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 90.55/100 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 | 30 Jan 2026 | 16 | 96% | 3% | 1% | 3% |
| 01 Jan 2025 - 30 Jun 2025 | 18 Jul 2025 | 41 | 91% | 3% | 6% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 15 | 95% | 4% | 1% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 06 Sept 2024 | 43 | 66% | 19% | 15% | 34% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 24 | 89% | 7% | 4% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 35 | 80% | 13% | 7% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 28 Feb 2023 | 40 | 67% | 21% | 12% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 33 | 72% | 17% | 11% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 37 | 70% | 18% | 12% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 37 | 68% | 20% | 12% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 36 | 60% | 28% | 13% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 28 | 80% | 15% | 5% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 30 | 75% | 19% | 6% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 33 | 72% | 20% | 8% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 36 | 66% | 24% | 10% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Volvo Car UK Ltd (“VCUK”) contractual payment terms for goodsand services are 45 days from the date of valid invoice. Other individualcontracts may vary.
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
45
VCUK has a dedicated Finance Service Centre (based in Madrid). Vendorswith invoice queries need to contact this team by raising a ticket via a web-based tool or by phone. The Finance Service Centre would seek to deal with any disputes promptly (in line with their Service Level Agreement withVCUK) involving VCUK contacts as needed, and will work with the supplier toresolve payment issues or disputes in accordance with internal investigationand escalation procedures.
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
Volvo Car UK Limited is the UK subsidiary responsible for the sale of new Volvo cars and light motor vehicles, incorporated in 1988 and previously known as Swecar Engineering Limited and Sweden Fifty Three Limited. It operates the Volvo Selekt approved used car programme, offering second-hand Volvos through a network of trusted dealers across the UK. The company also holds a subsidiary, Care By Volvo Car UK Limited, linked to vehicle subscription services. It has supplied vehicles to UK public sector bodies, including police and fire and rescue services, through public contracts. The company holds several leasehold and freehold property titles across England and Wales used in connection with its operations.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk