JOHN INNES CENTRE
Company number: 00511709
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
30 October 2025
Approved by:
Sarah Bennion
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: 25 days
Total value paid:
- within 30 days: £23,574,244 (87%)
- in 31 to 60 days: £3,246,764 (12%)
- in 61 days or more: £336,654 (1%)
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 22%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £15,871,918
- payments due in the reporting period which have not been paid within the agreed period: 55%
- not made in the reporting period due to a dispute: 11%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
The buyer shall make a payment within 30 days after the month end in which it received a correctly rendered VAT invoice from the Supplier.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Retention clauses are incorporated into our construction contracts typically where the nature, complexity, or risk profile of specific projects necessitates such a provision.
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?
No
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
Retention is withheld as a percentage of the sums due to the contractor. In accordance with contract terms, 50% of the retention is released upon practical completion of the works. The remaining 50% is released at the end of the defects liability period, typically 12 months after practical completion, subject to satisfactory resolution of any identified defects.
Is the money released in stages?
Yes:
50% upon practical completion of works
50% at the end of the defects liability period.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
3%
Dispute resolution process
Invoice processing is managed by the Accounts Payable team and any supplier queries are intially reviewed within the team. In the event that the Accounts Payable team are unable to resolve the matter, the dispute will be discussed between the Supplier and the relevant colleague to ensure satisfactory resolution for both the Supplier and the Company.
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