Score of 83.7/100 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 Jan 2024 - 30 Jun 2024 | 28 Nov 2024 | 23 | 73% | 23% | 3% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Aug 2023 | 24 | 93% | 4% | 3% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 16 | 97% | 3% | 0% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 18 | 81% | 13% | 6% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices are due on the last day of the month following the month in which the invoice is received.
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
31
Aim to pay all suppliers within terms.
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
VERCITY MANAGEMENT SERVICES LIMITED is an active private limited company, incorporated on 4 August 1999, based in the South East region. Registered business activity: Financial management; Management consultancy activities other than financial management.
From Companies House records.