VALENCIA WASTE (SOMERSET) LIMITED
Company Information
- Company Number
- 02631783
- Registered Address
- Oil Depot, 242 London Road, Stretton On Dunsmore, England, CV23 9JA
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 July 1991
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
While VALENCIA WASTE (SOMERSET) LIMITED's average payment time is 28 days, a significant 52% of payments are classified as late. The distribution shows 68% within 30 days, but 22% extend to 31-60 days and a concerning 10% go beyond 60 days, indicating a consistent pattern of delayed payments for a substantial portion of invoices. This suggests a trajectory where timely payment is not guaranteed for nearly half of transactions.
Volatility Analysis
The high percentage of late payments (52%) introduces considerable unreliability and unpredictability for suppliers regarding cash flow. With 10% of payments exceeding 60 days, there is a tangible risk of prolonged delays, potentially impacting a supplier's working capital management. This inconsistent payment behavior presents a clear risk factor for planning and operational stability.
Summary Analysis
Given that 52% of payments are late, suppliers should anticipate significant payment delays from VALENCIA WASTE (SOMERSET) LIMITED. Key decision factors include the potential impact on cash flow and the need for robust credit terms, such as requiring upfront payments or negotiating shorter payment terms. Consider implementing late payment penalties or closely monitoring overdue invoices to mitigate the risk of extended outstanding balances.
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 | 29 Apr 2022 | 28 | 68% | 22% | 10% | 52% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 27 | 66% | 32% | 2% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 30 | 61% | 36% | 3% | 28% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 29 | 59% | 39% | 2% | 27% |
| 01 Oct 2019 - 31 Mar 2020 | 24 Apr 2020 | 26 | 74% | 23% | 3% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 28 | 77% | 18% | 5% | 17% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 25 | 82% | 12% | 6% | 11% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 16 | 92% | 6% | 2% | 14% |
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 after the end of the month of receipt by the Customer of a valid undisputed invoice. All payment activity for Viridor Ltd and all subsidiaries are managed and processed by Viridor Waste Management Ltd (the main group trading company). As a result, the payment practices reported for Viridor Waste Management Ltd reflect all transactions across the group.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
As a result, the payment practices reported reflect all transactions across the Viridor group plus any specific payments made directly by the subsidiary. Viridor introduced an automated invoice process in conjunction with a new group ERP system on 1 April 2018. 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 which is below our standard terms and lower than 30 days 2. Clear guidance to suppliers – our terms and conditions are included within our purchase orders and on our website. 3. Encourage good practice – as part of Viridor a Supplier Code of Conduct and Sustainable Procurement Policy was launched in November 2018.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Viridor Waste Management Ltd 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.
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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
VALENCIA WASTE (SOMERSET) LIMITED operates as an active private limited company. Its name indicates a specialisation in waste management services.
Incorporated on 23 July 1991, the company holds the active company number 02631783. Its registered office is located at Oil Depot, 242 London Road, Stretton On Dunsmore, England, CV23 9JA, within the West Midlands region.
Companies specialising in waste management typically provide a range of essential services to both commercial and domestic clients across the UK. These often include waste collection, recycling processing, secure disposal, and the treatment of various waste streams.
