Score of 92.2/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 21 | 88% | 12% | 0% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 21 | 84% | 15% | 1% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 24 | 83% | 16% | 1% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 25 | 80% | 19% | 1% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 23 | 84% | 15% | 1% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 23 | 81% | 18% | 1% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 25 | 78% | 21% | 1% | 10% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 27 | 83% | 14% | 3% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 27 | 80% | 18% | 2% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 25 | 82% | 17% | 1% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 28 | 83% | 15% | 2% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are agreed with between the vendor and our Procurement Department, ensuring the most appropriate terms are agreed to by both parties
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
All invoice queries are resolved by the Accounts Payable team and the owner of the agreement between the business and the supplier. All queries are considered immediately and resolved within the shortest possible time frame.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Vauxhall Finance PLC is a long-established UK financial intermediation company, registered as active since 1933, with a nature of business classified as financial intermediation not elsewhere classified. Evidence gathered under its brand association links it to the GM Financial group, which describes itself as providing personal and commercial auto loan financing offers and lease programs to customers around the globe. Vauxhall Finance PLC appears to operate as part of this wider vehicle finance group, supporting arrangements such as vehicle purchase, leasing and related financing products for customers of the Vauxhall brand, rather than being a standalone lender in its own right. No further detail on its specific UK operations is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: gmfinancial.com