Score of 95.4/100 qualifies for PaymentCheck Certification
CASTLE WATER (SOUTHERN) LIMITED demonstrates a strong trend of prompt payments, with an impressive average payment time of just 16 days. A significant 93% of invoices are settled well within 30 days, indicating a consistent and efficient payment trajectory.
Payment reliability is high, with only 7% of payments falling into the 31-60 day bracket, and crucially, 0% exceeding 60 days. This indicates very low volatility and high predictability regarding payment timelines, as extended delays are not observed.
Overall, CASTLE WATER (SOUTHERN) LIMITED presents a highly favorable payment profile for suppliers, characterized by speed and reliability. Suppliers should consider this company a low payment risk, with minimal need for specific risk mitigation strategies due to their consistent and timely payment performance.
| 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 2020 - 31 Mar 2021 | 26 Apr 2021 | 16 | 93% | 7% | 0% | 7% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 20 | 85% | 13% | 2% | 15% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 23 | 82% | 14% | 4% | 24% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 31 | 65% | 29% | 6% | 32% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 22 | 78% | 18% | 4% | 23% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 31 | 65% | 27% | 8% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30th of month following
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Where suppliers are paid by direct debit, the direct debit payment days are taken as the payment due days.
Maximum contractual payment period agreed
30
If there is a dispute on an invoice, the Accounts Payable team will contact the person who raised the Purchase Order and the Supplier and liaise with them to try and resolve the dispute. If Accounts Payable cannot resolve it, the invoice will be returned to the Supplier as unpaid and the matter will be referred to the Cost Centre Manager for their assistance. A meeting then will be set up between the Supplier, Cost Centre Manager and Accounts Payable. Once the dispute is settled, the invoice will be paid in the next available payment run.
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
CASTLE WATER (SOUTHERN) LIMITED is an active private limited company operating within the UK water industry. Its name indicates a focus on water-related services or provision.
The company was incorporated on 4 January 2016, holding company number 09933767. Its registered office is located at C/O Addleshaw Goddard, 1 St Peters Square, Manchester, England, M2 3DE, with its general location specified as "Other".
Private limited companies active in the UK water sector typically specialise in providing retail water and wastewater services to non-household customers. These services commonly encompass billing, customer service, water efficiency advice, and account management for businesses and other organisations.