VERASTAR LIMITED
Company Information
- Company Number
- 03667643
- Employee Count
- 586
- Turnover
- £45,097,000
- EBITDA
- -£38,082,000
Additional Details
- Website
- https://www.verastar.co.uk/
- Industries
- Coming Soon
- Region
- North West
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 May 2024 - 31 Oct 2024 | 03 Apr 2025 | 30 | 70% | 28% | 2% | 37% |
| 01 Nov 2023 - 30 Apr 2024 | 03 Apr 2025 | 33 | 58% | 36% | 6% | 53% |
| 01 May 2023 - 31 Oct 2023 | 03 Apr 2025 | 34 | 57% | 36% | 7% | 47% |
| 01 Nov 2022 - 30 Apr 2023 | 03 Apr 2025 | 31 | 54% | 39% | 7% | 50% |
| 01 May 2022 - 31 Oct 2022 | 03 Apr 2025 | 27 | 66% | 30% | 4% | 42% |
| 01 Nov 2021 - 30 Apr 2022 | 01 Jun 2022 | 28 | 64% | 31% | 6% | 42% |
| 01 May 2021 - 31 Oct 2021 | 14 Dec 2021 | 28 | 70% | 27% | 3% | 36% |
| 01 Nov 2020 - 30 Apr 2021 | 14 Jun 2021 | 35 | 68% | 25% | 7% | 38% |
| 01 May 2020 - 31 Oct 2020 | 07 Dec 2020 | 33 | 68% | 18% | 14% | 39% |
| 01 Nov 2018 - 30 Apr 2019 | 04 Jun 2019 | 19 | 78% | 20% | 2% | 30% |
| 01 May 2017 - 31 Oct 2017 | 06 Dec 2017 | 24 | 68% | 28% | 4% | 40% |
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
7 day payment terms are usually agreed with suppliers who are paid commission for introducing new customers. Longer payment terms up to 45 days are usually agreed with larger suppliers who provide services that are resold to customers.
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
45
Dispute Resolution Process
All disputes with suppliers are considered by the department who is responsible for the supplied goods or services. Disputes are usually flagged to the supplier within a week of receipt of invoice.
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
VERASTAR LIMITED is a UK-based company that provides a range of services to small businesses and households. They offer telecommunications, energy, water, and insurance services under their various brands, including kinex, Clear Business, Titan Telecom, and The Insurance Octopus.
The company has a strong focus on sustainability and has implemented many initiatives to reduce its environmental impact. This includes using renewable energy sources, reducing waste, and promoting recycling within their offices. They also encourage their customers to use e-billing and paperless options to reduce their carbon footprint.
VERASTAR LIMITED's products and services are designed to help small businesses and households save time and money. They offer competitive pricing for their telecommunications, energy, and insurance services, making them a popular choice for customers. Their customer service team is available 24/7 to provide support and assistance.
The company is led by a team of experienced and dedicated individuals, including CEO Alan Mackie and Managing Director Chris Earle. They are committed to providing high-quality services and promoting sustainability within the company and the wider community.
Customers can contact VERASTAR LIMITED through their website or by phone for any inquiries or support. The company's registered office address is at 260 Centennial Park, Elstree, Borehamwood, Hertfordshire WD6 3SY. Their website, www.verastar.co.uk, provides more information about their services, sustainability program, and contact details. Overall, VERASTAR LIMITED is a reputable and customer-focused company that strives to make a positive impact on both the environment and the community.
