| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 29 | 69% | 26% | 5% | 17% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 27 | 72% | 24% | 4% | 16% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 27 | 72% | 25% | 3% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 26 | 74% | 21% | 5% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 35 | 57% | 30% | 13% | 33% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 31 | 62% | 28% | 10% | 31% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 31 | 66% | 27% | 7% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 30 | 64% | 31% | 5% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 34 | 53% | 41% | 6% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 34 | 47% | 48% | 5% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 36 | 44% | 50% | 6% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 34 | 48% | 46% | 6% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 37 | 48% | 42% | 10% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 40 | 35% | 43% | 22% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 40 | 33% | 45% | 22% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 39 | 39% | 44% | 17% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
VolkerHighways 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
VolkerHighways Limited is committed to supporting the local community wherever we work and endeavour to engage with Small to Medium Enterprises (SMEs), community sector organisations and a diverse range of enterprises in our supply chain. We ensure our procurement processes are transparent, straightforward, and open and we are committed to paying our SME supply chain promptly in recognition of their specific challenge around cash flow, and encourage our supply chain to adopt supporting practices. In order for invoices to be paid on a timely basis, all invoices must be received by our VolkerWessels UK Accounts Payable team before they are recognised as valid for payment. For guidance on how to get paid please see our website: https://www.volkerwessels.co.uk/en/get-paid
Maximum contractual payment period agreed
60
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.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
VolkerHighways Limited is a leading construction and infrastructure company based in the United Kingdom. Founded in 2002, the company specializes in providing a wide range of services including construction, highways maintenance, and civil engineering projects.
As a company committed to sustainability, VolkerHighways has implemented various initiatives to reduce its environmental impact. This includes promoting the use of sustainable materials, reducing carbon emissions, and minimizing waste in its operations.
In terms of products and services, VolkerHighways offers a comprehensive range of construction and infrastructure solutions to its clients. These include road and bridge construction, street lighting, traffic management, and public realm projects. The company also offers maintenance and repair services for highways and other infrastructure.
The key people at VolkerHighways Limited include its CEO, Alan Robertson, and the Managing Director, Paul Fox. Both have extensive experience in the construction and infrastructure industry, and are committed to driving the company's success.
For more information about their services and projects, interested individuals or organizations can visit their website at www.volkerhighways.co.uk. The company's registered office address is located at 1200 Parkway, Solent Business Park, Whiteley, Hampshire, PO15 7AE.
In conclusion, VolkerHighways Limited is a reputable company in the UK construction and infrastructure industry, known for its commitment to sustainability and high-quality services. With a strong leadership team and a diverse range of services, the company continues to thrive and make a positive impact in the communities it serves.
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