WATER PLUS LIMITED
Company number: 04141390
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
21 October 2026
Approved by:
Lewis Gross
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: 23 days
Total value paid:
- within 30 days: £510,666,209 (96%)
- in 31 to 60 days: £5,446,983 (1%)
- in 61 days or more: £13,622,018 (3%)
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 20%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £796,964
- payments due in the reporting period which have not been paid within the agreed period: 3%
- not made in the reporting period due to a dispute: 7%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 30 days from date of invoice.
Wholesale invoices are paid in accordance with the Wholesale Retail Code (WRC)
The WaterPlus dispute resolution process is included as part of the terms and conditions of our supplier contracts; each supplier potentially offered different terms which are negotiated as part of the tendering/procurement process.
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
Some wholesale invoices are issued on 90 day payment terms, this is reflected in the Credit Support Notes that are issued and on the invoice for those specific runs affected.
Any other information about payment terms
No further comment provided
Dispute resolution process
Most invoices are purchase order invoices and therefore need to be approved by the Cost Centre before they can be recommended for payment. Where a dispute has arisen the Cost Centre will forward the invoice to Accounts Payable and copy in the supplier documenting the details of the dispute and where possible outline where there is an over/under charge.
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