The average time taken for ONSITE CENTRAL LIMITED to pay invoices has decreased from 45 days in the period of Apr 2018 - Sep 2018 to 29 days in the period of Apr 2021 - Sep 2021. This shows a positive trend towards faster payment.
The company has shown a relatively stable trend in terms of average time to pay and percentage of invoices paid within 30 days. However, there has been a significant decrease in the percentage of invoices paid between 31 and 60 days, with a decrease of 48% from Oct 2018 - Mar 2019 to Apr 2021 - Sep 2021. This shows a strong effort from ONSITE CENTRAL LIMITED to pay suppliers within the agreed terms.
The average time taken for ONSITE CENTRAL LIMITED to pay invoices has decreased consistently over the past three periods, from 45 days in Apr 2018 - Sep 2018 to 29 days in Apr 2021 - Sep 2021. The company has also improved its payment practices, with the percentage of invoices paid within 30 days increasing from 8% to 53% in the same time period.
| 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 | 29 | 53% | 43% | 4% | 58% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 23 | 73% | 25% | 2% | 26% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Nov 2020 | 25 | 64% | 33% | 3% | 30% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 27 | 66% | 32% | 3% | 28% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 42 | 12% | 67% | 21% | 37% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 45 | 11% | 75% | 14% | 33% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 45 | 8% | 72% | 20% | 37% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are usually within the range set out above, and are agreed prior to the commencement of trading.
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
90
Disputes are resolved by the relevant parties involved, including Finance, Purchasing, business and suppliers.
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
Onsite Central Limited trades as OnSite, part of South Staffordshire Group. Established in 1977, it provides specialist contracting services to the water industry and related sectors across the UK, with international project delivery. Its work covers drainage, pipeline and civil engineering services, including sewer cleaning, surveys and rehabilitation, trenchless technologies, temporary dams, water mains repair, leak detection, flow monitoring and rail civil engineering. The company operates specialist plant and equipment to maintain and repair wastewater and clean water assets for water companies, commercial and industrial clients, and rail infrastructure owners. It supports asset owners in managing the performance of drainage and pipeline networks through survey, maintenance and repair works.
Generated from the company's website and Companies House records. Sources: onsite.co.uk · onsite.co.uk · onsite.co.uk