Industry ranking
| 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 Jul 2020 - 31 Dec 2020 | 17 Feb 2021 | 43 | 14% | 80% | 6% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Feb 2021 | 41 | 18% | 76% | 6% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 50 | 22% | 65% | 13% | 36% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 20% | 65% | 15% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 45 | 19% | 70% | 11% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are to pay undisputed invoices 30 days following the month of invoice.
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
In the first instance, all queries regarding payment of invoices should be directed to the Accounts Payable Team at vws.ap@veolia.com. We will always provide explanations for delayed payment and indicate what actions the supplier needs to carry out in order to expedite payment. In common with all businesses, we carry out a range of checks on all invoices against a number of criteria in order to ensure that the invoice is valid and correct and so qualifies to be paid within terms as an undisputed invoice. If an invoice fails to pass all criteria we will advise the supplier as soon as possible, explain the nature of the error/query/failure and explain the corrective action that we require to bring the invoice to undisputed status and allow settlement to proceed in a timely manner. If a supplier feels that they cannot resolve the issue with the Accounts Payable Team and needs to engage with a more senior representative, then the supplier will be directed to the relevant Business Unit Financial Controller within VWS (UK) Limited.
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
VWS (UK) Ltd is the registered entity trading as ELGA LabWater, a specialist manufacturer and servicer of water purification systems for laboratories. It designs and produces systems used in research, clinical diagnostics and healthcare settings, including product ranges such as PURELAB, CENTRA and MEDICA for varying purity requirements. The company operates through a global network of approved partners and distributors across many countries. It became part of what was originally Vivendi Water Systems Limited in 2000, later rebranded as Veolia Water Systems Ltd, making it part of the wider Veolia Group. The entity itself focuses on engineering, manufacturing, service and support of laboratory water purification technology rather than broader group-level water and waste operations.
Generated from the company's website and Companies House records. Sources: elgalabwater.com · elgalabwater.com