PORTSMOUTH WATER LIMITED
Company number: 02536455
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
17 February 2026
Approved by:
Chris Milner
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: 22 days
Total value paid:
- within 30 days: £67,653,460 (78%)
- in 31 to 60 days: £13,487,616 (15%)
- in 61 days or more: £5,984,803 (7%)
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 16%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £76,213,433
- payments due in the reporting period which have not been paid within the agreed period: 84%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Normally 30 days from receipt of invoice (>80% of suppliers have these payment terms)
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
60 days
only applies on 1 account (<1% of total), and this is only applied with the agreement of the supplier
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes with suppliers over payment terms are relatively rare. Almost all delays in payment of invoices (when these occur) relate to obtaining appropriate approvals and sign-offs. Where disputes do arise, these are resolved with discussions between finance, the relevant department purchasing the product or services, and the supplier themselves.
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.
Yes
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