VIRGIN RED LIMITED
Company Information
- Company Number
- 11490861
- Registered Address
- Whitfield Studios, 50a Charlotte Street, London, United Kingdom, W1T 2NS
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 July 2018
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
VIRGIN RED LIMITED generally processes payments within 30 days, with a strong 74% being settled on time. However, 26% of payments are consistently late, indicating a significant portion of invoices experience delays. This trend shows a concerning trajectory where 9% of payments are protracted beyond 60 days, suggesting consistent severe delays for a minority of suppliers.
Volatility Analysis
Despite the average, VIRGIN RED LIMITED exhibits moderate payment volatility, as 26% of payments fall outside the 30-day window. This creates predictability challenges for suppliers, who face a significant risk of delayed cash flow with 17% in the 31-60 day range and 9% severely overdue. Suppliers must therefore account for a notable degree of unreliability in payment timing when engaging with this company.
Summary Analysis
VIRGIN RED LIMITED presents a mixed payment profile, combining strong on-time performance for most invoices with a substantial segment experiencing significant delays. Suppliers should critically assess their cash flow tolerance for 26% of invoices being paid late, particularly the 9% extending beyond 60 days. To mitigate risk, consider negotiating stricter payment terms, requesting upfront payments for high-value services, and maintaining proactive payment tracking.
Performance Reports History
| 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 30 | 74% | 17% | 9% | 23% |
| 01 Jan 2024 - 31 Dec 2024 | 31 Jan 2025 | 27 | 75% | 19% | 6% | 22% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
It is company policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms, from receipt of invoice, however variations to these terms do exist based on 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
60
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest 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 a dispute cannot be resolved by our accounts payable team, it would escalate in the first instance to the relevant Head of Department to seek a resolution.
Other Payment Information
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
Company Summary
VIRGIN RED LIMITED is an active private limited company, operating under the name Virgin Red.
The company was incorporated on 30 July 2018, identified by Company Number 11490861. Its registered office is situated at Whitfield Studios, 50a Charlotte Street, London, United Kingdom, W1T 2NS.
In the UK market, a private limited company, as a business structure, is capable of providing a diverse range of services and products. These offerings can span from tangible goods and manufacturing to various professional, digital, and consumer-focused services.
