SOUTH STAFFORDSHIRE WATER PLC
Company Information
- Company Number
- 02662742
- Registered Address
- Green Lane, Walsall, West Midlands, WS2 7PD
- Status
- Active
- Employee Count
- 410
- Turnover
- £153,400,000
- EBITDA
- £61,099,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 25 November 1991
- Nature of Business
- 36000 - Water collection, treatment and supply
- Industries
- Energy, Environment, Agriculture And Waste
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
SOUTH STAFFORDSHIRE WATER PLC processes payments with an average time of 28 days, with 64% completed within 30 days. However, a significant 27% of invoices are paid late, indicating a consistent segment of transactions that deviate from prompt payment. This suggests a variable trend in payment speed, where while the majority are timely, a notable portion experiences delays.
Volatility Analysis
The 27% late payment rate introduces an element of unpredictability regarding when a specific invoice will be settled. Furthermore, the 7% of payments extending beyond 60 days represents a specific cash flow risk for suppliers, indicating that a minority of invoices face substantial delays. This distribution across different payment windows signals moderate payment volatility, making precise cash flow forecasting challenging for individual invoices.
Summary Analysis
While SOUTH STAFFORDSHIRE WATER PLC's average payment time is acceptable at 28 days, suppliers must account for the 27% late payment rate when assessing credit risk. It is recommended that suppliers establish clear payment terms and consider building a slight buffer into cash flow projections for potential delays. For higher value contracts, implementing stricter credit limits or exploring early payment incentives could help mitigate the observed payment volatility.
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 2021 - 30 Sept 2021 | 01 Nov 2021 | 28 | 64% | 29% | 7% | 27% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 30 | 61% | 30% | 9% | 31% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Nov 2020 | 30 | 56% | 35% | 9% | 28% |
| 01 Oct 2019 - 31 Mar 2020 | 13 May 2020 | 31 | 57% | 33% | 10% | 32% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 31 | 72% | 21% | 7% | 33% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 49 | 31% | 50% | 18% | 32% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 52 | 33% | 47% | 20% | 35% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 53 | 33% | 46% | 21% | 36% |
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
"Standard payment terms are usually within the range set out above, and are agreed prior to the commencement of trading and form part of our trading terms and conditions."
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
Dispute Resolution Process
The business currently completes weekly BACs payment runs and is working towards achieving the requirements of the Prompt Payment Code as part of our commitments made for PR19, recognising the importance of cash-flow to our supply chain and the need to positively support SMEs.
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
SOUTH STAFFORDSHIRE WATER PLC is an active public limited company that operates as a water utility provider. Its company type and name indicate its primary function within the UK infrastructure sector.
The company, registered under company number 02662742, was incorporated on 25 November 1991. Its registered office is located at Green Lane, Walsall, West Midlands, WS2 7PD, placing its operations within the West Midlands region.
Companies of this type in the UK market typically specialise in the provision of essential water supply services. This includes the abstraction, treatment, and distribution of potable water to residential and commercial customers, alongside the management of the associated network infrastructure.
