Vellacott Payments - Order Form (signed)
Documentexecuted Vellacott Payments · order form · executed · 26 Jun 2025
Executed order form dated 26 Jun 2025: Enterprise tier, 10 Jul 2025 to 9 Jul 2026, £99k a year after a 10% first-term discount, plus £30k implementation. Availability 99.9%, P1 first response 0.5 hours, credits for availability and freshness.
What it says
What this says
As at Fri 9 Oct 2026Executed order form dated 26 Jun 2025: Enterprise tier, 10 Jul 2025 to 9 Jul 2026, £99k a year after a 10% first-term discount, plus £30k implementation. Availability 99.9%, P1 first response 0.5 hours, credits for availability and freshness.
What it is: an executed order form under the master agreement, signed on 26 Jun 2025 by Lewis Kerr for BG-Demo and an unnamed authorised signatory for Vellacott Payments. It sets Enterprise tier terms for one subscription year.
Commits: "The annual recurring amount is £99k", invoiced quarterly in advance and payable within 30 days. Service levels are 99.9% availability, 0.5 hours P1 first response and nightly refresh "Complete by 07:00 customer local time on business days".
Unusual: credits are "earned for both availability and data freshness", at 10% of one month's fee per breach month. The 10% discount applies to the first term only, and the order form prevails over the master agreement on the matters it sets out.
Not settled: the form states no renewal or auto-renewal clause, and the term ended on 9 Jul 2026. It does not show what happened afterwards. It also names Lewis Kerr as account owner in one cell and Sophie Ling in another.
As found in this document
As at Fri 9 Oct 2026- Date end9 Jul 2026Source: the AI read of this record
- Date signed26 Jun 2025Source: the AI read of this record
- Date start10 Jul 2025Source: the AI read of this record
- Price£99,000Source: the AI read of this record
- TierEnterpriseSource: the AI read of this record
- Annual recurring subscription£99,000Source: the AI read of this record
- One-off implementation fee£30,000Source: the AI read of this record
- Total contract value£129,000Source: the AI read of this record
- Availability99.9%Source: the AI read of this record
- P1 first response0.5 hoursSource: the AI read of this record
- Nightly refreshComplete by 07:00 customer local time on business daysSource: the AI read of this record
- Service credit10% of one month's fee for each month with a breachSource: the AI read of this record
- Credit basisAvailability and data freshnessSource: the AI read of this record
- BillingQuarterly, invoiced quarterly in advanceSource: the AI read of this record
- Payment terms30 daysSource: the AI read of this record
- Implementation scopetwelve weeks, security review, up to twelve connectorsSource: the AI read of this record
- Further connectorssubject to a separate orderSource: the AI read of this record
The document
Body
Vellacott Payments - Order Form (signed)
Status: Executed Order form date: 26 Jun 2025
This order form is made under the master agreement between the parties and, together with it, sets out what the Customer has bought and on what terms.
Parties
| Supplier | Customer | |
|---|---|---|
| Name | BG-Demo | Vellacott Payments |
| Location | London | London |
| Account owner | Lewis Kerr, Account Executive | Sophie Ling is BG-Demo's account owner for this account |
| Customer success | Daniel Okafor |
Order summary
| Item | Detail |
|---|---|
| Tier | Enterprise |
| Subscription start date | 10 Jul 2025 |
| Subscription end date | 9 Jul 2026 |
| Billing frequency | Quarterly |
| Payment terms | 30 days |
Lines
| SKU | Description | Qty | Unit price | Discount | Net | Recurring |
|---|---|---|---|---|---|---|
| SUB-ENTERPRISE | B-Glass – Enterprise | 1 | £110k | 10% | £99k | Yes, annual |
| IMP-ENTERPRISE | Implementation - Enterprise (twelve weeks, security review, up to twelve connectors) | 1 | £30k | 0% | £30k | No, one-off |
Commercial summary
Read the whole document (2,773 characters)
| Measure | Amount |
|---|---|
| Annual recurring subscription | £99k |
| One-off implementation fee | £30k |
| Total contract value | £129k |
The total contract value is the subscription for the first term plus the one-off implementation fee. It is not an annual price. The annual recurring amount is £99k. The discount of 10% applies to the subscription line for the first term only.
Service levels
| Measure | Commitment |
|---|---|
| Availability | 99.9% |
| P1 first response | 0.5 hours |
| Nightly refresh | Complete by 07:00 customer local time on business days |
| Service credit | 10% of one month's fee for each month with a breach |
| Credit basis | Availability and data freshness |
Service credits under this order form are earned for both availability and data freshness.
Terms
- The subscription runs from 10 Jul 2025 to 9 Jul 2026 and is invoiced quarterly in advance.
- Invoices are payable within 30 days of the invoice date.
- The implementation covers the security review support and the connectors named in the implementation line. Any further connectors are subject to a separate order.
- Prices are stated in pounds sterling and exclude VAT, which is added at the prevailing rate.
- This order form is governed by the master agreement. If they conflict on the matters set out here, this order form prevails.
Signatures
Signed by the duly authorised representatives of the parties on 26 Jun 2025.
| For Vellacott Payments | For BG-Demo | |
|---|---|---|
| Name | Authorised signatory | Lewis Kerr |
| Title | Authorised signatory of Vellacott Payments | Account Executive |
| Date | 26 Jun 2025 | 26 Jun 2025 |
Unusual terms
As at Fri 9 Oct 2026- 10% discount on first term only
- credits for availability and data freshness
- quarterly billing in advance
- order form prevails over master agreement
- two different account owners named