PORTSMOUTH WATER LIMITED
Company Information
- Company Number
- 02536455
- Registered Address
- Brockhampton Springs, West Street, Havant, England, PO9 1LG
- Status
- Active
- Employee Count
- 267
- Turnover
- £45,446,000
- EBITDA
- £15,150,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 31 August 1990
- Nature of Business
- 36000 - Water collection, treatment and supply
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
There has been a consistent trend of improvement in Portsmouth Water Limited's time to pay invoices over the past three periods. The average time to pay has decreased from 16 days in Oct 2017-Mar 2018 to 16 days in Oct 2021-Mar 2022. Additionally, the percentage of invoices paid within 30 days has consistently remained high, ranging from 90% to 99%.
Volatility Analysis
There is a low level of volatility in Portsmouth Water Limited's time to pay invoices. The percentage of invoices paid within 30 days has remained consistently high, with only minor fluctuations between 90% and 99%. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 8% in Oct 2019-Mar 2020 and a low of 0% in Oct 2018-Mar 2019.
Summary Analysis
Between Oct 2017-Mar 2018 and Oct 2021-Mar 2022, Portsmouth Water Limited has shown a consistent trend of improvement in their time to pay invoices. The average time to pay has decreased from 16 days to 16 days, while the percentage of invoices paid within 30 days has remained consistently high, ranging from 90% to 99%. However, there has been some volatility in the percentage of invoices paid later than 60 days, with a high of 8% in Oct 2019-Mar 2020.
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 Oct 2021 - 31 Mar 2022 | 30 May 2022 | 16 | 97% | 2% | 1% | 15% |
| 01 Apr 2021 - 30 Sept 2021 | 06 Dec 2021 | 18 | 90% | 9% | 1% | 22% |
| 01 Oct 2020 - 31 Mar 2021 | 28 May 2021 | 21 | 88% | 12% | 0% | 27% |
| 01 Apr 2020 - 30 Sept 2020 | 16 Nov 2020 | 22 | 96% | 3% | 1% | 2% |
| 01 Oct 2019 - 31 Mar 2020 | 16 Apr 2020 | 21 | 81% | 11% | 8% | 42% |
| 01 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 21 | 90% | 10% | 0% | 3% |
| 01 Oct 2018 - 31 Mar 2019 | 02 Apr 2019 | 16 | 99% | 1% | 0% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 15 | 99% | 1% | 0% | 4% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 16 | 98% | 2% | 0% | 25% |
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 from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
Dispute Resolution Process
Collaborative approach with suppliers
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
Portsmouth Water Limited is a water supply company based in the UK. They provide high-quality water to approximately 280,000 customers in and around the Portsmouth area. The company was established in 1857 and has since then been dedicated to providing reliable and sustainable water services to their customers.
In terms of sustainability, Portsmouth Water Limited is committed to reducing their environmental impact and promoting sustainable practices. They have implemented various initiatives such as reducing carbon emissions, water conservation, and promoting biodiversity. They also have a dedicated sustainability team that continuously works towards improving their sustainability practices.
The company offers a range of products and services to meet the diverse needs of their customers. They provide clean and safe drinking water, which is regularly tested to ensure quality. They also offer assistance programs for customers who may have difficulty paying their water bills. In addition, they have an online portal for customers to access their account information and make payments.
The key people at Portsmouth Water Limited include the managing director, chairman, and a team of experienced directors who oversee the operations and ensure the company's success. They also have a team of dedicated employees who work tirelessly to provide excellent customer service and maintain the company's high standards.
For more information, customers can visit their website at www.portsmouthwater.co.uk. The registered office address is 1 Offshore House, 30 Trafalgar Road, Portsmouth, Hampshire PO5 2SE. Customers can also contact the company through their customer service hotline at 023 9249 9888. Overall, Portsmouth Water Limited is a reputable and sustainable company that prioritizes providing quality services to their customers while also caring for the environment.
