Industry ranking
| 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 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 50 | 2% | 84% | 14% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 50 | 3% | 82% | 15% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 47 | 3% | 89% | 8% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 45 | 4% | 88% | 8% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 39 | 14% | 84% | 1% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 36 | 48% | 51% | 1% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 38 | 31% | 67% | 2% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 30 | 59% | 40% | 1% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 35 | 61% | 36% | 3% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 33 | 64% | 31% | 5% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 32 | 68% | 31% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 37 | 36% | 62% | 2% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 43 | 9% | 89% | 2% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 44 | 7% | 89% | 4% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 45 | 6% | 90% | 4% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 44 | 4% | 91% | 5% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company's standard payment terms for third party suppliers are net monthly, which means an invoice is settled at the end of the month immediately following the month it was issued. As such, the shortest standard payment period is 30 days, the longest is 62 days and the average is 45 days. Alternative payment terms may also be negotiated on a case by case basis during contract negotiations. The company pays its intra-group suppliers of vehicles and spare parts between 35 and 85 days following the date of invoice, depending on the supplier.
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
70
The company aims to resolves all disputes related to payment as efficiently as possible. In the first instance the dispute should be handled by the Accounts Payable team. If it cannot be resolved it will be escalated to the department that entered into the business relationship with the supplier, where the company's representatives will use their best endeavours to resolve the dispute in a reasonable timescale. As a last resort the dispute may be referred to the company's Legal Counsel.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Volkswagen Group United Kingdom Limited is a company registered at Milton Keynes, incorporated in 1953 and currently recorded as active with Companies House. Its registered nature of business is classified under the SIC code for the sale of new cars and light motor vehicles, with associated industry tags covering automotive dealerships, cars, motorcycles and other road vehicles, and mechanics and garages. No further detail on trading activity, products or services is available from the supplied evidence, as the website material provided relates to an unrelated expired domain listing rather than the company itself. This summary therefore relies solely on official company registration data rather than descriptive content.
Generated from the company's website and Companies House records.