VALENCIA WASTE KENT LIMITED
Company Information
- Company Number
- 02751074
- Registered Address
- Oil Depot, 242 London Road, Stretton On Dunsmore, England, CV23 9JA
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- £17,232,000
- EBITDA
- £4,476,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 September 1992
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Environment, Agriculture And Waste
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
VALENCIA WASTE KENT LIMITED demonstrates an average payment time of 30 days, with 61% of invoices settled within this period. However, a significant trend shows 36% of payments extending into the 31-60 day range, indicating a consistent tendency for a substantial portion of invoices to exceed initial terms. Only a minimal 3% of payments are delayed beyond 60 days, suggesting that while some payments are slow, extreme long-term delays are uncommon.
Volatility Analysis
The company exhibits a moderate level of payment unpredictability, with 28% of all payments being late. This indicates that while the majority are timely, suppliers should anticipate that approximately one-third of invoices will likely be paid between 31 and 60 days, impacting immediate cash flow. Although severe delays are infrequent (3%), the consistent percentage of late payments suggests a measured approach is needed for cash flow forecasting.
Summary Analysis
VALENCIA WASTE KENT LIMITED presents a moderately reliable payment profile; while the majority pays within 30 days, a notable portion consistently pays between 31-60 days. Suppliers should account for this extended payment cycle for a segment of invoices when establishing credit terms and managing their working capital. It is recommended to consider strategies such as stricter credit limits for new engagements or proactive invoice follow-up to mitigate potential cash flow impacts.
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 2019 - 30 Sept 2019 | 29 Oct 2019 | 28 | 77% | 18% | 5% | 17% |
| 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 KENT LIMITED is an active private limited company. Its name indicates it operates within the waste management sector.
The company was incorporated on 28 September 1992 and holds company number 02751074. Its registered office is located in the West Midlands at Oil Depot, 242 London Road, Stretton On Dunsmore, England, CV23 9JA.
Typical services offered by companies in the UK waste management sector include the collection, sorting, treatment, and disposal of various waste materials. These organisations often provide recycling solutions and advice on waste reduction and environmental compliance.
