Their own payment-practices filing · gov.uk
V.Ships UK Limited paid suppliers in 19 days on average — within its stated 7–60 day terms
Their H1 2024 filing put the average 12 days past the shortest term they state (7 days), still within their 60-day upper term.
- Their stated terms
- 7–60 days
- Paid outside agreed terms
- 75% of invoices
- Paid after 61+ days
- 1%
- Reporting period
- 1 Jan 2024 – 30 Jun 2024
- Source
- their gov.uk filing, filed 2 Aug 2024
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2024 filing
Paid within their stated range — 19 against 7–60 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 10 reports
Held steady around 19 days
The read · computed from their figures
V.Ships UK Limited's H1 2024 filing put their average at 19 days against stated terms of 7–60 days; 75% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 2 Aug 2024.
The pattern is steady — their reported average moves within about ±1 days period to period.
That is 10 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Charges shall be as set out in the Agreement and shall remain fixed until completion of an Agreement. Except as expressly stated herein, all Charges are exclusive of VAT (if any) but are otherwise fully inclusive including without limitation: a) all royalties, licence fees or other expenses arising from the use or sub-licence (if permitted) by [Company X], any member of the [Company X] Group, their employees, sub-contractors or agents of any IPRs supplied by the Supplier for the purpose of performing an Agreement; b) carriage, insurance, packaging, duties, imposts and taxes; c) all costs and expenses of the Supplier, whether foreseen or unforeseen; d) packing, supply and, where applicable delivery, off-loading and installation; and e) in the case of Goods, delivery DDP [Company
Dispute resolution
The firm has a dedicated Finance Service Desk which is reachable by phone and email. Vendors with invoice queries need to contact this team and if the service desk team is not able to resolve they escalate the issue to the accounts payable team. The accounts payable team will reach out to the invoice contact if not clear from the system why the invoice has not been approved for payment.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2024 | 19 | 75% | 1% | 2 Aug 2024 |
| H2 2023 | 18 | 73% | 1% | 2 Aug 2024 |
| H1 2023 | 17 | 68% | 1% | 2 Aug 2024 |
| H2 2022 | 17 | 70% | 2% | 2 Aug 2024 |
| H1 2022 | 19 | 79% | 3% | 2 Aug 2024 |
| H2 2021 | 21 | 73% | 3% | 2 Aug 2024 |
| H1 2021 | 16 | 57% | 2% | 2 Aug 2024 |
| H2 2020 | 18 | 60% | 2% | 2 Aug 2024 |
| H1 2020 | 17 | 60% | 3% | 2 Aug 2024 |
| H1 2018 | 19 | 58% | 2% | 26 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 16 Jun 1988
- Registered office
- 1ST FLOOR, LONDON, EC4V 6AB
Illustrative · working-capital arithmetic
What a 19-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 19-day vs a 7-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · V.Ships UK Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-02268506 · latest period to 30 Jun 2024
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