FSCS Payments Compliance Notice, Oct 2025-Mar 2026
Summary
The Financial Services Compensation Scheme Limited published its payments compliance report for 1 October 2025 to 31 March 2026 under the Procurement Act 2023. The report shows 99.1% of payments were made within 30 days of invoice receipt, with an average of 6.6 days to payment. Approximately 1.27% of payments due were not made during the reporting period.
What changed
The Financial Services Compensation Scheme Limited published its bi-annual payments compliance notice covering the period 1 October 2025 to 31 March 2026. The report details payment performance metrics including average payment time of 6.6 days, with 99.1% of invoices paid within 30 days of invoice receipt and 98.9% paid within 30 days of the due date. Approximately 1.27% of payments due were not made during the reporting period.
This notice is a routine public procurement disclosure requirement under the Procurement Act 2023 and does not create new compliance obligations for affected parties. The report provides transparency on public authority payment practices and is informational in nature.
Archived snapshot
Apr 18, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Payments compliance
1 October 2025 to 31 March 2026
- FINANCIAL SERVICES COMPENSATION SCHEME LIMITED UK17: Payments compliance notice - Procurement Act 2023 - view information about notice types
Notice identifier: 2026/S 000-035403
Published 17 April 2026, 5:48pm
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Contents
Payments report Approval Contracting authority
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Payments report
Reporting period
1 October 2025 to 31 March 2026
Average number of days taken to make payments after the invoice day
Includes invoices received in a previous reporting period but paid in this one. Does not include invoices that have not been paid yet. The invoice day is the day that the invoice was received by the contracting authority.
6.6 days
Percentage of payments made in the following periods after the invoice day
| Period | Percentage |
|---|---|
| Within 30 days | 99.1% |
| 31 to 60 days | 0.8% |
| 61 or more days | 0.1% |
Invoices paid within 30 days of the due date during the reporting period, as a percentage of total invoices that were or should have been paid
Includes invoices where the 30 day term expires in the reporting period, and also invoices paid early where this expires in a future period. Does not include invoices paid in previous reporting periods. Does not include invalid or disputed invoices.
98.9%
Percentage of payments due during the reporting period that were not made
Includes invoices received in a previous reporting period but due in this one. Does not include invoices received in this reporting period but due in a later one. Includes invalid or disputed invoices.
1.27%
Contracts that the reported payment statistics relate to
All contracts, including those signed under earlier legislation.
Approval
Approving officer name
Fiona Kidy
Approving officer job title
Chief Financial and People Officer
Contracting authority
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
- Public Procurement Organisation Number: PNMP-1789-RLBG
- Companies House: 03943048 5th Floor, The St Botolph Building, 138-139 Houndsditch
London
EC3A 7AW
United Kingdom
Email: Procurement@fscs.org.uk
Region: UKI31 - Camden and City of London
Organisation type: Public authority - sub-central government
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