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ANGLIAN WATER SERVICES LIMITED

Company number: 02366656

Reporting period:
1 April 2018 to 30 September 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 24 October 2018

and approved by Scott Longhurst

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 32%
• in 31 to 60 days: 63%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 17 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

61 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.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

61 days

Any other information about payment terms

We operate a weekly bacs run and a fortnightly cheque run.

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 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.

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