SG KLEINWORT HAMBROS BANK LIMITED

Company number: 00964058

Reporting period:
1 January 2022 to 30 June 2022

This information is as reported by the business, and responses are in their own words.

This report was filed on 29 January 2024

and approved by Tara Palmer

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

within 30 days: 89%
in 31 to 60 days: 9%
in 61 days or more: 2%

Invoices due but not paid within agreed terms: 11%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

45 days

Standard payment terms

Standard terms are 30 days

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

45 days

Precedents used in a very small proportion of supplier agreements entered into during the qualifying period contained SG KLEINWORT HAMBROS BANK LIMITED’s old payment terms of 42 days. These have now been updated.

Any other information about payment terms

N/A

Dispute resolution process

Suppliers are asked to place their issue in writing to their SG KLEINWORT HAMBROS BANK LIMITED main contact point. Business contact and Accounts Payable work with the supplier to resolve payment issue/dispute in accordance with internal investigation and escalation procedures

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

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?