Company number: 06864784
and approved by Julie Haynes
Average time taken to pay invoices: 31 days
Invoices paid:
Invoices due but not paid within agreed terms: 28%
60 days
Answer not provided
The company shall pay each invoice which is properly due and submitted within 60 days after the end of the month of receipt by the company of a valid undisputed invoice (the “Due Date”).
Answer not provided
N/A
90 days
The maximum contractual payment period agreed was 90 days (if an invoice was received on the first of the month). However the majority of invoices paid in the period were on end of month + 30 days (a maximum of 60 days) or net 30 (a maximum of 30 days) payment terms.
Viridor introduced a new automated invoice process in conjunction with a new group ERP system in November 2021. This was implemented to deliver improved financial governance and improve the timeliness and response to the invoice workflow and payments to suppliers. A valid invoice reflects: - registered and approved supplier - purchase order number - includes the necessary details of goods/services, date and financial detail and sent either electronically to invoices@viridor.co.uk or by post. Whilst Viridor is not a member of the prompt payment code, we do adopt the principles of the code including: 1. paying suppliers on time – with average payment days below our standard terms 2. Clear guidance to suppliers – our terms and conditions are included within our purchase orders and on our website.
Viridor EFW (RUNCORN) Limited operates an automated invoice process. We work closely with our suppliers and aim to pay all invoices in a timely and accurate manner. Any disputes that arise are immediately brought to the attention of the dedicated Accounts Payable team and Transactional Services Manager who will engage with all relevant stakeholders to ensure a speedy and satisfactory resolution. Any dispute arising that is not resolved is escalated through the finance management structure and the Executive Management team member if required.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No