THAMES WATER LIMITED
Company Information
- Company Number
- 02366623
- Registered Address
- 7th Floor 3 More London Riverside, London, United Kingdom, SE1 2AQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- -£700,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 April 1989
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
THAMES WATER LIMITED consistently demonstrates an exceptional payment trend, settling invoices within an average of just 7 days. All payments are completed well within the 30-day mark, indicating a robust and highly efficient payment processing system. This data suggests a reliable and consistently early payment trajectory for suppliers.
Volatility Analysis
The payment data reveals zero volatility, with 100% of invoices paid within 30 days and absolutely no late payments recorded. This reflects extremely high reliability and predictability for suppliers regarding the timing of their payments. Based on these metrics, there are no significant payment risk factors identified, ensuring consistent cash flow for suppliers.
Summary Analysis
Given the exemplary payment record, THAMES WATER LIMITED is highly recommended as a financially dependable counterparty for suppliers. Key decision factors include their average 7-day payment time and a 0% late payment rate, signifying strong financial health and operational efficiency. With minimal payment risk identified, suppliers can engage with confidence, requiring no specific payment-related risk mitigation strategies.
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 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 7 | 100% | 0% | 0% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 6 | 100% | 0% | 0% | 100% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 12 | 100% | 0% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 9 | 89% | 0% | 11% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 22 Oct 2020 | 33 | 56% | 22% | 22% | 25% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 22 | 75% | 8% | 17% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 7 | 100% | 0% | 0% | 25% |
| 01 Apr 2018 - 30 Sept 2018 | 19 Nov 2018 | 26 | 69% | 31% | 0% | 46% |
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
We do not have standard payment terms as the volume of transactions are very small (2 in this reporting period).
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
14
Dispute Resolution Process
Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address:invoiceresolution@thameswater.co.uk In the event of specific dispute, the supplier should contact the individual who is the main point of contact as identified on the purchase order. Payment will not be made until the dispute is resolved.
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
THAMES WATER LIMITED is an active private limited company. Its name, "Thames Water," indicates its specialisation within the water industry.
The company was incorporated on 1 April 1989 and is registered under company number 02366623. Its registered office is located at 7th Floor 3 More London Riverside, London, United Kingdom, SE1 2AQ. This places its operational and administrative base in London.
Companies operating in the water industry in the UK typically provide essential services such as the abstraction, treatment, and distribution of potable water. They also commonly manage wastewater collection, treatment, and disposal services. These organisations often maintain extensive infrastructure networks for water and sewerage systems across their operational areas.
