VOLKERRAIL LIMITED
Company Information
- Company Number
- 03184313
- Registered Address
- Hertford Road, Hoddesdon, Hertfordshire, EN11 9BX
- Status
- Active
- Employee Count
- 503.0
- Turnover
- 158561000.0
- EBITDA
- 10613000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 April 1996
- Nature of Business
- 42120 - Construction of railways and underground railways
- Industries
- Property,Infrastructure And Construction,Travel And Transportation
- Region
- East of England
Company Location
Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 28 | 58% | 41% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 26 | 68% | 31% | 1% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Jan 2023 | 25 | 64% | 35% | 1% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 23 | 74% | 25% | 1% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | 24 | 72% | 27% | 1% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jul 2021 | 26 | 64% | 35% | 1% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 26 | 63% | 34% | 3% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 25 | 64% | 34% | 2% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 23 | 67% | 32% | 1% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 30 | 54% | 37% | 9% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 35 | 48% | 39% | 13% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 38 | 41% | 46% | 13% | 15% |
Company Summary
VOLKERRAIL LIMITED is a leading UK-based company that specializes in rail infrastructure construction and maintenance
They provide a wide range of services including design, construction, and project management for railway systems
The company has a strong commitment to sustainability, with a dedicated sustainability program in place
This program focuses on reducing the environmental impact of their operations, promoting sustainable practices, and supporting the local communities where they work
VOLKERRAIL LIMITED offers a variety of products and services to the rail industry, including track installation, electrification, signaling, and maintenance
They also have expertise in civil engineering, such as bridges, tunnels, and station construction
Key people at VOLKERRAIL LIMITED include Managing Director, Keith Jessop, and Commercial Director, Stuart Birch
They have a team of highly skilled professionals who are committed to delivering high-quality projects and services
For more information on VOLKERRAIL LIMITED and their services, you can visit their website at www.volkerail.co.uk
Their registered office address is located at 10 Fleet Place, London, EC4M 7RB, United Kingdom
Overall, VOLKERRAIL LIMITED is a reputable company that is dedicated to providing sustainable and innovative solutions in the rail industry
Company Review
Trend Analysis
The trend for VOLKERRAIL LIMITED shows a steady decrease in the average time taken to pay invoices, starting at 38 days in 2018 and reaching a low of 23 days in 2022. This indicates that the company has been improving their payment process and paying their suppliers earlier.
Volatility Analysis
The data for VOLKERRAIL LIMITED shows a relatively stable trend with minimal volatility. There are no major spikes or dips in any of the metrics, indicating that the company has been consistent in their payment process and practices.
Summary Analysis
In summary, VOLKERRAIL LIMITED has shown a steady improvement in their payment process, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. The company has also been successful in avoiding delayed payments to their suppliers, with consistently low percentages of invoices paid later than 60 days. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, which could be an area for improvement.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard terms specify that payment will be made on the 15th day of the second calendar month following the month of invoice, with maximum payment terms of 60 days. All subcontractors and many suppliers on Network Rail contracts however, will have payment periods not exceeding 28 days from the date of valuation or receipt of valid invoice (in agreement with the Network Rail Fair Payment Charter).
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
These figures include the following payments to small businesses (with fewer than 50 employees): • Average time to pay: 25 days • % paid within 30 days: 84% • % paid 31-60 days: 15% • % paid on or after 60 days: 1% • % not paid to agreed terms: 4%
Maximum contractual payment period agreed
60
Dispute Resolution Process
All disputes will be raised and managed by the site teams. The supplier will be advised of the query and it will be the responsibility of the site team to resolve with the supplier. 1. The nature of the dispute is discussed between the site team and supplier. 2. The site team and supplier will come to an agreed time frame for resolution. 3. The supplier is responsible for providing feedback to their accounts team relating to the nature of the dispute and the resolution date. 4. The respective site team will provide feedback to the Accounts Payable (AP) team as to the nature and the resolution date of the dispute. 5. Within the agreed resolution time frame, the AP team will await instructions from the site team as to whether the dispute has been resolved ahead of schedule and whether funds can be released. 6. Where the dispute has exceeded the stated resolution timeframe, the AP team will escalate to the appropriate management level to ensure a new resolution date or payment.
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