DODD GROUP (MIDLANDS) LIMITED
Company number: 01179878
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
31 October 2025
Approved by:
Mark Dodd
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: 44 days
Total value paid:
- within 30 days: £42,714,585 (65%)
- in 31 to 60 days: £21,926,596 (34%)
- in 61 days or more: £698,528 (1%)
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 65%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,255,433
- payments due in the reporting period which have not been paid within the agreed period: 5%
- not made in the reporting period due to a dispute: 4%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard Terms are 30, 45 or 60 days
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
60 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 included in standard payment terms.
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?
Yes:
Retention clauses for sub-contractors are no more onerous than the retention clauses applied to Dodd Group
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The sub-contractor will apply for the retention. Provided the circumstances to allow release are in place the retention will be released
Is the money released in stages?
Yes:
First half released on practical completion of the project. The second half is released 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
73%
Amount retained stated as a percentage of the total construction payments made by this business
3%
Dispute resolution process
Invoices for material can be put into query for a range of reasons. Reports are sent to suppliers detailing queries with the invoices. Queries with Sub-Contract invoices are dealt with by Commercial Managers, disputes not resolved by Commercial Managers or the finance team are escalated internally for resolution.
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