WATER PLUS SELECT LIMITED
Company Information
- Company Number
- 03511659
- Registered Address
- Prospect House Gordon Banks Drive, Trentham Lakes, Stoke-On-Trent, United Kingdom, ST4 4TW
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 17 February 1998
- Nature of Business
- 36000 - Water collection, treatment and supply
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
WATER PLUS SELECT LIMITED exhibits an excellent payment trend, with an average payment time of just 17 days. A significant 94% of invoices are consistently settled within 30 days, indicating a strong trajectory of prompt and predictable payments. This data suggests a highly favorable and stable payment speed for suppliers.
Volatility Analysis
Payment volatility for WATER PLUS SELECT LIMITED is remarkably low, with the vast majority of invoices paid within 30 days, ensuring high reliability for suppliers. While a small 5% fall into the 31-60 day bracket and 1% exceed 60 days, these infrequent occurrences represent minimal predictability risk. The 1% late payment rate signifies an isolated, rather than systemic, risk factor.
Summary Analysis
Suppliers can confidently view WATER PLUS SELECT LIMITED as a very low-risk partner, given their consistently prompt payment behavior. The excellent average payment time and high percentage of on-time payments are key decision factors indicating strong financial discipline. While extremely rare, for the 1% of payments exceeding 60 days, suppliers may consider standard credit terms or open communication as a minor mitigation strategy.
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 | 17 | 94% | 5% | 1% | 1% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 15 | 94% | 6% | 0% | 3% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 18 | 86% | 13% | 1% | 4% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Oct 2020 | 15 | 99% | 0% | 1% | 1% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 18 | 88% | 12% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 15 | 94% | 6% | 0% | 1% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 15 | 85% | 12% | 3% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 18 | 92% | 5% | 3% | 8% |
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
Standard payment terms are 30 days from receipt of invoice. Wholesale invoices are paid in accordance with the Wholesale Retail Code (WRC).
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
60
Dispute Resolution Process
The Water Plus dispute resolution process is included as part of the terms and conditions of our supplier contracts. If a dispute arises, the supplier shall give written notice to Water Plus along with any supporting documentation, at which point both parties shall attempt to resolve the dispute in good faith. Disputes that cannot be resolved directly between the supplier and Water Plus are settled in accordance with the CEDR Model Mediation Procedure.
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?
No information available
Company Summary
WATER PLUS SELECT LIMITED is an active private limited company. Its name indicates its operation within the water services sector.
The company was incorporated on 17 February 1998, operating under company number 03511659. It is located in the West Midlands, with its registered office situated at Prospect House Gordon Banks Drive, Trentham Lakes, Stoke-On-Trent, United Kingdom, ST4 4TW.
Private limited companies operating within the water services sector in the UK typically provide a comprehensive suite of solutions. These commonly include water supply, wastewater management, and the implementation of water efficiency programmes. Further services often extend to metering, billing, and dedicated customer support for various organisations.
