WATER 2 BUSINESS LIMITED
Company number: 08518831
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Mark Timothy Watts
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 19 days
Total value paid:
- within 30 days: £212,375,673 (92%)
- in 31 to 60 days: £4,068,125 (2%)
- in 61 days or more: £14,968,835 (6%)
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 4%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £17,062,946
- payments due in the reporting period which have not been paid within the agreed period: 5%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms for qualifying contracts are 30 days, 45 days and 90 days based on agreed contractual payment period. Payments are made via BACs or Faster Payment when they fall due.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
Maximum contractual payment period is 90 days contractually agreed with a Supplier.
Any other information about payment terms
No further comment provided
Dispute resolution process
Any dispute arising out of or in respect of the invoice may be referred in writing by either party to the counterparty . Failing resolution of the dispute by the counterparty within 1 (one) calendar month of the reference to them the dispute may immediately be referred in writing by either Party for determination to the Company’s Finance Manager and Supplier sales manager who shall seek to reach agreement of the dispute.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No