VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED
Company Information
- Company Number
- 02835230
- Registered Address
- Brunswick Court Yeomans Drive, Blakelands, Milton Keynes, MK14 5LR
- Status
- Active
- Employee Count
- 954
- Turnover
- £2,414,000,000
- EBITDA
- £649,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 July 1993
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified77110 - Renting and leasing of cars and light motor vehicles
- Industries
- Financial Services,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 | 27 Aug 2025 | 29 | 87% | 11% | 2% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Feb 2025 | 27 | 82% | 9% | 9% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 34 | 84% | 10% | 6% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 16 Aug 2023 | 9 | 88% | 6% | 6% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 29 | 81% | 13% | 6% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 11 Aug 2022 | 29 | 82% | 12% | 6% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 29 | 84% | 12% | 4% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 30 | 82% | 12% | 6% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Jan 2021 | 39 | 73% | 15% | 12% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Sept 2020 | 40 | 68% | 18% | 14% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Sept 2020 | 42 | 71% | 15% | 14% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Sept 2020 | 39 | 72% | 16% | 12% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Sept 2020 | 40 | 71% | 16% | 12% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Sept 2020 | 36 | 79% | 12% | 9% | 22% |
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
VWFS will make payment at the end of the month following the month in which a valid invoice is dated or received, whichever is the later. Each invoice shall include such further supporting information required by VWFS to verify the accuracy of the invoice.
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
The company aims to resolve all disputes related to payment as efficiently as possible. In the first instance the dispute should be handled by the Accounts Payable team, who can be contacted at POQueries@vwfs.co.uk. If it cannot be resolved it will be escalated to the department that entered into the business relationship with the supplier, where the company's representatives will use their best endeavours to resolve the dispute in a reasonable timescale. As a last resort the dispute may be referred to the company's Legal Counsel; contact LegalDepartment@vwfs.co.uk
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
VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED is a financial services company that provides a variety of products and services related to the automotive industry
Their sustainability program focuses on reducing their environmental impact and promoting ethical business practices.\n\nThe company offers a range of financial solutions to help customers purchase and lease Volkswagen, Audi, SEAT, ŠKODA, and Volkswagen Commercial Vehicles
These include financing options, such as personal contract plans and hire purchase agreements, as well as insurance and maintenance packages
They also offer fleet management services for businesses.\n\nKey people at VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED include CEO, Andrew Waite, and Managing Director, David Maloney
The company is headquartered in Milton Keynes and has several regional offices throughout the UK.\n\nIn terms of sustainability, VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED has a number of initiatives in place
These include a commitment to reducing carbon emissions, promoting sustainable mobility, and using renewable energy sources
They also have a responsible supply chain policy and support various charitable and community projects.\n\nCustomers can contact VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED through their website or by phone
The company's registered office address is Yeomans Drive, Blakelands, Milton Keynes, MK14 5AN
Their website address is https://www.vwfs.co.uk/
Overall, VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED strives to provide quality financial services while also promoting sustainability and social responsibility
