VOLKERSTEVIN LIMITED
Company Information
- Company Number
- 00288392
- Registered Address
- . Hertford Road, Hoddesdon, Hertfordshire, EN11 9BX
- Status
- Active
- Employee Count
- 654
- Turnover
- £166,828,000
- EBITDA
- -£25,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 May 1934
- Nature of Business
- 42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2023 - 30 Jun 2023 | 27 Jul 2023 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 29 | 72% | 23% | 5% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 30 | 65% | 29% | 6% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 36 | 43% | 47% | 10% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 39 | 38% | 52% | 10% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 38 | 39% | 51% | 10% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 39 | 45% | 45% | 10% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 38 | 41% | 44% | 15% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 36 | 45% | 41% | 14% | 26% |
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
VolkerStevin Limited agree payment terms with suppliers and subcontractors as part of negotiating and agreeing their contracts. Our standard payment terms for suppliers and subcontractors with less than 50 employees is 30 days after the date of invoice. For other materials and plant suppliers our standard payment terms are 60 days after the date of invoice. Other payment terms will be agreed with our suppliers and subcontractors on an individual basis.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
On 1 January 2023 VolkerStevin Infrastructure Limited acquired the assets of VolkerStevin Limited. Please refer to the payment performance report of VolkerStevin Infrastructure Limited for the payment statistics of the combined entity during the reporting period.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Our dispute resolution process is clearly explained on our website and is as follows: In the first instance, all disputes will be raised and managed by the site teams. The supplier will be advised that there is a query relating to the goods and/or services supplied and it will be the initial responsibility of the site team to come to a resolution with the supplier. The following steps will be taken to raise and resolve a dispute: 1. The nature of the dispute is discussed between the site team and the supplier. 2. The site team and supplier will come to an agreed time frame for resolution. 3. The supplier is responsible for providing feedback to their accounts team relating to the nature of the dispute and the resolution date. 4. The respective site team will provide feedback to the VolkerWessels UK Accounts Payable team as to the nature and the resolution date of the dispute. 5. Within the agreed resolution timeframe; the VolkerWessels UK Accounts Payable team will await instructions from the site team as to whether or not the dispute has been resolved ahead of schedule and whether or not funds can be released to the supplier. 6. In instances where the stated resolution timeframe has elapsed, the VolkerWessels UK Accounts Payable team will escalate the matter to the appropriate management level to ensure a new resolution date or the release of funds to the supplier.
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.
❌
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.
❌
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.
❌
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?
❌
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
VOLKERSTEVIN LIMITED is a construction company based in the UK that offers a wide range of services including civil engineering, building, and infrastructure projects. The company was established in 2003 and has since completed numerous projects in both the public and private sectors.
In terms of sustainability, VOLKERSTEVIN LIMITED has a strong commitment to reducing their environmental impact and promoting sustainability in their operations. They have implemented various initiatives such as using renewable energy sources, reducing waste and carbon emissions, and promoting sustainable materials in their construction projects.
Their products and services include construction and maintenance of roads, bridges, railways, and water infrastructure. They also provide specialist services such as flood and coastal protection, marine construction, and environmental remediation.
The key people at VOLKERSTEVIN LIMITED include the CEO, Warren Fawcett, who has over 30 years of experience in the construction industry, and the Managing Director, Paul McNerney, who has a background in civil engineering and has been with the company since its inception.
For more information on VOLKERSTEVIN LIMITED and their services, their website address is www.volkerstevin.co.uk. The company's registered office address is located at Eagle House, Llantarnam Park Way, Cwmbran, NP44 3AW. Overall, VOLKERSTEVIN LIMITED is a reputable construction company that is committed to sustainability and providing high-quality services to their clients.
