VISION RT LIMITED
Company number: 04234153
Reporting period:
1 January 2024 to 31 December 2024
Report filed on:
25 November 2025
Approved by:
Angela Mckenzie Mountain
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 93%
- in 31 to 60 days: 4%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Normally when we set up a new supplier, we request for a 30 day payment term and in most cases these are granted. We do have other terms like 14 days or immediate payment term depending of the type of supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We have a PO system and each invoice is checked against the Purchase Order. If there is any dispute against the value, the invoice is put on hold. It is followed up by the person who placed the order. Once this has been resolved the invoice is approved and ready to be paid, or else a credit note is issued.
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 Fair 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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No