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
Loading map...
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 | 29 | 61% | 38% | 1% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 27 | 65% | 34% | 1% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 09 Jan 2023 | 28 | 59% | 41% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 26 | 66% | 34% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | 24 | 70% | 30% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jul 2021 | 29 | 54% | 45% | 1% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 30 | 56% | 43% | 1% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 30 | 53% | 45% | 2% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 31 | 49% | 48% | 3% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 41 | 29% | 56% | 15% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 44 | 23% | 59% | 18% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 47 | 17% | 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
