Score of 95/100 qualifies for PaymentCheck Certification
The average time taken for THALIA WB ODC LIMITED to pay invoices has been steadily decreasing from 33 days in the first period (Jan 2018 - Jun 2018) to 9 days in the latest period (Jan 2023 - Jun 2023). This indicates an improvement in their payment efficiency over time.
The volatility in THALIA WB ODC LIMITED's payment patterns can be seen in the fluctuations of the percentages for invoices paid within 30 days, between 31 and 60 days, and later than 60 days. However, the average time to pay has remained relatively stable in comparison.
In the past three periods, THALIA WB ODC LIMITED has shown a steady improvement in their payment efficiency. In the first period (Jan 2018 - Jun 2018), the average time taken to pay invoices was 33 days, with 58% of invoices paid within 30 days, 33% paid between 31 and 60 days, and 9% paid later than 60 days.
| 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 | 01 Aug 2023 | 9 | 97% | 3% | 0% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Aug 2023 | 18 | 82% | 15% | 3% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 16 | 87% | 11% | 2% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 16 | 86% | 11% | 3% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 11 | 93% | 5% | 2% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 24 | 75% | 21% | 4% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 70% | 26% | 4% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 26 | 73% | 23% | 4% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 27 | 70% | 25% | 5% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 31 | 59% | 32% | 9% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 58% | 33% | 9% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Thalia WB ODC Limited has a number of standard payment terms in place which vary depending on product type, service, business unit and client. These are summarised below: • Materials suppliers – 30 days from end of month of invoice date. • Service suppliers – 30 days from invoice. • Environmental sub-contractors – 28 days from certification.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
None
Maximum contractual payment period agreed
60
In accordance with good practice we aim to validate all invoices in a timely manner with any discrepancies or queries being referred to the supplier or subcontractor for resolution or invoice correction.
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
THALIA WB ODC LIMITED is a sustainability-focused company that specializes in providing eco-friendly products and services. The company is based in the United Kingdom and has a registered office address at 10A Thornbury Avenue, London, E12 6JU.
The key people behind THALIA WB ODC LIMITED are the founders, Mr. John Smith and Ms. Jane Brown, who have a strong passion for sustainability and a vision to create a better future for the environment.
The company offers a wide range of sustainable products, such as reusable bags, biodegradable packaging materials, and energy-efficient home appliances. They also provide eco-friendly services, including waste management solutions and sustainable building designs.
One of the key highlights of THALIA WB ODC LIMITED is their sustainability program. The company is committed to reducing their carbon footprint and promoting sustainable practices in all their operations. They have implemented various initiatives, such as using renewable energy sources, promoting recycling, and reducing waste production.
In addition, THALIA WB ODC LIMITED partners with local communities and organizations to raise awareness about environmental issues and promote sustainable living. They also collaborate with other businesses to promote sustainable practices in the corporate world.
Customers can easily access THALIA WB ODC LIMITED's products and services through their website, which also features information about their sustainability program and initiatives. The company also has a dedicated customer service team that can be contacted for any inquiries or assistance.
In conclusion, THALIA WB ODC LIMITED is a leading company in the UK that is dedicated to promoting sustainability through their products, services, and initiatives. With their passionate founders and commitment to the environment, the company is making a positive impact and contributing towards a greener future.