Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 99.4/100 qualifies for PaymentCheck Certification
The average time taken for VICTIM SUPPORT to pay invoices has decreased from 16 days in the first period to 11 days in the latest period. The percentage of invoices paid within 30 days has also increased from 90% to 99%, while the percentage of invoices paid later than 60 days has decreased from 1% to 0%. This indicates a positive trend of faster and more timely payments by VICTIM SUPPORT.
The volatility in VICTIM SUPPORT's payment behavior is relatively low, with only minor changes in the average time to pay and the percentage of invoices paid within 30 days. However, there was a significant decrease in the percentage of invoices paid between 31 and 60 days, from 9% to 1%, in the first two periods. This could indicate a deliberate effort by VICTIM SUPPORT to pay invoices earlier and improve their payment performance.
| 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 Oct 2019 - 31 Mar 2020 | 26 Jun 2020 | 11 | 99% | 1% | 0% | 1% |
| 01 Apr 2019 - 30 Sept 2019 | 14 Nov 2019 | 11 | 98% | 1% | 1% | 2% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 13 | 97% | 3% | 0% | 3% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 16 | 90% | 9% | 1% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Agreed invoices are paid within 30 days of the date on which the invoice was raised
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Disputes are resolved by negotiation between the supplier and the person who ordered the goods or services. The dispute can be escalated upwards as appropriate.
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
Victim Support is an independent charity providing free, confidential support to victims and witnesses of crime and traumatic incidents across England and Wales. It operates the Wales Hate Support Centre, funded by the Welsh Government, offering emotional support, practical help and reporting services for hate crime victims. Trained staff and volunteers, based throughout Wales, help people cope with the impact of crime, including emotional support, assistance with police and criminal justice agencies, housing issues and additional home security. Support is available by phone, email or live chat, around the clock, and does not require the crime to have been reported to police. Registered as a charity, its work falls under other social work activities without accommodation.
Generated from the company's website and Companies House records. Sources: reporthate.victimsupport.org.uk · reporthate.victimsupport.org.uk