Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The trend for INTEGRATED WATER SERVICES LIMITED shows a consistent decrease in the average time taken to pay invoices, with a notable decrease in the most recent period (2021-04-01 to 2021-09-30). There is also a consistent increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, there is some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease in the most recent period.
The volatility for INTEGRATED WATER SERVICES LIMITED is relatively low, with only slight fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days. The most notable volatility is seen in the percentage of invoices paid between 31 and 60 days, with a decrease in the most recent period.
For the past three periods, INTEGRATED WATER SERVICES LIMITED has shown a consistent decrease in the average time taken to pay invoices, with a significant decrease in the most recent period (2021-04-01 to 2021-09-30). There has also been a steady increase in the percentage of invoices paid within 30 days, with a decrease in the percentage of invoices paid later than 60 days. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease in the most recent period.
| 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 Apr 2021 - 30 Sept 2021 | 01 Nov 2021 | 33 | 45% | 45% | 10% | 11% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 42 | 42% | 42% | 16% | 13% |
| 01 Apr 2020 - 30 Sept 2020 | 12 Nov 2020 | 47 | 42% | 40% | 18% | 55% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 39 | 32% | 56% | 12% | 61% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 49 | 12% | 67% | 20% | 59% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 52 | 13% | 59% | 28% | 61% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 51 | 13% | 59% | 28% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are usually within the range set out above, and are agreed prior to the commencement of trading
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Disputes are resolved by the relevant parties involved, including Finance, Purchasing, business and suppliers.
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
Integrated Water Services Limited, trading as IWS, is a member of the South Staffordshire Group. It provides specialist water related services across the UK on a 24/7 basis, including Legionella control, risk assessment and water treatment through its Water Hygiene division, and mechanical and electrical services such as chemical dosing, electrical services, energy management, engineering design, ground source heat pump installations, instrumentation, pump repair and project management through its Mechanical & Electrical division. The company was formed in 2004 and has grown through organic expansion and acquisitions, including Greenacre Pumping Systems in 2012 and Woodside Environmental Services in 2013, extending its regional office network across the UK.
Generated from the company's website and Companies House records. Sources: integrated-water.co.uk · integrated-water.co.uk · integrated-water.co.uk