Industry ranking
Score of 96.12/100 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 Oct 2025 - 31 Mar 2026 | 29 Apr 2026 | 19 | 94% | 4% | 2% | 10% |
| 01 Apr 2025 - 30 Sept 2025 | 20 Oct 2025 | 17 | 96% | 3% | 1% | 6% |
| 01 Oct 2024 - 31 Mar 2025 | 22 Apr 2025 | 17 | 96% | 2% | 2% | 10% |
| 01 Apr 2024 - 30 Sept 2024 | 24 Oct 2024 | 18 | 95% | 4% | 1% | 7% |
| 01 Oct 2023 - 31 Mar 2024 | 23 Apr 2024 | 18 | 97% | 2% | 1% | 6% |
| 01 Apr 2023 - 30 Sept 2023 | 13 Oct 2023 | 17 | 97% | 2% | 1% | 7% |
| 01 Apr 2022 - 30 Sept 2022 | 10 Oct 2022 | 18 | 97% | 3% | 0% | 5% |
| 01 Oct 2021 - 31 Mar 2022 | 07 Apr 2022 | 18 | 97% | 2% | 1% | 4% |
| 01 Apr 2021 - 30 Sept 2021 | 12 Oct 2021 | 18 | 96% | 3% | 1% | 10% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 21 | 94% | 4% | 2% | 17% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 19 | 94% | 5% | 1% | 15% |
| 01 Oct 2019 - 31 Mar 2020 | 20 Apr 2020 | 18 | 97% | 3% | 0% | 13% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 18 | 96% | 3% | 1% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 17 Apr 2019 | 18 | 95% | 4% | 1% | 21% |
| 01 Apr 2018 - 30 Sept 2018 | 12 Oct 2018 | 21 | 93% | 6% | 1% | 45% |
| 01 Oct 2017 - 31 Mar 2018 | 23 Apr 2018 | 22 | 93% | 6% | 1% | 59% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Vaultex agree appropriate terms of payment with suppliers for each transaction and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms, however variations to these terms do exist based on specific agreements with certain suppliers.
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
45
The Company is committed to dealing with its suppliers in a fair and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that our Accounts Payable team are unable to resolve a dispute, it would escalate in the first instance to the relevant Head of Department to seek a resolution.
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
Vaultex UK Limited provides cash management services in the UK, handling notes and coin on behalf of banks and retailers to standards set by the Bank of England. Its work includes processing and managing physical cash to help maintain continued access to cash across the country. The company operates secure sites where it manages security, verifies inbound vans and staff, and uses measures such as CCTV and biometric identification. It describes itself as an established employer with accreditation from Investors in People and a long-term link to the Living Wage Foundation. The company was incorporated in 2007 and remains active, registered in London.
Generated from the company's website and Companies House records. Sources: vaultexuk.com