Their own payment-practices filing · gov.uk
Scottish Widows Services Limited pays suppliers in 11 days on average — inside its 30-day stated terms
Their H1 2026 filing puts the average 19 days inside their stated 30-day term.
- Their stated terms
- 30 days
- Paid outside agreed terms
- 7% of invoices
- Paid after 61+ days
- 4%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 30 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 19 days inside the 30-day term they state
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
Holding steady around 11 days
The read · computed from their figures
Scottish Widows Services Limited's H1 2026 filing puts their average at 11 days against stated terms of 30 days; 7% of invoices were paid outside agreed terms and 4% took 61 days or longer. Filed 30 Jul 2026.
The pattern is steady — their reported average moves within about ±3 days period to period.
On the latest reported averages: Faster than 89% of the 638 large companies reporting in financial services.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
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, Scottish Widows Services Limited 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.
Dispute resolution
Suppliers can raise queries with their appointed managers in the first instance. They can also contact the dedicated accounts payable team ([email protected]). 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 information
Invoice Receipt Date We are currently only able to record the date of receipt of invoices for circa 77% 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 ent
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 11 | 7% | 4% | 30 Jul 2026 |
| H2 2025 | 10 | 4% | 3% | 30 Jan 2026 |
| H1 2025 | 12 | 8% | 3% | 23 Feb 2026 |
| H2 2024 | 15 | 8% | 3% | 30 Jan 2025 |
| H1 2024 | 14 | 5% | 2% | 30 Jul 2024 |
| H2 2023 | 13 | 5% | 3% | 30 Jan 2024 |
| H1 2023 | 12 | 6% | 2% | 28 Jul 2023 |
| H2 2022 | 15 | 9% | 3% | 30 Jan 2023 |
| H1 2022 | 18 | 11% | 5% | 28 Jul 2022 |
| H2 2021 | 18 | 10% | 5% | 28 Jan 2022 |
| H1 2021 | 17 | 10% | 4% | 28 Jul 2021 |
| H2 2020 | 22 | 14% | 7% | 28 Jan 2021 |
| H1 2020 | 21 | 12% | 7% | 29 Jul 2020 |
| H2 2019 | 23 | 10% | 6% | 28 Jan 2020 |
| H1 2019 | 18 | 11% | 4% | 29 Jul 2019 |
| H2 2018 | 23 | 12% | 8% | 29 Jan 2019 |
| H1 2018 | 28 | 25% | 13% | 27 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 29 Sept 1998
- Registered office
- THE MOUND, EDINBURGH, EH1 1YZ
Quick answers · Scottish Widows Services Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-SC189975 · latest period to 30 Jun 2026
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