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 is a UK-based company that provides payment solutions and technology services to banks, businesses, and governments. The company was founded in 1985 and is headquartered in London.
One of Vocalink's key activities is providing payment infrastructure and services for the UK's Faster Payments Scheme, which enables secure and instant payments between bank accounts. The company also offers a range of other payment solutions, including automated clearing house services, real-time payments, and mobile payments.
Vocalink is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, reducing waste and carbon emissions, and promoting sustainable practices throughout its supply chain.
The company's products and services are designed to improve efficiency and security in payment processes, helping businesses and governments to manage their finances more effectively. Vocalink also offers solutions for fraud prevention, data analytics, and risk management.
The key people at Vocalink include CEO Paul Stoddart and Chairman Gary Flood. The company also has a team of experienced executives and professionals who bring a wealth of expertise in the payments industry.
For more information on Vocalink's products and services, or to contact the company, you can visit their website at www.vocalink.com. The registered office address for Vocalink Limited is 1 Angel Lane, London, EC4R 3AB, United Kingdom.
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