VIRIDOR LIMITED
Company Information
- Company Number
- 02456473
- Registered Address
- Viridor House Youngman Place, Priory Bridge Road, Taunton, Somerset, TA1 1AP
- Status
- Active
- Employee Count
- 1,014
- Turnover
- £672,100,000
- EBITDA
- £213,800,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 January 1990
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Environment,Agriculture And Waste
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken by VIRIDOR LIMITED to pay invoices has increased over the three periods, from 24 days to 32 days. The percentage of invoices paid within 30 days has decreased from 79% to 63%, while the percentage of invoices paid between 31 and 60 days has increased from 17% to 23%. The percentage of invoices paid later than 60 days has also increased from 5% to 14%. This suggests a trend of slower invoice payments by the company.
Volatility Analysis
The volatility in the average time taken to pay invoices by VIRIDOR LIMITED has been relatively stable, with only a slight increase of 4 days over the three periods. However, there has been some fluctuation in the percentage of invoices paid within 30 days, with a decrease of 8% in the second period followed by an increase of 10% in the third period. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease of 1% in the second period followed by an increase of 3% in the third period. The percentage of invoices paid later than 60 days has shown the most volatility, with an increase of 4% in the second period followed by a further increase of 5% in the third period.
Summary Analysis
Over the three periods, VIRIDOR LIMITED has shown a trend of slower invoice payments, with the average time taken to pay increasing from 24 days to 32 days. This has also been reflected in the decrease in the percentage of invoices paid within 30 days and the increase in the percentage of invoices paid later than 60 days. There has been some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days, but the most significant fluctuation has been in the percentage of invoices paid later than 60 days.
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 2023 - 30 Sept 2023 | 30 Oct 2023 | 28 | 71% | 20% | 9% | 24% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 24 | 79% | 17% | 5% | 22% |
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
The customer shall pay each invoice which is properly due and submitted within 60 days after the end of the month of receipt by the Customer of a valid undisputed invoice (the “Due Date”).
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Viridor introduced a new automated invoice process in conjunction with a new group ERP system in November 2021. This was implemented to deliver improved financial governance and improve the timeliness and response to the invoice workflow and payments to suppliers. A valid invoice reflects: • registered and approved supplier • purchase order number • includes the necessary details of goods/services, date and financial detail and sent either electronically to invoices@viridor.co.uk or by post. Whilst Viridor is not a member of the prompt payment code, we do adopt the principles of the code including: 1. paying suppliers on time – with average payment days below our standard terms 2. Clear guidance to suppliers – our terms and conditions are included within our purchase orders and on our website.
Maximum contractual payment period agreed
90
Dispute Resolution Process
VIRIDOR LIMITED operates an automated invoice process. We work closely with our suppliers and aim to pay all invoices in a timely and accurate manner. Any disputes that arise are immediately brought to the attention of the dedicated Accounts Payable team and Transactional Services Manager who will engage with all relevant stakeholders to ensure a speedy and satisfactory resolution. Any dispute arising that is not resolved is escalated through the finance management structure and the Executive Management team member if required.
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.
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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.
❌
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
VIRIDOR LIMITED is a leading recycling and waste management company in the United Kingdom. They provide sustainable solutions for a wide range of waste materials, including household, commercial, and industrial waste.
Their sustainability program focuses on reducing, reusing, and recycling waste to minimize their impact on the environment. They have invested in state-of-the-art facilities and technology to ensure that as much waste as possible is diverted from landfills. They also work with local communities and businesses to promote responsible waste management practices.
VIRIDOR LIMITED offers a range of products and services, including recycling, waste collection, and renewable energy. They have a network of recycling facilities and waste transfer stations across the UK, making it easier for customers to dispose of their waste responsibly.
The company is led by a team of experienced professionals, including their CEO, Phil Piddington. They have a dedicated team of employees who are committed to delivering sustainable waste management solutions.
To get in touch with VIRIDOR LIMITED, customers can visit their website at www.viridor.co.uk or contact their registered office at Pennon Group PLC, Peninsula House, Rydon Lane, Exeter, Devon, EX2 7HR. They also have a customer service hotline at 0345 300 7700 for any enquiries or concerns.
