The trend for VETS NOW LIMITED shows a decrease in the average time taken to pay invoices, with the company averaging 68 days in the first period, 52 days in the second period, and 51 days in the most recent period.
The volatility for VETS NOW LIMITED is moderate, with the company's average time to pay fluctuating between 51 and 68 days over the three periods.
| 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 2020 - 31 Mar 2021 | 27 May 2021 | 51 | 31% | 38% | 31% | 53% |
| 01 Apr 2020 - 30 Sept 2020 | 21 Oct 2020 | 52 | 31% | 29% | 40% | 66% |
| 01 Oct 2019 - 31 Mar 2020 | 13 May 2020 | 68 | 20% | 31% | 49% | 81% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are 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
30
We have a finance team that deal with be able to help out with any supplier queries that may arise
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
Vets Now Limited, registered in Dunfermline, operates the Vets Now out-of-hours emergency veterinary service. It provides emergency and critical care for pets when host veterinary practices are closed, working on behalf of more than 1,300 partner practices across the UK. The company runs over 60 out-of-hours clinics and two 24/7 referral hospitals, in Glasgow and Manchester, offering specialisms such as neurology and oncology alongside general emergency treatment. Staff treat around 200,000 small animals a year, with significant demand during holidays such as Christmas and Easter. Founded in 2001, the business was acquired in 2019 by Inspiring Vet Care, though it continues to trade and operate as Vets Now.
Generated from the company's website and Companies House records. Sources: vets-now.com · vets-now.com