ANGLIAN WATER SERVICES LIMITED
Company number: 02366656
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
10 August 2022
Approved by:
S Buck
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 62%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
"Unless otherwise agreed, standard payment terms are net monthly, which means payment is made at the end of the calendar month following the calendar month in which the correctly raised invoice is received. This equates to 45 days on average.
We operate a weekly bacs run and a fortnightly cheque run."
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
"Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address:payments@anglianwater.co.uk
For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.
Invoices that are subject to dispute will not be paid until resolution of the dispute is agreed."
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.
Yes
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