Score of 95.3/100 qualifies for PaymentCheck Certification
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%.
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.
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.
| 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 2025 - 31 Mar 2026 | 09 Apr 2026 | 13 | 85% | 11% | 4% | 68% |
| 01 Oct 2024 - 31 Mar 2025 | 08 Apr 2026 | 27 | 77% | 18% | 5% | 70% |
| 01 Apr 2024 - 30 Sept 2024 | 08 Apr 2026 | 30 | 81% | 12% | 7% | 62% |
| 01 Oct 2023 - 31 Mar 2024 | 08 Apr 2026 | 23 | 83% | 13% | 4% | 40% |
| 01 Apr 2023 - 30 Sept 2023 | 08 Apr 2026 | 21 | 78% | 19% | 3% | 90% |
| 01 Apr 2022 - 30 Sept 2022 | 07 Apr 2026 | 17 | 87% | 9% | 4% | 66% |
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Normally 30 days from receipt of invoice (>80% of suppliers have these payment terms)
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
60
Disputes with suppliers over payment terms are relatively rare. Almost all delays in payment of invoices (when these occur) relate to obtaining appropriate approvals and sign-offs. Where disputes do arise, these are resolved with discussions between finance, the relevant department purchasing the product or services, and the supplier themselves.
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.
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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
Portsmouth Water Limited is a water company registered in England, with SIC classification for water collection, treatment and supply. Evidence confirms it abstracts groundwater from the chalk aquifer of the South Downs, together with some water from the River Itchen, to supply public drinking water in its area. The company is also a partner in the Downs and Harbours Clean Water Partnership, a joint initiative with Catchment Sensitive Farming and the Environment Agency, working to reduce nitrate pollution and protect groundwater, rivers, harbours and coastal waters across East Hampshire and West Sussex. This catchment management work includes advice and grants for farmers, landowners and equestrian establishments, and a biodiversity grant scheme.
Generated from the company's website and Companies House records. Sources: cleanwaterpartnership.co.uk · cleanwaterpartnership.co.uk