VALENCIA WASTE (THAMES) LIMITED typically settles payments within an average of 30 days, with 61% processed within this standard timeframe. However, a substantial 36% of payments fall into the 31-60 day bracket, indicating a common pattern of slightly delayed processing. A small percentage of 3% are significantly delayed beyond 60 days, showing a trajectory where a minority of payments can extend considerably.
While the majority of payments are reliable within 30 days, the significant 36% extending to 31-60 days introduces a degree of unpredictability for cash flow management. The reported 28% late payment rate, combined with 3% exceeding 60 days, indicates a moderate risk of payment volatility. Suppliers should anticipate that a notable portion of invoices may not be settled strictly within 30 days.
VALENCIA WASTE (THAMES) LIMITED represents a moderate payment risk profile for suppliers, with generally acceptable average payment times but a noticeable proportion of delayed payments. Suppliers should consider the 31-60 day payment window as a realistic expectation for a third of invoices when planning their cash flow. To mitigate risk, consider negotiating shorter payment terms, implementing stricter credit limits, or charging interest on overdue invoices given the 28% late payment rate.
| 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 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
VALENCIA WASTE (THAMES) LIMITED operates as a private limited company. The company name clearly identifies waste management as its core activity and suggests operations related to the Thames region.
This active company was incorporated on 15 November 1994, bearing company number 02990277. Its registered office is situated at Ardley Cottage, Ardley, Bicester, England, OX27 7PH, within the South East region.
Organisations operating in the waste management sector in the UK typically provide a range of services including the collection, treatment, recycling, and responsible disposal of various waste streams. These services often cover industrial, commercial, and domestic waste, with a strong emphasis on environmental compliance.