THAMES WATER UTILITIES LIMITED
Company Information
- Company Number
- 02366661
- Registered Address
- Clearwater Court, Vastern Road, Reading, Berkshire, RG1 8DB
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 April 1989
- Nature of Business
- 36000 - Water collection, treatment and supply
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time for THAMES WATER UTILITIES LIMITED is 63 days, indicating a consistent trend of slow payments. A substantial 42% of invoices are paid over 60 days, with only 25% settled within 30 days, showing a clear trajectory towards extended payment cycles. This pattern suggests that suppliers should anticipate payments taking well beyond standard 30-day terms.
Volatility Analysis
The distribution of payments highlights significant unpredictability regarding prompt settlement, with 42% exceeding 60 days. This creates a high cash flow risk for suppliers, exacerbated by 14% of payments officially categorized as late. The data suggests that suppliers cannot reliably predict timely payments and face substantial delays.
Summary Analysis
THAMES WATER UTILITIES LIMITED presents a high payment risk due to its average 63-day payment cycle and a significant proportion (42%) of payments taking over 60 days. Suppliers should factor in these extended payment times and the 14% late payment rate when determining engagement and pricing. Mitigation strategies should include establishing clear payment terms, potentially requesting upfront payments for significant projects, or utilizing credit insurance.
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 2025 - 30 Sept 2025 | 23 Oct 2025 | 63 | 25% | 33% | 42% | 14% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 61 | 25% | 32% | 43% | 16% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 64 | 22% | 25% | 53% | 17% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 58 | 25% | 31% | 44% | 28% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 59 | 23% | 26% | 51% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 58 | 21% | 27% | 52% | 17% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 60 | 20% | 19% | 61% | 15% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 59 | 19% | 21% | 60% | 14% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 60 | 17% | 20% | 63% | 14% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 61 | 15% | 21% | 64% | 11% |
| 01 Apr 2020 - 30 Sept 2020 | 22 Oct 2020 | 62 | 15% | 15% | 70% | 12% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 57 | 23% | 23% | 54% | 24% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 60 | 20% | 21% | 59% | 14% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 59 | 22% | 26% | 52% | 25% |
| 01 Apr 2018 - 30 Sept 2018 | 13 Nov 2018 | 60 | 21% | 25% | 54% | 20% |
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
Unless otherwise agreed, our standard payment terms are 60 end of month. This means payment is due at the last day of the second month following receipt of a correctly presented compliant invoice. e.g. valid invoice received on 1st July would be due for payment on 30th September (91 days), valid invoice received on 31st July would be due for payment on 30th September (61 days)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We operate a weekly BACS and cheque run which includes invoices due up until the Sunday of that week. Of the 14% of invoices due but not paid within agreed terms referred to in the Payment Statistics section above, 64% are overdue by 1-5 days. This is attributed to our weekly payment timetable. The remaining invoices not paid within the agreed terms are for invoices that are being queried or are in dispute.
Maximum contractual payment period agreed
91
Dispute Resolution Process
There are two different types of dispute: 1. Non-compliant: Invoices should be presented promptly to the address indicated on the purchase order and must contain a valid purchase order number. If invoices are non-compliant, they will be returned unprocessed, negatively impacting the payment date. Full details of what is considered a compliant invoice can be found within our website https://www.thameswater.co.uk/about-us/our-suppliers We will endeavour to resolve these in a fair and timely manner. In the event of specific issue, 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 issue is resolved. 2. Formal disputes: Where a solicitor has been formally instructed by Thames. Not where a pre-legal notice or final demand has been received. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address:invoiceresolution@thameswater.co.uk
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.
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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
Company Summary
THAMES WATER UTILITIES LIMITED is an active private limited company operating in the water utilities sector
This type of organisation typically provides essential water supply and wastewater management services
Incorporated on 1 April 1989, the company holds company number 02366661
Its registered office is located at Clearwater Court, Vastern Road, Reading, Berkshire, RG1 8DB, within the South East region
In the UK market, water utilities are generally responsible for the abstraction, treatment, and distribution of potable water to consumers
They also manage the collection, treatment, and safe discharge of wastewater, maintaining the necessary infrastructure of pipes, reservoirs, and treatment works
