ANGLIAN WATER BUSINESS (NATIONAL) LIMITED
Company number: 03017251
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 29 October 2020
and approved by Ken Main
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 36%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 31 %
Payment terms
Shortest standard payment period
15 days
Longest standard payment period
45 days
Standard payment terms
Water retailers per the market code = 15 days. Other suppliers 30 days as standard.
Were there any changes to the standard payment terms in the reporting period?
Yes – Ofwat relief for Water Retailers with regards to wholesale charges meant an element of wholesale charges could be deferred for the period March - October 2020, with full repayment expected by March 2021. By 30.09.20 the company had fully paid it's wholesale charges but this has impacted the numbers reported here. Were it not for the deferral of charges we would report the following: 0-30: 69%, 31-60:27%, > 61: 4%
Were suppliers notified or consulted about these changes before they were made?
Yes – Ofwat payment relief - CPW096
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
Invoices are only released for payment when they are approved in the P2P system. The invoice approver would resolve any queries before or approving the invoice, or the invoice would be rejected
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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