WATES DEVELOPMENTS LIMITED
Company Information
- Company Number
- 00441484
- Registered Address
- Wates House, Station Approach, Leatherhead, Surrey, KT22 7SW
- Status
- Active
- Employee Count
- 46
- Turnover
- £13,911,000
- EBITDA
- -£5,197,000
Additional Details
- Website
- https://lovelytobuy.com/
- Company Type
- Private limited Company
- Incorporated On
- 30 August 1947
- Nature of Business
- 41100 - Development of building projects
- Industries
- Lifestyle And Entertainment
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
WATES DEVELOPMENTS LIMITED generally pays within 31 days on average, with a strong majority (77%) settling within 30 days. However, a significant 35% of payments are officially late, indicating a consistent but not always prompt payment trajectory for a notable portion of invoices. The 22% falling into the 31-60 day bracket and 1% over 60 days suggest a predictable albeit small tail of slower payments beyond typical terms.
Volatility Analysis
While 77% of payments are prompt, the 35% late rate introduces moderate unpredictability in receiving on-time payments from WATES. Suppliers can reliably expect payment within 60 days for 99% of invoices, but a notable portion will extend beyond the initial 30-day window, impacting immediate cash flow. The primary risk factor is the inconsistency between the average payment time and the high late payment percentage, requiring suppliers to account for potential delays beyond 30 days.
Summary Analysis
WATES is a moderately reliable payer overall, but suppliers must factor in the 35% late payment rate and average 31-day cycle when establishing payment terms. Key decision factors involve setting realistic cash flow expectations and potentially adjusting credit terms or invoicing cycles to manage the impact of payments extending beyond 30 days. To mitigate risk, suppliers could consider negotiating specific payment milestones or implementing clear late payment clauses for invoices consistently falling into the delayed categories.
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 2025 - 30 Jun 2025 | 29 Jul 2025 | 37 | 67% | 31% | 2% | 32% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 31 | 77% | 22% | 1% | 35% |
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
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
60
Dispute Resolution Process
Wates seeks to avoid disputes by discussing matters directly with the relevant supplier. All standard agreements set out a dispute resolution process. In the first instance contact is with the accounts payment team or commercial staff responsible for the matter. If it cannot be resolved at that level there is an escalated negotiation option involving a senior member of the business team. If the matter cannot be resolved at that senior level the preference is to refer to some form of ADR (mediation, expert determination, etc.) but adjudication or legal proceedings may be used.
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.
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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
Company Summary
WATES DEVELOPMENTS LIMITED is an active private limited company. Its name clearly indicates its specialisation in property development activities within the UK market.
The company was incorporated on 30 August 1947 and holds company number 00441484. Its registered office is located at Wates House, Station Approach, Leatherhead, Surrey, KT22 7SW, operating within the South East region.
Typically, property development companies in the UK engage in the acquisition of land and existing properties for redevelopment. They oversee the entire development process, from planning and design to construction and the eventual sale or lease of completed residential, commercial, or mixed-use projects.
