VIRGIN MOBILE TELECOMS LIMITED
Company Information
- Company Number
- 03707664
- Registered Address
- 500 Brook Drive, Reading, United Kingdom, RG2 6UU
- Status
- Active
- Employee Count
- 0
- Turnover
- £525,371,000
- EBITDA
- £51,422,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 January 1999
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for VIRGIN MOBILE TELECOMS LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2019 and then an increase in 2020 before stabilizing in 2021. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in 2020 before increasing again in 2021. The percentage of invoices paid between 31 and 60 days has steadily decreased over the three periods, while the percentage of invoices paid later than 60 days has fluctuated but ultimately remained low. The percentage of invoices not paid within agreed terms has also fluctuated but has remained relatively low overall.
Volatility Analysis
The average time for VIRGIN MOBILE TELECOMS LIMITED to pay invoices has shown moderate volatility over the past three periods, with fluctuations ranging from a decrease of 4 days in 2019 to an increase of 3 days in 2020. The percentage of invoices paid within 30 days has shown moderate volatility, with fluctuations ranging from a decrease of 8% in 2020 to an increase of 7% in 2021. The percentage of invoices paid between 31 and 60 days has shown low volatility, with fluctuations ranging from a decrease of 3% in 2019 to an increase of 2% in 2021. The percentage of invoices paid later than 60 days has shown moderate volatility, with fluctuations ranging from a decrease of 3% in 2019 to an increase of 4% in 2021. The percentage of invoices not paid within agreed terms has shown moderate volatility, with fluctuations ranging from a decrease of 9% in 2020 to an increase of 5% in 2021.
Summary Analysis
VIRGIN MOBILE TELECOMS LIMITED has shown fluctuations in their average time to pay invoices over the past three periods, with a decrease in 2019 and an increase in 2020 before stabilizing in 2021. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in 2020 before increasing again in 2021. The percentage of invoices paid between 31 and 60 days has steadily decreased over the three periods, while the percentage of invoices paid later than 60 days has fluctuated but ultimately remained low. The percentage of invoices not paid within agreed terms has also fluctuated but has remained relatively low overall.
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 19 | 95% | 4% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 30 | 93% | 4% | 3% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 28 | 93% | 5% | 2% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 38 | 83% | 10% | 7% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 30 | 80% | 15% | 5% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 28 | 87% | 11% | 2% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 27 | 88% | 11% | 1% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 29 | 69% | 28% | 3% | 30% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 26 | 94% | 6% | 0% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 29 | 84% | 15% | 1% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 30 | 80% | 18% | 2% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 30 | 87% | 9% | 4% | 10% |
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
Payment terms are agreed with suppliers as part of contract negotiations. Our standard terms are 30 days from the receipt of a valid invoice or the receipt of a valid application for payment. On receipt of a valid invoice these invoices are included in a weekly payment run as they fall due.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Our suppliers are paid via a weekly payment run which is pulled to cover the week in advance, thus ensuring suppliers should not be paid late.
Maximum contractual payment period agreed
30
Dispute Resolution Process
At Virgin Mobile Telecoms Limited our aim is to resolve invoice queries or disputes in a timely manner and ensure payment are made at the earliest opportunity. If you have a query regarding the payment date or an invoice dispute then the best way to contact us is to raise a query on our Purchase to Pay (P2P) Query Tool https://vm-supplier.custhelp.com. The P2P Team will be able to resolve most queries and can liaise with our internal business contacts on your behalf. More complex disputes may need the business contacts to provide feedback directly. Upon resolution of any disputes or queries if the invoice has become due it will be settled on the next payment run.
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
VIRGIN MOBILE TELECOMS LIMITED is a UK-based telecommunications company that offers mobile phone services to its customers. The company was founded in 1999 and is a subsidiary of Virgin Media Limited.
The company's sustainability program focuses on reducing its carbon footprint and promoting environmental responsibility. They have implemented initiatives such as using renewable energy sources, reducing paper usage, and promoting recycling.
VIRGIN MOBILE TELECOMS LIMITED offers a range of products and services, including mobile phone plans, SIM-only deals, and pay-as-you-go options. They also offer a variety of handsets from popular brands such as Apple, Samsung, and Huawei.
The key people at VIRGIN MOBILE TELECOMS LIMITED include the CEO, Lutz Schüler, and the Managing Director, Tom Mockridge. The company has over 1,500 employees and serves millions of customers in the UK.
For customer inquiries and support, VIRGIN MOBILE TELECOMS LIMITED can be contacted through their website at https://www.virginmedia.com/mobile. Their registered office address is 500 Brook Drive, Reading, RG2 6UU, United Kingdom.
Overall, VIRGIN MOBILE TELECOMS LIMITED is a leading telecommunications company in the UK, with a strong focus on sustainability and providing a wide range of products and services to its customers.
