EXERTIS (UK) LTD
Company number: 01511931
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
31 October 2025
Approved by:
Mr Michael Sudlow
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 45 days
Total value paid:
- within 30 days: £183,962,424 (24%)
- in 31 to 60 days: £393,440,045 (52%)
- in 61 days or more: £183,961,389 (24%)
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 46%
- in 61 days or more: 25%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £405,971,194
- payments due in the reporting period which have not been paid within the agreed period: 45%
- not made in the reporting period due to a dispute: 6%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms are 30 days end of month following
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
No further comment provided
Any other information about payment terms
The payment statistics disclosed in this report can be affected by a number of different factors. Invoices are often reported as due but not paid with agreed terms due to the receipt timings of BACS transfers, contract payments due on weekends or bank holidays are typically paid on the following business day and the company typically initiates payments on batches, on a weekly basis; where this is the case payments will normally be received by the supplier within a few days of the due date. 68% of payments deemed not paid with agreed terms were cleared within 7 days of the due date. Additionally, the nature of our supplier relationship means that there are regularly offsetting of debit and credit positions which we look to resolve prior to actioning net payments as agreed and appropriate
Dispute resolution process
Exertis accounts payable teams work directly with suppliers to resolve any issues, these can include agreeing credit notes, stock returns or other relevant deductions. Once resolved, payment is made in accordance with agreed terms
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