VSL SYSTEMS (UK) LIMITED exhibits a generally prompt payment trend, with an average payment time of 28 days and 77% of invoices settled within 30 days. However, a significant counter-trend exists where 36% of payments are classified as late, indicating a lack of consistent adherence to due dates. This suggests a dual trajectory where most payments are quick, but a notable portion experiences delays.
The 36% late payment rate introduces a moderate level of unpredictability for suppliers regarding the actual settlement date of invoices. While only 4% of payments extend beyond 60 days, the 19% falling into the 31-60 day bracket, combined with the overall late percentage, points to some payment volatility. This suggests suppliers face a tangible risk of delayed cash flow for a considerable minority of transactions.
VSL SYSTEMS (UK) LIMITED presents a mixed payment risk profile; while the majority of payments are handled promptly, a substantial 36% are consistently late. Suppliers should factor in the average 28-day payment time but be prepared for potential delays on approximately one-third of invoices. To mitigate this risk, suppliers might consider establishing clear payment terms, robust follow-up procedures for overdue invoices, or adjusting credit terms to reflect the historical payment volatility.
| 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 | 28 Jul 2025 | 28 | 77% | 19% | 4% | 36% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 30 | 73% | 21% | 6% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for suppliers are 45 days from the date of receipt of a valid invoice and for subcontractors are 30 days from the Due 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
45
All of our contracts contain an amicable dispute resolution process whereby any dispute which cannot be resolved to the satisfaction of both parties can be elevated to our dedicated team for review. The team are used to working with suppliers to resolve issues at an early stage, the key being to reach an early conclusion to the mutual satisfaction of the parties. We are not a litigious organisation and have comparatively few adjudications, arbitrations and court proceedings. Our success is based upon forming longer term relationships with our supply chain.
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
VSL SYSTEMS (UK) LIMITED is an active private limited company. Its operations are centred around various systems.
The company is registered in the UK under company number 02285599. Incorporated on 10 August 1988, its registered office is situated at Becket House, 1 Lambeth Palace Road, London, United Kingdom, SE1 7EU.
Companies operating within the systems sector typically provide a range of services including the design, development, implementation, and maintenance of various integrated systems. These services encompass delivering bespoke solutions, supplying components, and offering consultancy related to system optimisation and deployment.