| 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 2024 - 30 Sept 2024 | 26 Nov 2024 | 53 | 17% | 53% | 30% | 93% |
| 01 Oct 2023 - 31 Mar 2024 | 10 May 2024 | 56 | 19% | 44% | 38% | 80% |
| 01 Apr 2023 - 30 Sept 2023 | 10 May 2024 | 65 | 16% | 31% | 53% | 88% |
| 01 Oct 2022 - 31 Mar 2023 | 10 May 2024 | 73 | 12% | 24% | 65% | 97% |
| 01 Apr 2022 - 30 Sept 2022 | 10 May 2024 | 60 | 19% | 44% | 37% | 83% |
| 01 Oct 2021 - 31 Mar 2022 | 10 May 2024 | 51 | 36% | 37% | 28% | 59% |
| 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 2020 - 30 Sept 2020 | 06 Nov 2020 | 47 | 43% | 25% | 32% | 78% |
| 01 Oct 2019 - 31 Mar 2020 | 18 Jun 2020 | 50 | 29% | 53% | 18% | 60% |
| 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?
❌
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 the registered UK operating entity within VPS Group, a European provider of temporary security services. The business protects vacant properties, construction sites and other unoccupied premises across a project's lifecycle, combining monitored video technology such as CCTV towers and intruder alarms with physical protection like steel doors, fencing and barriers, alongside manned guarding and mobile patrol response. Its risk assessment approach follows a deter, detect, delay and deny model, tailoring combinations of technology and personnel to each site. Customers span construction, government, housing associations, hospitality, retail, utilities and commercial real estate sectors. The wider VPS Group operates across several European countries, with this entity forming part of its UK operations.
Generated from the company's website and Companies House records. Sources: vpsgroup.com · vpsgroup.com · vpsgroup.com