 5DD, United Kingdom.
