Score of 87.15/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 30 | 90% | 9% | 1% | 10% |
| 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 Jan 2024 - 30 Jun 2024 | 13 Aug 2024 | 33 | 88% | 9% | 3% | 12% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Volkswagen Financial Services (UK) Limited is registered in Milton Keynes and trades in this business through VWFS Rent-a-Car, offering car, van and campervan hire from more than 65 UK locations. The service covers short-term daily rental and long-term rental of Volkswagen, SKODA, SEAT and Volkswagen Commercial Vehicle models, for both private and business customers. Vehicles can be booked online and collected from partner retailer sites, with upfront pricing, collision damage waiver cover as standard, and paperless rental agreements. The offering includes electric and hybrid vehicles, business fleet options such as flexible and corporate rental, and dedicated support for long-term hire of cars and vans across its network of locations.
Generated from the company's website and Companies House records. Sources: vwfsrentacar.co.uk · vwfsrentacar.co.uk