Company number: 00481833
and approved by Keith Winstanley
Average time taken to pay invoices: 57 days
Invoices paid:
Invoices due but not paid within agreed terms: 39%
0 days
60 days
Vp plc's standard payment terms are 60 days month-end and these apply to the majority of supplier accounts. However, there are a range of terms in place for different suppliers, ranging from immediate payment to 90 days month-end. Payment terms are agreed to at the start of the business relationship and are confirmed in writing once accounts have been set up. There have been no changes to our standard payment terms during the reporting period.
Answer not provided
N/A
90 days
No further comment provided
N/A
Suppliers are formally advised of any invoice queries and Accounts Payable teams liaise with the supplier and the ordering point to resolve them. Records are kept of progress made or setbacks encountered. Queries are prioritised in terms of age and due date for resolution, with the aim of resolving all invoice queries within 30 days. Suppliers should contact the Accounts Payable department at the following address if they have any issues or problems with unpaid/overdue invoices: Vp plc Accounts Payable Central House Beckwith Knowle Otley Road Harrogate HG3 1UD
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No