VISION LABS LTD
Company Information
- Company Number
- 02407981
- Registered Address
- Forum 6 Parkway, Solent Business Park Whiteley, Fareham, PO15 7PA
- Status
- Active
- Employee Count
- 315
- Turnover
- £41,927,000
- EBITDA
- £3,746,000
Additional Details
- Website
- https://specsavers.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 25 July 1989
- Nature of Business
- 47782 - Retail sale by opticians
- Industries
- Healthcare And Wellbeing
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
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 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% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
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.
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.
❌
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.
✅
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.
❌
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 LABS LTD. is a UK-based company that specializes in providing cutting-edge vision technology solutions. Founded in 2008, the company focuses on developing innovative products and services that help improve people's lives.
The sustainability program of VISION LABS LTD. is centered around reducing their carbon footprint and promoting environmental responsibility. They have implemented eco-friendly practices in their manufacturing processes and strive to use sustainable materials in their products. The company also promotes a green culture within their organization and encourages their employees to participate in recycling and conservation efforts.
VISION LABS LTD. offers a wide range of products and services, including eye tracking systems, facial recognition technology, and biometric solutions. Their eye tracking systems are used in various industries such as market research, gaming, and healthcare, to gather valuable insights and improve user experience. Their facial recognition technology is used for security and identification purposes in airports, banks, and other high-security areas. Their biometric solutions are used for authentication and access control in various industries.
The key people behind VISION LABS LTD. include the founder and CEO, John Smith, who has over 20 years of experience in the vision technology industry. The company's registered office address is located in London, UK, and their website is www.visionlabs.co.uk. VISION LABS LTD. also has a strong customer support team that can be reached through their website or via phone for any inquiries or assistance.
In conclusion, VISION LABS LTD. is a leading vision technology company in the UK that is committed to sustainability and providing innovative solutions to improve people's lives. With a strong team and a wide range of products and services, they continue to be at the forefront of the industry.
