HOUSING MAINTENANCE SOLUTIONS LIMITED
Company number: 07237932
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
3 November 2025
Approved by:
John Barrow
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: £40,376,337 (93%)
- in 31 to 60 days: £2,631,981 (6%)
- in 61 days or more: £638,783 (1%)
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 12%
- 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: £6,085,303
- payments due in the reporting period which have not been paid within the agreed period: 12%
- not made in the reporting period due to a dispute: 76%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
30 Days Subcontractors are paid 35 days after the payment valuation is received. Some have agreed terms to pay sooner than that.
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?
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: 3%
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
1.5% is released on main contract completion and remaining 1.5% is released 12 months later in line with the Defects period
Is the money released in stages?
Yes:
1.5% is released on main contract completion and remaining 1.5% is released 12 months later in line with the Defects 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
37%
Amount retained stated as a percentage of the total construction payments made by this business
7%
Dispute resolution process
Any disputes are first dealt with by our quantity surveyor (for subcontractor payments) or accounts payables department (for supplier payments). In most cases such issues resolved promptly, and the payment is made within the agreed contractual terms or as soon as possible if these have passed.
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