VANQUIS BANK LIMITED
Company Information
- Company Number
- 02558509
- Registered Address
- No. 1 Godwin Street, Bradford, West Yorkshire, BD1 2SU
- Status
- Active
- Employee Count
- 1,146
- Turnover
- £455,600,000
- EBITDA
- £27,900,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 November 1990
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services,Software
- Region
- Yorkshire and The Humber
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 30 | 98% | 2% | 0% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 27 | 94% | 6% | 0% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 27 | 91% | 8% | 1% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 27 | 95% | 3% | 2% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 24 | 94% | 5% | 1% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 25 | 95% | 4% | 1% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 14 | 93% | 5% | 2% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 14 | 96% | 3% | 1% | 4% |
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 terms are 30 days, we don't negotiate a longer period than this.
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
30
Dispute Resolution Process
Following discussion between the Invoice reviewer and Accounts Payable contact will be made with the Supplier, escalating to Supplier Management and Senior Management if required.
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
VANQUIS BANK LIMITED is a leading provider of credit cards and other financial products and services in the United Kingdom. The company was founded in 2002 and is headquartered in London.
The company's sustainability program focuses on responsible lending practices and promoting financial education among its customers. They also have initiatives in place to reduce their environmental impact, such as using eco-friendly materials and promoting paperless statements.
VANQUIS BANK LIMITED offers a range of credit cards to suit different needs and credit histories. Their products include credit building cards, cashback cards, and balance transfer cards. They also offer personal loans and savings accounts.
The key people at VANQUIS BANK LIMITED include Chief Executive Officer, Peter Crook, and Chief Operating Officer, Michael Lenora. They are supported by a team of experienced professionals who are dedicated to providing excellent customer service.
The company's website, www.vanquis.co.uk, provides information about their products and services, as well as resources for financial education. Customers can also access their accounts and manage their finances online.
The registered office address for VANQUIS BANK LIMITED is No. 1 Godwin Street, Bradford, West Yorkshire, BD1 2SU. Customers can also contact the company by phone at 0330 099 3000 or by email at customer.service@vanquis.co.uk.
