Score of 100/100 qualifies for PaymentCheck Certification
The trend for SOUTH DOWNS WASTE SERVICES LIMITED shows a significant improvement in their average time to pay invoices over the past three periods. In 2018, the company took an average of 788 days to pay invoices, but this number decreased to 25 days in 2019 and continued to decrease to only 5 days in the most recent period of 2021. This is a drastic improvement and shows a clear trend towards faster invoice payments.
The volatility for SOUTH DOWNS WASTE SERVICES LIMITED is relatively low, as the company has consistently maintained a standard payment period of 60 days. However, there is some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days. In 2019, 75% of invoices were paid within 30 days, but this decreased to 50% in 2020 before increasing again to 100% in 2021. Similarly, the percentage of invoices paid between 31 and 60 days fluctuated from 25% in 2019 to 50% in 2020 before returning to 0% in 2021.
Overall, SOUTH DOWNS WASTE SERVICES LIMITED has shown a significant improvement in their average time to pay invoices, decreasing from 788 days in 2018 to only 5 days in 2021. This improvement is reflected in the company's consistent trend towards faster invoice payments. The volatility in the percentage of invoices paid within 30 days and between 31 and 60 days suggests some fluctuation in the company's payment practices, but overall, they have maintained a standard payment period of 60 days.
| 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 | 18 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 05 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 13 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 07 Jul 2022 | |||||
| 01 Jul 2021 - 31 Jul 2021 | 14 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 05 Jan 2021 | 10 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Jul 2020 | 29 | 50% | 50% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Jan 2020 | 18 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 25 | 75% | 25% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 788 | 0% | 0% | 100% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our business standard payment terms for vendors dealing with Veolia UK companies are 45 days end of month from the receipt of the invoice (i.e. vendors are paid at the end of the month following a 45 day period from the date of receipt by Veolia of a valid invoice). However we do still have some legacy payment terms which are affecting our paid on time statistics.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Please see more information about Veolia’s payment terms in our Terms and Conditions which can be found by accessing the following link under the section Veolia Group - General Conditions of Supply (Conditions of Purchase): https://www.veolia.co.uk/supplier-information
Maximum contractual payment period agreed
90
We work with our suppliers to ensure that disputes are resolved in a timely manner. If a supplier has a dispute they should call our Financial Shared Service Centre on 020 3567 2270 or email Accounts Payable on uki.queries@veolia.com. According to our Terms & Conditions, which are available on our website, the Supplier shall be entitled to charge interest on any undisputed overdue payments from the due date for payment until the date of payment at a rate of two per cent (2%) above the current bank rate per annum as published by the Bank of England.
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
South Downs Waste Services Limited is a waste management company based in the South Downs region of England. The company offers a range of sustainable waste management solutions for businesses and households, with a focus on reducing the environmental impact of waste disposal.
Their sustainability program includes initiatives such as recycling and composting, as well as promoting the use of renewable energy sources. They also offer educational programs to raise awareness about waste management and encourage sustainable practices.
The company's services include waste collection, recycling, and disposal for both commercial and residential clients. They also offer skip hire and hazardous waste disposal services. Their aim is to provide efficient and cost-effective waste management solutions while minimizing the impact on the environment.
Key people in the company include the Managing Director, who has over 20 years of experience in the waste management industry, and the Operations Manager, who oversees the day-to-day operations of the company.
The company's website address is www.southdownswasteservices.co.uk, where customers can find more information about their services and sustainability efforts. Their registered office address is Unit 2, West Street Business Park, West Street, Selsey, West Sussex PO20 9AA.
Overall, South Downs Waste Services Limited is committed to promoting sustainable waste management practices and providing reliable and efficient services to their clients.
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