Industry ranking
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 private limited company registered in England, incorporated in January 2002 and currently active. According to its registered details, its business covers the collection of non-hazardous waste and the treatment and disposal of non-hazardous waste. No further public description of its operations, service area or customer base is available from the evidence supplied. Company filings show routine confirmation statements and full accounts filed up to the most recent financial year, along with several changes to its directors and company secretary over recent years.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk