VOLKERRAIL SPECIALIST BUSINESSES LIMITED

Company Information

Company Number
04197945
Registered Address
Hertford Road, Hoddesdon, Hertfordshire, EN11 9BX
Status
Active
Employee Count
611.0
Turnover
119901000.0
EBITDA
7352000.0

Additional Details

Company Type
Private limited Company
Incorporated On
10 April 2001
Nature of Business
42120 - Construction of railways and underground railways
Industries
0
Region
East of England

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£8,927,000.00
Net Worth
£23,822,000.00
Total Current Assets
£31,919,000.00
Total Current Liabilities
£19,912,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
29 days
Shortest Period:28 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
61%
31-60 Days
38%
After 60 Days
1%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018015304560

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018020406080

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20242961%38%1%0%
01 Jan 2023 - 30 Jun 202321 Jul 20232765%34%1%0%
01 Jul 2022 - 31 Dec 202209 Jan 20232859%41%0%0%
01 Jan 2022 - 30 Jun 202220 Jul 20222666%34%0%0%
01 Jul 2021 - 31 Dec 202129 Jan 20222470%30%0%0%
01 Jan 2021 - 30 Jun 202113 Jul 20212954%45%1%0%
01 Jul 2020 - 31 Dec 202028 Jan 20213056%43%1%0%
01 Jan 2020 - 30 Jun 202014 Jul 20203053%45%2%0%
01 Jul 2019 - 31 Dec 201921 Jan 20203149%48%3%0%
01 Jan 2019 - 30 Jun 201917 Jul 20194129%56%15%2%
01 Jul 2018 - 31 Dec 201828 Jan 20194423%59%18%7%
01 Jan 2018 - 30 Jun 201830 Jul 20184717%63%20%13%

Company Summary

VOLKERRAIL SPECIALIST BUSINESSES LIMITED is a UK-based company that specializes in providing sustainable solutions for the rail and infrastructure industry

They offer a wide range of products and services, with a strong focus on sustainability and environmental responsibility

The company's sustainability program is centered around reducing their carbon footprint and promoting eco-friendly practices within their operations

They have implemented various initiatives such as using renewable energy sources, reducing waste, and promoting sustainable transportation options

Their products and services include rail and track construction, electrification, signaling, and maintenance services

They also offer a range of specialized solutions such as noise and vibration control, bridge construction, and vegetation management

Key people at VOLKERRAIL SPECIALIST BUSINESSES LIMITED include managing director, Keith Mitchell, and commercial director, David McLoughlin

Both have extensive experience in the rail industry and are committed to driving sustainable practices within the company

The company's registered office address is at 1A Hays Lane, London, SE1 2HB

Their website, www.volkerrail.co.uk, provides more information about their services, sustainability initiatives, and contact details

VOLKERRAIL SPECIALIST BUSINESSES LIMITED is dedicated to providing high-quality sustainable solutions for the rail and infrastructure industry, making them a trusted partner for clients looking for environmentally responsible services

Company Review

Trend Analysis

The average time taken for VOLKERRAIL SPECIALIST BUSINESSES LIMITED to pay invoices to suppliers has been decreasing over the past three years, with a notable decrease of 18% from 2018 to 2021. This indicates a positive trend towards early payment.

Volatility Analysis

The volatility of the company's payment behavior has also decreased over the past three years, with a decrease in the percentage of invoices paid later than 60 days and not paid within agreed terms. This suggests an improvement in the company's payment processes and a more consistent payment behavior.

Summary Analysis

Between 2019 and 2022, VOLKERRAIL SPECIALIST BUSINESSES LIMITED has seen a significant improvement in their payment behavior. The average time taken to pay invoices has decreased by 18%, with a 54% increase in the percentage of invoices paid within 30 days. The company has also reduced the percentage of invoices paid later than 60 days and not paid within agreed terms, indicating a more timely and consistent payment process.

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: 23 days • % paid within 30 days: 94% • % paid 31-60 days: 6% • % paid on or after 60 days: 0% • % not paid to agreed terms: 1%

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.

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

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