ON-HIRE LIMITED
Company number: 03916876
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
5 November 2025
Approved by:
Marta Fernandez Varona
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: 26 days
Total value paid:
- within 30 days: £111,801,698 (83%)
- in 31 to 60 days: £20,516,960 (15%)
- in 61 days or more: £2,088,305 (2%)
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 32%
- 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: £8,641,262
- payments due in the reporting period which have not been paid within the agreed period: 6%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Repairs- Invoices received and accepted between the 11th to the 24th of any month are paid on the 30th of that month and invoices received and accepted between the 25th of any month to the 10th of the next month are paid on the 15th of that month.
Hire- Invoices received between 1st to end of month are paid 20th of the following month
R&S- Invoices received between 1st to end of month are paid 25th of the following month
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
Dispute resolution process
Invoices received are reviewed against our case management system by the Accounts payable team, any difference in data is referred back to the supplier for review.
We conduct regular statement reconciliations with our suppliers. We liaise directly with our suppliers to resolve any outstanding issues, payment is made on resolution of query.
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