MARIS INTERIORS LLP
Company number: OC306350
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
24 October 2025
Approved by:
Julian Smith
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 62 days
Total value paid:
- within 30 days: £13,352,591 (51%)
- in 31 to 60 days: £9,130,601 (35%)
- in 61 days or more: £3,476,413 (13%)
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 34%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £17,423,000
- payments due in the reporting period which have not been paid within the agreed period: 65%
- not made in the reporting period due to a dispute: 13%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
42 days
Standard payment terms
The final date for payment shall, subject to receipt of a valid VAT invoice, be 42 calendar days after the due date or 42 days after the service of the default notice.
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
90 days
For specific clients
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
All construction contracts include retention clauses.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
Yes: 5%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
12 months after the release of the first moiety of retention and subject to confirmation by Maris that the Sub-contractor
has made good all defects in the Sub-Contract Works and in any other work affected by the Sub-Contract Works, or
confirmation under the Principal Contract that all defects in all the works have been made good, the remaining half of the
retention shall become due to the Sub-contractor.
Is the money released in stages?
Yes:
Following a notice from the Sub-contractor requesting confirmation by Maris that the Sub-Contract
Works are complete, and when all as-built drawings, operation and maintenance manuals, the health and safety file and
all other required documentation has been handed over by the Sub-contractor and in the opinion of Maris all Sub-Contract Works is complete, or Maris receives a Practical Completion Certificate under the Principal Contract, one half of
the retention shall become due to the Sub-contractor.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
16%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Any disputes are passed to the relevant department for review. On resolution the same department will approve the disputed item.
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