ANGLIAN WATER BUSINESS NATIONAL LIMITED
Company Details
Registration Number
03017251
Registered Address
Northumbria House Abbey Road Pity Me Durham United Kingdom DH1 5FJ
Company Status
Active
Employee Count
317
Turnover
£434,970,000
EBITDA
£8,121,000
Additional Information
Website
anglianwaterbusiness.co.uk/Company Type
Private limited Company
Incorporated on
14 February 1995
Nature of Business (SIC)
36000 - Water collection, treatment and supply
Industries
0
Region
North EastCompany Location
Financial Overview
£332,000
£43,799,000
Last Reporting Period
Filed
27 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
27 days
Payment Periods
Shortest
15 days
Longest
60 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
23%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 30 Sep 2023 | 27 Oct 2023 | 27 | 68% | 30% | 2% | 23% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 27 | 76% | 22% | 2% | 23% |
| 01 Apr 2022 - 30 Sep 2022 | 31 Oct 2022 | 29 | 68% | 30% | 2% | 32% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Apr 2022 | 28 | 69% | 28% | 3% | 29% |
| 01 Apr 2021 - 30 Sep 2021 | 21 Oct 2021 | 26 | 72% | 26% | 2% | 27% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 26 | 75% | 22% | 3% | 25% |
| 01 Apr 2020 - 30 Sep 2020 | 29 Oct 2020 | 30 | 60% | 36% | 4% | 31% |
| 01 Apr 2020 - 30 Sep 2020 | 29 Oct 2020 | |||||
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 27 | 71% | 26% | 3% | 29% |
| 01 Apr 2019 - 30 Sep 2019 | 25 Oct 2019 | 48 | 61% | 24% | 15% | 39% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Oct 2019 | 39 | 54% | 37% | 9% | 50% |
| 01 Apr 2018 - 30 Sep 2018 | 25 Oct 2019 | 38 | 41% | 46% | 13% | 61% |
Company Summary
Anglian Water Business (National) Limited is a leading water and wastewater service provider in the United Kingdom
It is a subsidiary of Anglian Water Group, which serves over 6 million customers across the East of England and beyond
The company offers a wide range of products and services, including water supply, wastewater treatment, and energy management solutions
It also provides metering and billing services for commercial and industrial customers
Anglian Water Business is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes investing in renewable energy sources, reducing carbon emissions, and promoting water conservation
The company's sustainability program, called 'Love Every Drop,' aims to protect and care for the environment while providing high-quality services to its customers
This includes initiatives such as reducing leakage, managing flood risks, and promoting responsible water usage
Anglian Water Business is led by a team of experienced and dedicated professionals
Its CEO, Bob Wilson, has over 25 years of experience in the water industry and is committed to driving the company's sustainability agenda
To contact Anglian Water Business, customers can visit their website at www.anglianwaterbusiness.co.uk or visit their registered office at Lancaster House, Lancaster Way, Ermine Business Park, Huntingdon, Cambridgeshire, PE29 6XU
The company also has a dedicated customer service team that can be reached at 03450 704 158
Company Review
Trend Analysis
The trend for ANGLIAN WATER BUSINESS (NATIONAL) LIMITED over the past three periods has been a decrease in the average time taken to pay invoices. In the first period of 2018-04-01 to 2018-09-30, the average time to pay was 38 days. This decreased to 39 days in the following period of 2018-10-01 to 2019-03-31. In the most recent period of 2019-04-01 to 2019-09-30, the average time to pay decreased further to 27 days. This trend shows that the company is improving in their payment processes and paying invoices more quickly.
Volatility Analysis
The volatility of ANGLIAN WATER BUSINESS (NATIONAL) LIMITED's payment practices over the past three periods can be seen in the changes in the percentage of invoices paid within 30 days. In the first period of 2018-04-01 to 2018-09-30, only 41% of invoices were paid within 30 days, whereas in the most recent period of 2019-04-01 to 2019-09-30, this increased to 61%. This shows that there has been some volatility in the company's payment practices, but overall there has been an improvement in paying invoices within 30 days.
Summary Analysis
ANGLIAN WATER BUSINESS (NATIONAL) LIMITED has shown improvement in their payment practices over the past three periods. The average time to pay has decreased from 38 days to 27 days, showing that the company is paying invoices more quickly. The percentage of invoices paid within 30 days has also increased from 41% to 61%, indicating that the company is becoming more consistent in paying invoices on time. Additionally, the percentage of invoices paid later than 60 days has decreased from 13% to 3%, showing an improvement in avoiding delays in payment.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Water wholesalers per the market code = 15 days. Other suppliers 30 days as standard, but select suppliers offer 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Invoices are only released for payment when they are approved in the P2P system. The invoice approver would resolve any queries before approving the invoice, or the invoice would be rejected and queried with the supplier.
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?
❌
