EUROVIA INFRASTRUCTURE LIMITED
Company Information
- Company Number
- 07388667
- Registered Address
- Albion House, Springfield Road, Horsham, West Sussex, RH12 2RW
- Status
- Active
- Employee Count
- 461
- Turnover
- £266,364,000
- EBITDA
- £14,780,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 September 2010
- Nature of Business
- 23990 - Manufacture of other non-metallic mineral products not elsewhere classified38320 - Recovery of sorted materials42110 - Construction of roads and motorways
- Industries
- Environment,Agriculture And Waste,Property,Infrastructure And Construction,Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for EUROVIA INFRASTRUCTURE LIMITED's average time to pay invoices has been decreasing over the past three periods, going from 58 days in the first half of 2018 to 42 days in the second half of 2023. This shows an improvement in the company's payment efficiency.
Volatility Analysis
The volatility of EUROVIA INFRASTRUCTURE LIMITED's payment patterns has been relatively stable over the past three periods. The percentage of invoices paid within 30 days has fluctuated between 23% and 36%, while the percentage of invoices paid later than 60 days has ranged from 14% to 20%. This suggests that the company has been able to maintain consistent payment practices.
Summary Analysis
In the first half of 2018, EUROVIA INFRASTRUCTURE LIMITED had an average time to pay of 58 days, with 23% of invoices being paid within 30 days and 36% being paid later than 60 days. The company's payment efficiency improved in the second half of 2018, with an average time to pay of 54 days and a higher percentage of invoices (24%) being paid within 30 days. However, the percentage of invoices paid later than 60 days also increased to 30%.
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 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 40 | 35% | 50% | 15% | 9% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 42 | 33% | 53% | 14% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 46 | 32% | 53% | 15% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 39 | 40% | 45% | 15% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 40 | 43% | 42% | 15% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 44 | 36% | 47% | 17% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 48 | 32% | 47% | 21% | 21% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 46 | 31% | 49% | 20% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 49 | 34% | 43% | 23% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 47 | 34% | 49% | 17% | 23% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 48 | 32% | 50% | 18% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 54 | 24% | 46% | 30% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 58 | 23% | 41% | 36% | 30% |
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
Earlier payment terms are available and can be agreed in certain circumstances or where there is a contractual requirement and a Client payment profile that enables reduced days to avoid unnecessary financing costs. In some situations agreements have been made with our supply chain partners, in particular with national suppliers, to pay their invoices after a period greater than 60 days, as they do with our payments. Of those payment terms where the terms of payment have been agreed at < 60 days then 95% of payments are made within the 60 day payment period. We are working on alternative solutions and processes to further improve this %, subject to agreeing changed contract conditions that then enable enhanced payment terms with our principle Public clients.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The Company has a 3 tier resolution process to resolve any disputes and invoice queries with its supply chain on a timely basis. The first tier involves Divisional and Operational staff who should be contacted in the first instance. The 2nd tier would involve the respective category manager and finally if disputes/queries still can't be resolved it can be escalated to the Eurovia UK Supply Chain Executive. To help resolve disputes and queries the Company may request further information. This is the principal area of delayed payment over agreed terms. As part of our drive towards increasing the level of e-invoicing we encourage our supply chain to transmit their invoices via our dedicated electronic EDI / Web portal. Vendors submitting invoices via these methods can track receipt of their invoice and view other status information which will further improve communication between all parties in the event of a dispute. We now have >89% of invoices using this faster process and we see that the vendors using this are seeing improved payment cycles with any discrepancies being resolved much quicker.
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
Company Summary
EUROVIA INFRASTRUCTURE LIMITED is a leading construction and engineering company based in the United Kingdom. The company specializes in the design, construction, and maintenance of infrastructure projects such as roads, highways, bridges, and airports. They are committed to providing high-quality, sustainable solutions for the transportation sector.
One of the key activities of EUROVIA INFRASTRUCTURE LIMITED is their sustainability program. The company has a strong focus on environmental responsibility and strives to minimize their impact on the environment through the use of sustainable materials and practices. They also prioritize the safety and well-being of their employees, as well as the communities in which they operate.
EUROVIA INFRASTRUCTURE LIMITED offers a wide range of products and services to meet the diverse needs of their clients. These include road construction and maintenance, asphalt production, civil engineering, and project management. They also have a strong portfolio of innovative solutions, such as the use of recycled materials in their construction projects.
The company is led by a team of experienced professionals, including the CEO, Mr. Alain Minc. Their website, www.eurovia.co.uk, provides detailed information about the company's services, projects, and sustainability initiatives. The registered office address is 16 The Quadrant, Richmond, Surrey, TW9 1BP, United Kingdom.
In conclusion, EUROVIA INFRASTRUCTURE LIMITED is a reputable company in the construction and engineering industry, known for its commitment to sustainability and providing high-quality solutions. With a strong leadership team and a diverse range of products and services, the company continues to make a positive impact in the transportation sector in the UK.
