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 information available
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 an active private limited company, incorporated on 10 July 1969, based in the North West region. Registered business activity: Treatment and disposal of non-hazardous waste.
From Companies House records.