HAFREN DYFRDWY CYFYNGEDIG exhibits an average payment time of 47 days, indicating a generally slower payment trend. While 61% of invoices are paid within 30 days, a substantial 39% are consistently paid between 31 and over 60 days, suggesting a prolonged payment cycle for many transactions.
With 14% of payments being genuinely late, HAFREN DYFRDWY CYFYNGEDIG presents a measurable degree of payment unpredictability and default risk. The fact that 10% of payments extend beyond 60 days further highlights potential cash flow disruptions for suppliers. This indicates that while many payments are timely, a significant portion introduces volatility.
HAFREN DYFRDWY CYFYNGEDIG represents a moderate payment risk due to its 47-day average payment time and 14% late payment rate. Suppliers should establish strict payment terms, consider demanding upfront payments or shorter terms for new engagements, and closely monitor invoices to mitigate potential cash flow delays. This approach helps manage the risk associated with their slower payment patterns.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Hafren Dyfrdwy Cyfyngedig’s standard payment term for new contracts is 60 days (or 30 days for businesses with less than 50 employees); this applies across all contracts raised and would be agreed with suppliers prior to the commencement of the trading activity. On occasion, authorisation may be granted to reduce the payment terms below 60 days if there is commercial requirement/benefit in doing so. Such a change requires approval from the Commercial team. We would not attempt to impose payment terms longer than 60 days on any of our suppliers, nor do we use early settlement discounts as part of contractual arrangements.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
If communication between the purchaser and supplier fails to resolve the dispute, the Commercial or Finance team will engage with the supplier and the business user to bring about a resolution.
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
HAFREN DYFRDWY CYFYNGEDIG is an active private limited company whose name, translating to Severn Dee, indicates an association with water resources, particularly in relation to the River Dee and River Severn.
Incorporated on 13 March 1998, the company operates under company number 03527628. Its registered office is located at Packsaddle Wrexham Road, Rhostyllen, Wrexham, Clwyd, LL14 4EH, within Wales.
Companies structured as private limited companies with a focus on water resources typically specialise in the provision of water supply, wastewater collection, and treatment services. They are key organisations responsible for maintaining and developing the necessary infrastructure to deliver these essential utilities.