WATES PROPERTY SERVICES LIMITED
Company Information
- Company Number
- 01141788
- Registered Address
- Wates House, Station Approach, Leatherhead, Surrey, England, KT22 7SW
- Status
- Active
- Employee Count
- 1,472
- Turnover
- £508,899,000
- EBITDA
- £17,042,000
Additional Details
- Website
- https://wates.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 26 October 1973
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 23 | 85% | 13% | 2% | 11% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 25 | 79% | 17% | 4% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 36 | 51% | 42% | 7% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 32 | 50% | 48% | 2% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 34 | 46% | 52% | 2% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 35 | 40% | 58% | 2% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 38 | 32% | 66% | 2% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 39 | 29% | 68% | 3% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 39 | 39% | 55% | 6% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 34 | 53% | 40% | 7% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 43 | 48% | 42% | 10% | 61% |
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
61
Dispute Resolution Process
WPSL proactively seeks to resolve disputes by discussing them with the relevant supplier and subcontractors following monthly account statement reconciliation exercise conducted by members of the Finance team. Outstanding invoices are monitored through aged creditors reports on monthly basis and disputed invoices escalated to Quantity surveyors and commercial managers for resolution. Where it is not possible to reach agreement, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and / or arbitration) may be used. In case adjudication is selected as the preferred scheme, the Adjudicator shall be nominated by The Royal Institution of Chartered Surveyors.
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.
❌
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.
❌
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
Company Summary
WATES PROPERTY SERVICES LIMITED is a British company that provides property management and maintenance services. The company was founded in 1993 and is based in Leatherhead, Surrey. WATES PROPERTY SERVICES LIMITED is a subsidiary of the WATES Group, a well-established construction and development company.
The company offers a range of services including property management, building maintenance, refurbishment, and construction. They have a team of skilled professionals who are dedicated to delivering high-quality services to their clients.
In terms of sustainability, WATES PROPERTY SERVICES LIMITED has a strong commitment to reducing their environmental impact. They have implemented various initiatives such as using sustainable materials, reducing energy consumption, and promoting recycling. The company also offers sustainable solutions to their clients, such as eco-friendly building materials and energy-efficient systems.
Some of the key people in the company include the CEO, David Allen, and the Managing Director, Peter Handcock. They are supported by a team of experienced managers and professionals.
For further information on their services and sustainability efforts, interested parties can visit the company's website at www.wates.co.uk. The registered office address of WATES PROPERTY SERVICES LIMITED is 4 The Square, Stockley Park, Uxbridge, Middlesex UB11 1ET. Overall, WATES PROPERTY SERVICES LIMITED is a reputable company that provides efficient and sustainable property management services in the UK.
