Industry ranking
| 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 2021 - 30 Sept 2021 | 23 Mar 2022 | 13 | 90% | 8% | 2% | 78% |
| 01 Jan 2021 - 01 Jun 2021 | 14 Mar 2022 | 31 | 79% | 14% | 7% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Mar 2021 | 29 | 69% | 19% | 12% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Dec 2020 | 17 | 83% | 9% | 8% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Feb 2020 | 30 | 68% | 23% | 9% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 10 | 94% | 5% | 1% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 35 | 61% | 23% | 16% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 68% | 16% | 16% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
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
90
The supplier should contact the Accounts Payable team in the first instances who will aim to resolve the issue in a timely manner. They will work with the originator to resolve.
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.
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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
Vestel UK Limited is a private limited company incorporated in 2003 and registered at Vestel House in Langley, Berkshire, an address associated with the Vestel group. Companies House records its nature of business under financial management, management consultancy activities other than financial management, and other business support service activities. No further first-party description of its trading activities is available in the evidence supplied, so its precise operational role, for example whether it provides internal financial or administrative support to a wider group, cannot be confirmed beyond these registered classifications.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk