V.G.CLEMENTS (CONTRACTORS) LIMITED
Company number: 00651051
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
29 June 2026
Approved by:
Ciara Pryce
Payment statistics
Average time taken to pay invoices: 18 days
Total value paid:
- within 30 days: £4,368,995 (97%)
- in 31 to 60 days: £143,995 (3%)
- in 61 days or more: £7,724 (< 1%)
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 19%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Payment terms range from 0 days, due on receipt of invoice, to 60 months after calendar month end.
Our most common payment terms are 30 days.
We aim to pay the majority of invoices on or around their due date.
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
No further comment provided
Dispute resolution process
We perform supplier statement reconciliations on a monthly basis to ensure that our ledger is accurate and up to date on a regular monthly basis. Where differences arise we request copy invoices and credit notes and communicate directly with a vendor where there are differences.
Where there is a dispute on price, or on the delivery of an item we will put the invoice on 'hold' within the accounting system, let the vendor know that the invoice is on hold and work with the vendor to resolve the issue.
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