VIRIDOR POLYMER RECYCLING LIMITED
Company Information
- Company Number
- 05499464
- Registered Address
- Ashford House, Grenadier Road, Exeter, England, EX1 3LH
- Status
- Active
- Employee Count
- 192
- Turnover
- £50,277,000
- EBITDA
- -£21,625,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 July 2005
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Environment, Agriculture And Waste
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time for VIRIDOR POLYMER RECYCLING LIMITED is 36 days, indicating a consistent trend of settling invoices slightly beyond standard 30-day terms. While 48% of payments are made within 30 days, a significant 40% fall into the 31-60 day bracket, suggesting a recurring pattern of extended payment cycles for a substantial portion of invoices. This trajectory points towards a tendency for payments to extend past the initial 30-day period.
Volatility Analysis
A late payment rate of 26%, coupled with 12% of payments extending beyond 60 days, introduces a moderate level of unpredictability for suppliers. This data indicates that a quarter of invoices are not paid on time, with a notable portion experiencing significant delays, thus impacting cash flow reliability. Suppliers should consider this variability when assessing the company's payment predictability and potential for cash flow strain.
Summary Analysis
Overall, VIRIDOR POLYMER RECYCLING LIMITED presents a moderate payment risk, characterized by an average payment time of 36 days and a 26% late payment rate. Suppliers should factor in the likelihood of payments extending beyond 30 days and consider implementing shorter payment terms, upfront deposits for larger orders, or setting clear late payment penalties. Regular monitoring of payment performance is recommended to inform ongoing supplier relationship decisions and mitigate potential cash flow impacts.
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 Oct 2023 - 31 Mar 2024 | 21 May 2024 | 35 | 49% | 41% | 10% | 18% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company shall pay each invoice which is properly due and submitted within 60 days after the end of the month of receipt by the company of a valid undisputed invoice (the “Due Date”).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Viridor introduced a new automated invoice process in conjunction with a new group ERP system in November 2021. This was implemented to deliver improved financial governance and improve the timeliness and response to the invoice workflow and payments to suppliers. A valid invoice reflects: • registered and approved supplier • purchase order number • includes the necessary details of goods/services, date and financial detail and sent either electronically to invoices@viridor.co.uk or by post. Whilst Viridor is not a member of the prompt payment code, we do adopt the principles of the code including: 1. paying suppliers on time – with average payment days below our standard terms 2. Clear guidance to suppliers – our terms and conditions are included within our purchase orders and on our website.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Viridor Polymer Recycling Limited operates an automated invoice process. We work closely with our suppliers and aim to pay all invoices in a timely and accurate manner. Any disputes that arise are immediately brought to the attention of the dedicated Accounts Payable team and Transactional Services Manager who will engage with all relevant stakeholders to ensure a speedy and satisfactory resolution. Any dispute arising that is not resolved is escalated through the finance management structure and the Executive Management team member if required.
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.
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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
Company Summary
VIRIDOR POLYMER RECYCLING LIMITED is an active private limited company. Its operations focus on the recycling of polymers.
Incorporated on 5 July 2005 with company number 05499464, VIRIDOR POLYMER RECYCLING LIMITED is an active private limited company. Its registered office is located in the South West of England at Ashford House, Grenadier Road, Exeter, England, EX1 3LH.
Companies engaged in polymer recycling within the UK market typically provide services related to the collection, sorting, and processing of plastic waste. This involves transforming various types of post-consumer or industrial plastic materials into reusable raw forms, such as flakes or pellets, for manufacturing applications.
