Their own payment-practices filing · gov.uk

How long does Scotiabank Europe PLC take to pay its suppliers?

CRN 00817692 · Professional & technical services · 11 statutory reports on record · period to 30 Apr 2023

41days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Dated record. The latest report covers a period ending 30 Apr 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Liquidation
Type: Private Limited Company
Incorporated: 28 Aug 1964
Registered office: C/O GRANT THRONTON UK ADVISORY & TAX LLP, 1 OXFORD STREET, M1 4PB

0 outstanding charges on the register Accounts due 31 Jul 2024

Open the full record at Companies House.

Terms vs reality

Stated terms: 0–30 days. Reported average: 41.

Stated terms0–30d

+41 days

Reported avg41d

At a glance

The key figures

0–30d

their stated terms

38%

invoices paid outside terms

+13d

slower over the window

±5d

steady pattern

Vs peers · latest reported averages

fasterslower

Slower than 72% of the 530 large companies reporting in professional & technical services.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

H2 2020H1 2021H2 2021H1 2022H2 2022H1 2023

Where their supplier invoices land · latest period

within 30 days 62% 31–60 days 16% 61+ days 22%

The read · computed from their figures

Scotiabank Europe PLC has filed 11 statutory payment periods (earliest H1 2018). Their latest report puts the average at 41 days against stated terms of 0–30 days.

The direction is slower: from 28 to 41 days over the window — about 13 days slower.

In the latest period 38% of invoices were paid outside their agreed terms, and 22% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Scotiabank Europe has a verbal or written agreement with all suppliers of 30 day payment terms. Any invoice that is received as approved for payment will be paid upon the next available payment run, regardless if the invoice is due for payment.

Dispute resolution

Upon receipt of an email, the invoice query resolution team will be allocated the query and diagnose within 48 hours of receipt. The vendor will receive a reply and if not fully satisfied with the answer, the dispute can be escalated to the Senior manager to resolve.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2023	41	38%	22%	23 May 2023
H2 2022	38	32%	16%	14 Nov 2022
H1 2022	36	30%	12%	27 May 2022
H2 2021	31	17%	7%	24 Nov 2021
H1 2021	31	23%	12%	25 May 2021
H2 2020	28	18%	10%	30 Nov 2020
H1 2020	29	21%	10%	28 May 2020
H2 2019	23	19%	6%	31 Jul 2020
H1 2019	29	18%	10%	31 Jul 2020
H2 2018	32	23%	13%	31 Jul 2020
H1 2018	38	28%	14%	31 Jul 2020

Working-capital effect

What a 41-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 41-day vs a 0-day payment cycle.

≈ £16,000

of invoicing outstanding at any one time on a 41-day cycle — about £16,200 more than the same account would carry at 0-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?

Their reported average has moved about 13 days slower over the window (28 → 41 days).

What's their typical pay point?

Their latest reports average around day 41, moving within about ±5 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Scotiabank Europe PLC (free)

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00817692 · latest period to 30 Apr 2023

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