| 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 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 47 | 37% | 37% | 26% | 64% |
| 01 Oct 2020 - 31 Mar 2021 | 22 Apr 2021 | 48 | 43% | 30% | 27% | 66% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 72 | 15% | 37% | 48% | 67% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Oct 2019 | 74 | 10% | 36% | 54% | 71% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2019 | 80 | 6% | 29% | 65% | 88% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for suppliers are 30 days other than contracting suppliers which are 60 days from end of the month 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
N/A
Maximum contractual payment period agreed
60
VPS seeks to resolve disputes as quickly as possible. Typically issues can be resolved through co-ordination between our accounts payable team and supplier credit control teams, and where necessary procurement and commercial teams are engaged to support the earliest resolution. Where resolution is still unable to be achieved senior management will be engaged.
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
VPS (UK) LIMITED is a UK-based company that specializes in providing security and property management services. The company was founded in 1992 and has since become a leading provider of these services in the UK.
One of the main focuses of VPS (UK) LIMITED is sustainability. The company has a strong sustainability program in place, which includes measures to reduce energy consumption, minimize waste, and promote environmentally-friendly practices. They also have a commitment to sourcing sustainable materials and working with suppliers who share their sustainability values.
VPS (UK) LIMITED offers a wide range of products and services, including vacant property management, security solutions, and property maintenance. Their vacant property management services include securing and monitoring vacant properties, as well as providing regular inspections and maintenance to prevent deterioration. They also offer security solutions such as CCTV, alarm systems, and on-site security personnel. In addition, the company provides property maintenance services to ensure that properties are well-maintained and in compliance with health and safety regulations.
The key people at VPS (UK) LIMITED include CEO Simon Alderson, Managing Director Doug Edwards, and Group Finance Director David Hallett. These individuals bring a wealth of experience and expertise to the company, and are committed to driving its growth and success.
For more information on VPS (UK) LIMITED and its services, you can visit their website at www.vpsgroup.com. Their registered office address is VPS House, 1st Floor, 14 Bretton Street, London, SW1P 3JX, United Kingdom. You can also contact them via email at info@vpsgroup.com or by phone at +44 (0) 20 8232 4000.