Score of 96.07/100 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 Jul 2025 - 31 Dec 2025 | 27 Jan 2026 | 21 | 98% | 2% | 0% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 22 | 98% | 1% | 1% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 24 | 96% | 3% | 1% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 24 | 94% | 5% | 1% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 22 | 93% | 6% | 1% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 27 | 68% | 19% | 13% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 22 | 78% | 14% | 8% | 22% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 20 | 85% | 9% | 6% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 29 | 79% | 10% | 11% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 21 | 86% | 9% | 5% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 21 | 82% | 11% | 7% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 29 | 81% | 8% | 11% | 19% |
| 01 Aug 2019 - 31 Dec 2019 | 28 Jan 2020 | 30 | 79% | 8% | 13% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 23 | 81% | 12% | 7% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 30 | 85% | 9% | 6% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 23 | 82% | 12% | 6% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 30 days, we don't negotiate a longer period than this.
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
30
Following discussion between the Invoice reviewer and Accounts Payable contact will be made with the Supplier, escalating to Supplier Management and Senior Management if required.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
VANQUIS BANKING GROUP PLC is a UK-based financial institution that offers banking and financial services to individuals and businesses. The company was founded in 2002 and is headquartered in London, England.
The company's sustainability program includes initiatives aimed at reducing their environmental impact, promoting responsible lending practices, and supporting local communities. They have implemented measures such as paperless statements, energy-efficient offices, and partnerships with charities and community organizations.
VANQUIS BANKING GROUP PLC offers a range of products and services, including credit cards, savings accounts, personal loans, and insurance. Their credit cards are designed for individuals with limited credit history or poor credit scores, providing them with the opportunity to build their credit. They also offer a range of digital banking services, making it convenient for customers to manage their finances online.
The key people at VANQUIS BANKING GROUP PLC include CEO Sally James, who has been with the company since 2007, and Chairman Andrew Fisher, who joined in 2018. The company has a team of experienced executives and employees who are dedicated to providing excellent customer service and driving the company's growth.
To contact VANQUIS BANKING GROUP PLC, individuals can visit their website at www.vanquis.co.uk or reach out to their registered office at No. 1 Godwin Street, Bradford, West Yorkshire, BD1 2SU. The company is committed to providing transparent and ethical services, and their website provides detailed information on their products, services, and sustainability efforts.
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