VERIZON UK LIMITED
Company Information
- Company Number
- 02776038
- Registered Address
- Reading International Business, Park Basingstoke Road, Reading, Berkshire, RG2 6DA
- Status
- Active
- Employee Count
- 1,121
- Turnover
- £227,276,000
- EBITDA
- £65,651,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 December 1992
- Nature of Business
- 61100 - Wired telecommunications activities
- Industries
- Coming Soon
- Region
- South 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 Jan 2025 - 30 Jun 2025 | 28 Jul 2025 | 31 | 81% | 14% | 5% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 26 | 83% | 14% | 3% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 26 | 78% | 17% | 4% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 47 | 54% | 34% | 12% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 41 | 59% | 30% | 11% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 47 | 51% | 34% | 15% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 45 | 67% | 31% | 2% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 32 | 74% | 23% | 3% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jul 2020 | 30 | 79% | 20% | 1% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2020 | 31 | 75% | 23% | 2% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jul 2020 | 31 | 80% | 19% | 1% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 23 | 78% | 20% | 2% | 8% |
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 60 days post invoice date in our EMEA markets.
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
90
Dispute Resolution Process
Verizon Accounts Payable has a dedicated helpdesk that offers suppliers support. The team can be contacted by email Monday to Friday. Contact by e-mail is acknowledged within a maximum of 2 working days with all supplier queries being assigned a unique case number. Verizon offers a supplier payment portal to allow suppliers to view payment status. If a complaint cannot be resolved by Verizon Accounts Payable then the matter will be referred to the relevant manager in the department that engaged with the supplier who will attempt to resolve the issue in accordance with the applicable terms and conditions.
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
VERIZON UK LIMITED is a telecommunications company that provides a wide range of services to businesses and individuals in the United Kingdom. As part of its commitment to sustainability, the company has implemented various initiatives to reduce its environmental impact and support the communities it operates in.
The company offers a variety of products and services including mobile and fixed-line communication, internet and data solutions, and cloud services. They also provide innovative solutions in the areas of Internet of Things (IoT), cybersecurity, and digital media.
One of the key people leading the company's sustainability efforts is Hans Vestberg, the CEO and Chairman. Under his leadership, Verizon UK Limited has set ambitious goals to reduce its carbon footprint and increase its use of renewable energy sources. The company also encourages its employees to take part in volunteer activities to give back to the community.
Their sustainability program, known as "Verizon Green," focuses on three main areas: reducing energy consumption, increasing energy efficiency, and promoting responsible recycling. The company has also invested in renewable energy projects and is committed to using 100% renewable energy by 2025.
To further promote sustainability, Verizon UK Limited has also launched several initiatives, such as "Green Team" and "Green Champions," to engage employees and encourage them to take an active role in environmental conservation.
For more information on Verizon UK Limited and its sustainability efforts, you can visit their website at www.verizon.com/uk and their registered office address is 40 Bank Street, Canary Wharf, London, E14 5NR. With its commitment to sustainability and innovative products and services, Verizon UK Limited is a leader in the telecommunications industry in the United Kingdom.
