The trend for VOLT EUROPE LIMITED is an increase in the average time to pay invoices, with a small decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. There has been no change in the percentage of invoices paid later than 60 days or not paid within agreed terms.
VOLT EUROPE LIMITED has shown a relatively stable pattern in terms of prompt payments, with a consistent percentage of invoices paid within 30 days and a small increase in the percentage of invoices paid between 31 and 60 days. However, there has been a slight increase in the average time to pay invoices, indicating a potential decrease in efficiency or resources.
| 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 Nov 2017 - 30 Apr 2018 | 25 May 2018 | 5 | 99% | 1% | 0% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is company's policy to agree appropriate terms of payment with suppliers for each transaction/contract. Standard payment terms of 30 days from invoice date
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
60
Contractors email pay/bill.enquires@volt.eu.com who will contact the consultant onsite to resolve the issue. Overhead supplier email overhead.account@volt.eu.com who will contact the approver of goods to resolve the issue
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
Volt Europe Limited is the UK entity, registered office in Redhill, Surrey, operating as a temporary employment agency under the Volt International brand, part of the wider Innova Solutions group. It provides contract, temporary and permanent recruitment across sectors including accountancy and finance, engineering and manufacturing, human resources, information technology, life sciences, procurement and supply chain, and sales and marketing. Services include managed service programmes, total talent management, recruitment process outsourcing, direct sourcing and payroll or contractor management. The UK operation forms part of Innova Solutions, a global staffing and workforce solutions group headquartered in the United States, delivering staffing and consulting services to clients across the UK and internationally.
Generated from the company's website and Companies House records. Sources: volt.eu.com · volt.eu.com · volt.eu.com