YTL DEVELOPMENTS (UK) LIMITED
Company number: 10495341
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
10 October 2025
Approved by:
Ben Jones
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 16%
- in 61 days or more: 10%
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
30 days
Longest standard payment period
45 days
Standard payment terms
Conditions of Contract for the Supply of Goods and Services - Payment will be made by BACS on the 5th day from the end of the Company’s accounting month following the accounting month of delivery or receipt of invoice/payment application, whichever is the later.
Conditions of Subcontractor Contract for the Supply of Goods and Services - Payment will be made by BACS at the end of the Company’s accounting month following the accounting month of delivery or receipt of invoice/payment application, whichever is the later.
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any dispute arising out of or in respect of the invoice/payment application may be referred in writing by either Party to the finance team, comprising the Company Representative and the Supplier Representative. Failing resolution of the dispute by the finance team within a period of 10 (ten) Business Days of the reference to them, the dispute may immediately be referred in writing by either Party for determination to the Company’s procurement team and Quantity Surveyor who shall seek to reach agreement of the dispute within 1 (one) calendar month.
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.
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