VIRIDOR RESOURCE MANAGEMENT LIMITED
Company Information
- Company Number
- 03649069
- Registered Address
- First Floor Offices, Riverside House Sir Thomas Longley Road, Medway City Estate, Rochester, Kent, United Kingdom, ME2 4FN
- Status
- Active
- Employee Count
- 0
- Turnover
- £64,737,000
- EBITDA
- -£171,000
Additional Details
- Website
- https://viridor.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 13 October 1998
- Nature of Business
- 38320 - Recovery of sorted materials
- Industries
- Environment,Agriculture And Waste
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2023 - 31 Mar 2024 | 21 May 2024 | 44 | 21% | 68% | 11% | 31% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 40 | 32% | 59% | 10% | 38% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 27 | 74% | 21% | 6% | 63% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 28 | 68% | 22% | 10% | 52% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 27 | 66% | 32% | 2% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 30 | 61% | 36% | 3% | 28% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 28 | 77% | 18% | 5% | 17% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 16 | 92% | 6% | 2% | 14% |
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
The company shall pay each invoice which is properly due and submitted within 60 days after the end of the month of receipt by the company of a valid undisputed invoice (the “Due Date”).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Viridor introduced a new automated invoice process in conjunction with a new group ERP system in November 2021. 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 below our standard terms 2. Clear guidance to suppliers – our terms and conditions are included within our purchase orders and on our website.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Viridor Resource Management Limited 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
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
VIRIDOR RESOURCE MANAGEMENT LIMITED is a UK-based sustainable resource management company that provides a range of waste management solutions for businesses, local authorities, and communities. The company is committed to promoting sustainability through its operations and has a strong focus on reducing waste and promoting recycling.
The company offers a variety of services such as waste collection, recycling, and the development of sustainable energy solutions. They have a network of recycling facilities and landfill sites across the UK, making them a leading player in the industry. The company also works closely with businesses and local authorities to develop tailored waste management solutions that are efficient and eco-friendly.
VIRIDOR RESOURCE MANAGEMENT LIMITED is dedicated to promoting sustainability in all aspects of its operations. They have implemented various initiatives, such as investing in advanced waste treatment technologies, to reduce their carbon footprint and promote a circular economy. The company also has a strong commitment to reducing plastic waste and has introduced innovative solutions to recycle and reuse plastic materials.
The key people at VIRIDOR RESOURCE MANAGEMENT LIMITED include CEO Phil Piddington, who has over 30 years of experience in the waste management industry. The company also has a team of experts in waste management, sustainability, and environmental management, who work together to drive the company's vision of a sustainable future.
For more information on their services and sustainability programs, you can visit their website at www.viridor.co.uk. Their registered office address is at Peninsula House, Rydon Lane, Exeter, EX2 7HR. With its commitment to sustainability and innovative solutions, VIRIDOR RESOURCE MANAGEMENT LIMITED is a leader in the waste management industry and is dedicated to creating a more sustainable future.
