Score of 84.37/100 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 Jul 2025 - 31 Dec 2025 | 29 Jan 2026 | 24 | 79% | 20% | 1% | 25% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 22 | 92% | 7% | 1% | 33% |
| 01 Jul 2024 - 31 Dec 2024 | 13 Feb 2025 | 24 | 82% | 16% | 2% | 43% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 21 | 88% | 10% | 2% | 36% |
| 01 Oct 2023 - 31 Dec 2023 | 29 Jan 2024 | 29 | 87% | 9% | 3% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 30 | 76% | 18% | 6% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 26 | 83% | 15% | 2% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Mar 2022 | 26 | 84% | 14% | 2% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Mar 2022 | 25 | 88% | 10% | 2% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 20 | 97% | 2% | 1% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 20 | 96% | 3% | 0% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 20 | 95% | 4% | 1% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 24 | 91% | 7% | 2% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
In the UK, we have the ability to pay by card in 15-days or by bank transfer in 60-days. These represent our standard payment terms and are always codified in contracts. There are other terms referenced in legacy contracts with N45 and N30 prevalent.
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
60
Each Business Owner is responsible for addressing disputes regarding services rendered/materials shipped. Non-compliant invoices are rejected by the GBSC Invoice Processing team with a notification to the supplier of what they need to fix on their invoice for it to be compliant. Legal disputes would be referred to legal counsel.
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
Vocalink Limited, registered in England, is a Mastercard company that designs, builds and operates bank account based payment systems for the UK. Its technology underpins the UK's real-time payments, batch payment and cheque image clearing services, as well as a network of over 47,000 ATMs. The company processes the majority of the UK's salaries, a large share of household bills and state benefit payments, and runs the technical infrastructure behind the Bacs Scheme and Faster Payments Service. It became part of Mastercard in 2017. Its role covers verification tools, connectivity solutions for Bacs, Faster Payments and ICS, and support and analytics services for payment scheme customers.
Generated from the company's website and Companies House records. Sources: vocalink.com · vocalink.com