VIDENDUM PRODUCTION SOLUTIONS LIMITED
Company number: 01738425
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
29 July 2026
Approved by:
Jonathan Bolton
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 58 days
Total value paid:
- within 30 days: £1,176,788 (20%)
- in 31 to 60 days: £2,588,934 (44%)
- in 61 days or more: £2,118,218 (36%)
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 44%
- in 61 days or more: 36%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £647,233
- payments due in the reporting period which have not been paid within the agreed period: 11%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
75 days
Standard payment terms
The UK Payment Practices legislation came into effect from 6 April 2017. Six months to 30 June 2026 is the eighteenth applicable reporting period for Videndum Production Solutions Limited, being the only Videndum Group entity that meets the reporting criteria.
On average UK suppliers were paid 58 days (H2 2025 - 55 days) from receipt of invoice. Payment terms are negotiated with each supplier, and Production Solutions' standard terms of 60 days are a starting point in this process, being applied wherever possible. Within the first half of 2026, 11% of invoices due (H2 2025 - 8%) were not paid to previously agreed terms.
The report will be filed by 30th July 2026 and our next report for H2 2026 will be due on 30 January 2027.
Were there any changes to the standard payment terms in the reporting period?
Negotiations are now mostly on individual basis with each supplier.
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
75 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Accounts Payable or Procurement liaise with suppliers to resolve the issue. Address is Videndum Production Solutions Ltd, William Vinten Building, Easlea Road, Bury St Edmunds, IP32 7BY.
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