VANTEC EUROPE LIMITED
Company Information
- Company Number
- 02458961
- Registered Address
- 3 Infiniti Drive Hillthorn Business Park, Washington, Tyne And Wear, England, NE37 3HG
- Status
- Active
- Employee Count
- 866
- Turnover
- £44,822,000
- EBITDA
- £4,188,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 January 1990
- Nature of Business
- 52219 - Other service activities incidental to land transportation, not elsewhere classified
- Industries
- Travel And Transportation
- Region
- North East
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 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 45 | 32% | 52% | 16% | 61% |
| 01 Oct 2024 - 31 Mar 2025 | 01 May 2025 | 48 | 28% | 48% | 24% | 74% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 31 | 87% | 13% | 0% | 4% |
| 01 Apr 2023 - 30 Sept 2023 | 12 Oct 2023 | 31 | 85% | 15% | 0% | 5% |
| 01 Apr 2022 - 30 Sept 2022 | 11 Nov 2022 | 30 | 85% | 15% | 0% | 5% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Oct 2021 | 27 | 84% | 16% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 32 | 87% | 12% | 1% | 4% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Oct 2020 | 33 | 73% | 27% | 0% | 5% |
| 01 Apr 2019 - 30 Sept 2019 | 09 Oct 2019 | 32 | 84% | 16% | 0% | 4% |
| 01 Oct 2018 - 31 Mar 2019 | 09 May 2019 | 33 | 42% | 52% | 6% | 48% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 31 | 51% | 44% | 5% | 49% |
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
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
Vantec Europe is committed to working with its suppliers in an ethical manner. Any disputes will be dealt with firstly by the person that placed the order and upon escalation the Purchasing Department. The Accounts Payable Department can be contacted Monday to Friday by email or phone.
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
VANTEC EUROPE LIMITED is a UK-based company that specializes in providing logistics and supply chain solutions to its clients. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
One of the key sustainability programs of VANTEC EUROPE LIMITED is its carbon reduction strategy. The company has invested in energy-efficient technologies, such as LED lighting and solar panels, to reduce its carbon footprint. It also promotes eco-friendly practices among its employees, such as using public transportation or carpooling.
VANTEC EUROPE LIMITED offers a wide range of products and services to its clients, including warehousing, distribution, and transportation services. The company has a strong focus on innovation and uses advanced technologies to ensure efficient and timely delivery of goods.
The key people of VANTEC EUROPE LIMITED include its Managing Director, who oversees the overall operations of the company, and the executive team, who are responsible for driving the company's growth and sustainability initiatives.
Clients can contact VANTEC EUROPE LIMITED through its official website, where they can also find more information about the company's services and solutions. The registered office address of VANTEC EUROPE LIMITED is located at Unit 1, G Park, Magna Park, Lutterworth, Leicestershire, LE17 4XT, UK.
In conclusion, VANTEC EUROPE LIMITED is a leading logistics and supply chain company that is committed to sustainability and innovation. With its wide range of products and services and dedicated team of professionals, the company continues to provide efficient and sustainable solutions to its clients.
