CONCHA Y TORO UK LIMITED
Company number: 04131411
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
21 January 2026
Approved by:
Osvaldo Solar
Payment statistics
Average time taken to pay invoices: 56 days
Total value paid:
- within 30 days: £5,905,425 (19%)
- in 31 to 60 days: £13,370,997 (44%)
- in 61 days or more: £11,297,853 (37%)
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 36%
- in 61 days or more: 33%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £16,493,865
- payments due in the reporting period which have not been paid within the agreed period: 56%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days. We have a few suppliers who require payment in less days and with one key supplier we have 60 day terms.
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
60 days
No further comment provided
Any other information about payment terms
In Q2 2025 we implemented a new system for payables and this generated some delays in payments to suppliers in H2. We tried to keep suppliers informed throughout the transition and payment KPIs have improved since the reporting dates of this report.
Dispute resolution process
Concha y Toro UK t/a VCT Europe endeavours to resolve suppliers' queries swiftly. On a first instance queries should be addressed via email to AccountsPayable (accounts@vcteurope.com) and will be responded within 3 to 5 working days. In the event that no agreement is reached, the query could be escalated to the Financial Controller.
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