GOV.UK
VODAFONE GROUP SERVICES LIMITED
Company number: 03802001
Reporting period:
1 April 2021
to 30 September 2021
This report was filed on 25 October 2021
and approved by John Connors
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 39%
- in 61 days or more: 40%
Invoices due but not paid within agreed terms: 4 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
120 days
Standard payment terms
The percentages provided in the payment statistics above include payments made to Vodafone Group entities providing goods or services to Vodafone Group Services Limited. Vodafone intercompany payment terms include many transactions with payment terms up to 120 days. These payments are included in our reported statistics as required and this therefore impacts the payment statistics. If intercompany payments are excluded from the statistics, they are as follows:
Average time to pay in days – 49 days
Split of payments made under qualifying contracts in the reporting period
A) Percentage of invoices paid between day 1 and day 30 (inclusive) – 30%
B) Percentage of invoices paid between day 31 and day 60 (inclusive) – 50%
C) Percentage of invoices paid on or after day 61 – 20%
D) Payments due in the reporting period which have not been paid within the agreed period – 4%
Our standard payment terms are as follows:
General procurement agreements:
For external suppliers Vodafone Group Services Limited’s standard payment terms are 60 days from the date of receipt of invoice, or where a supplier is classed as a small supplier, in accordance with the UK Companies Act, 30 days from the date of receipt of invoice. Where the relevant agreement relates to the provisions of goods or services for supply to public sector customers, Vodafone Group Services Limited’s standard payment terms are 30 days from date of receipt of invoice. For procurement from other Vodafone Group companies, Vodafone Group Services Limited’s payment terms are up to 120 days.
Longer or shorter payment terms may be agreed as part of a wider commercial negotiation of the relevant agreement. Any deviation from standard terms will take into account, amongst other things, (i)the type of goods or services provided and undertaken, (ii) the size of the supplier and its wider corporate group, (iii)the supplier’s relationship with the wider Vodafone Group and (iv) any other relevant commercial factors. Additionally, Vodafone Group Services Limited has a number of legacy framework agreements which may be on longer or shorter terms which will be reviewed at renewal with the objective of reducing the payment terms for small suppliers to 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
125 days
Vodafone Group Services Limited’s maximum contractual payment term in the contract entered in the reporting period is 125 days from end of month following invoice receipt date for all goods or services procured under purchase orders. This payment term is a range of 125-155 days depending on when the invoice is received.
Any other information about payment terms
N/A
Dispute resolution process
Any disputes on individual invoices should be raised with Vodafone Group Services Limited Accounts Payable who will work with the supplier to resolve the issue:
Query in relation to:
international network (INP) invoices
All other invoices
Contact point
INP.invoices@vodafone.com
Supplier Digital Portal
For any contractual disputes suppliers should contact following teams depending on the type of cost:
Query in relation to:
Supply Chain Management
International Network Planning Team
Contact point
VGSsupplychain@vodafone.com
INP.invoices@vodafone.com
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.
Yes
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.
Yes
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