CUMBRIA WASTE MANAGEMENT LTD. consistently exhibits a trend of delayed payments, with an average payment time of 46 days and only 14% of invoices settled within 30 days. The vast majority of payments (69%) fall into the 31-60 day bracket, indicating a predictable pattern of settling invoices beyond standard 30-day terms rather than promptly.
The company's payment behavior suggests moderate predictability, as most invoices are reliably paid between 31 and 60 days, mitigating extreme volatility in payment timing for the majority. However, the 17% of payments exceeding 60 days introduces a notable risk factor for extended credit periods and cash flow uncertainty on a portion of transactions. This profile indicates a consistent deviation from prompt payment but a relatively stable delayed schedule.
Suppliers should anticipate an average payment period of 46 days, requiring strong cash flow management to accommodate these extended terms. Key decision factors involve assessing tolerance for payments consistently exceeding 30 days and the risk of 17% of invoices extending beyond 60 days. Consider negotiating explicit longer terms, implementing upfront deposits for substantial orders, or adjusting pricing to account for the extended credit window.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days from invoice date
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
Suppliers will contact our Accounts Payable team and/or the originator of the order in the first instance to highlight any issues. If the payment delay is related to a problem in the normal approval process then this will be managed and resolved by the Accounts Payable department. If the delay is related to an error on the supplier invoice the originator of the order will liaise with the supplier to resolve the issue.
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
CUMBRIA WASTE MANAGEMENT LTD. is an active Private limited Company operating in the waste management sector. Its name indicates it specialises in the handling and processing of waste materials.
The company was incorporated on 20 November 1991, operating under company number 02665973. Its registered office is located at 3 Sidings Court, White Rose Way, Doncaster, England, DN4 5NU, establishing its official base in Yorkshire.
Typically, a waste management company in the UK provides a range of essential services. These often include waste collection, recycling, disposal, and hazardous waste management for commercial, industrial, and domestic clients. Such organisations focus on delivering sustainable and compliant waste solutions.