VOW EUROPE LIMITED
Company number: 01204488
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 29 January 2021
and approved by Andrew Gale
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 22%
- in 61 days or more: 46%
Invoices due but not paid within agreed terms: 23 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
108 days
Standard payment terms
There is no single standard set of terms, Terms vary depending on the type of product or service provided.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
108 days
Any other information about payment terms
N/A
Dispute resolution process
All payment queries are managed by our accounts payable team in accordance with our internal processes and dealt with as quickly as possible.
Reasons for not being able to pay based on terms include receiving late or non compliant invoices or invoices that are in dispute.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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