The average time taken for VISION LABS LTD. to pay invoices has been fluctuating over the past three periods, with a slight increase in the most recent period.
The average time to pay has ranged from 31 to 39 days, with the most volatile period being the third period with a difference of 9 days between the shortest and longest average time to pay.
| 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 Sept 2025 - 28 Feb 2026 | 19 Mar 2026 | 35 | 72% | 22% | 6% | 26% |
| 01 Sept 2024 - 28 Feb 2025 | 07 Mar 2025 | 34 | 77% | 17% | 6% | 18% |
| 01 Mar 2024 - 31 Aug 2024 | 09 Sept 2024 | 31 | 82% | 14% | 4% | 14% |
| 01 Sept 2023 - 29 Feb 2024 | 19 Mar 2024 | 33 | 74% | 21% | 5% | 23% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 34 | 73% | 21% | 6% | 24% |
| 01 Sept 2022 - 28 Feb 2023 | 17 Mar 2023 | 38 | 79% | 14% | 7% | 16% |
| 01 Mar 2022 - 31 Aug 2022 | 26 Sept 2022 | 33 | 77% | 19% | 4% | 16% |
| 01 Sept 2021 - 28 Feb 2022 | 25 Mar 2022 | 35 | 77% | 16% | 7% | 26% |
| 01 Mar 2021 - 31 Aug 2021 | 23 Sept 2021 | 31 | 81% | 14% | 5% | 20% |
| 01 Sept 2020 - 28 Feb 2021 | 19 Mar 2021 | 38 | 69% | 19% | 12% | 36% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Sept 2020 | 39 | 40% | 47% | 13% | 73% |
| 01 Sept 2019 - 29 Feb 2020 | 24 Mar 2020 | 31 | 77% | 18% | 5% | 31% |
| 01 Mar 2019 - 31 Aug 2019 | 19 Sept 2019 | 32 | 80% | 16% | 4% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Payment Terms are 30 days - however with our main global suppliers, extended terms are agreed, for example 30 days end of month or 60 Days, due to delivery of goods outside the UK from regions such as Asia
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
All disputed invoices are referred back to the supplier to address and resolve. A disputed invoice is processed in our Accounting System and flagged as Disputed to ensure it is not picked up on the payment run. Once resolved and approved, the dispute flag is removed, allowing the invoice to be paid.
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
Specsavers Fulfilment Services UK Limited is a registered company previously known as Vision Labs Ltd, and before that Vision Lenses Limited, West Midlands Optical Limited and Sandaz Limited. Its registered nature of business is classified as retail sale by opticians. Companies House records show it as an active private limited company based in Fareham. No further detail is available in the supplied evidence about its specific day to day operations, such as manufacturing, laboratory or fulfilment activities, beyond its registered SIC classification and history of name changes, so its precise role within the Specsavers group cannot be confirmed from the evidence provided.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk