VISION EXPRESS (UK) LIMITED
Company Information
- Company Number
- 02189907
- Registered Address
- Ruddington Fields Business Park Mere Way, Ruddington, Nottingham, NG11 6NZ
- Status
- Active
- Employee Count
- 3,623
- Turnover
- £429,710,000
- EBITDA
- £53,644,000
Additional Details
- Website
- https://visionexpress.com
- Company Type
- Private limited Company
- Incorporated On
- 6 November 1987
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified96090 - Other service activities not elsewhere classified
- Industries
- Commerce Models, Fashion, Hardware, Primary Care
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2025 - 30 Jun 2025 | 25 Jul 2025 | 73 | 23% | 23% | 54% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 113 | 11% | 16% | 73% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 65 | 21% | 11% | 68% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 55 | 16% | 44% | 39% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 65 | 9% | 2% | 89% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 79 | 5% | 27% | 68% | 5% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company has differing standard payment periods depending on the classification of the product or service acquired. Vendors for stock items are generally 60 or 90 days, end of month. The period for fixed asset suppliers are generally 60 days, end of month. Historically other vendors were generally paid 30 days, end of month however the business is moving towards new standard terms of 60 days.
Were there any changes to the standard payment terms in the reporting period?
Existing suppliers are currently being contacted to request adoption of new standard terms. Requests to exemption from our standard terms are reviewed on a case by case basis.
Any other information about payment terms
Quoted number of days for standard period/terms are actually "End of month". For example an invoice dated 1st February, with terms 90 days end of month, would be payable by 31 May.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Responsibility for resolution of disputes and complaints is jointly held by our accounts payable and procurement teams as appropriate. The aim is to work closely with suppliers to negotiate appropriate resolution in advance of the payment due dates, where possible.
Other Payment Information
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Vision Express (UK) Limited is a leading optical retailer in the United Kingdom, providing high-quality eye care services and products. The company is dedicated to providing exceptional customer service and promoting sustainability in all aspects of its operations.
Their sustainability program, called "Vision for Good," focuses on reducing their environmental impact, promoting responsible sourcing and supporting local communities. They have implemented initiatives such as using energy-efficient lighting in their stores, recycling packaging materials, and partnering with charities to provide free eye care services to those in need.
Vision Express offers a wide range of products and services, including comprehensive eye exams, prescription glasses and contact lenses, sunglasses, and accessories. They also have a range of designer frames and lenses to suit every style and budget.
The key people at Vision Express include CEO Jonathan Lawson, who has over 25 years of experience in the retail industry, and Retail Director Neil Drake, who has been with the company for over 20 years. They lead a team of over 5,000 employees who are committed to delivering the best eye care experience to their customers.
Their website, www.visionexpress.com, provides information about their products and services, store locations, and online booking for eye exams. Customers can also use their website to purchase contact lenses and re-order prescription glasses. The registered office address for Vision Express (UK) Limited is Ruddington Fields Business Park, Mere Way, Ruddington, Nottingham, NG11 6NZ.
In summary, Vision Express (UK) Limited is a reputable and sustainable optical retailer in the UK, offering a wide range of eye care products and services. Their commitment to sustainability and their dedicated team of professionals make them a top choice for customers looking for high-quality eye care.
