WATER PLUS LIMITED
Company number: 04141390
Reporting period:
1 April 2022 to 30 September 2022
Report filed on:
28 October 2022
Approved by:
Lewis Gross
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 7%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 7%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 30 days from receipt of invoice. Wholesale invoices are paid in accordance with the Wholesale Retail Code (WRC).
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
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
N/A
Dispute resolution process
The Water Plus dispute resolution process is included as part of the terms and conditions of our supplier contracts. If a dispute arises, the supplier shall give written notice to Water Plus along with any supporting documentation, at which point both parties shall attempt to resolve the dispute in good faith. Disputes that cannot be resolved directly between the supplier and Water Plus are settled in accordance with the CEDR Model Mediation Procedure.
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, 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