R.J. MCLEOD (CONTRACTORS) LIMITED
Company number: SC028565
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
27 November 2025
Approved by:
P E Kane
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: 29 days
Total value paid:
- within 30 days: £77,901,371 (80%)
- in 31 to 60 days: £17,914,086 (18%)
- in 61 days or more: £1,441,281 (1%)
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 39%
- 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: £19,630,296
- payments due in the reporting period which have not been paid within the agreed period: 34%
- not made in the reporting period due to a dispute: 3%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
We aim to pay in accordance with suppliers' terms for goods and services. The standard length of time for payment of invoices is 30 days from end of month of invoice date.
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
75 days
Only applies where suppliers' terms are 60 days from end of month of invoice date.
Any other information about payment terms
The standard contractual length of time for payment in construction contracts is 35 days from submission of valuation, but this is reduced to 7 and 14 days for smaller labour only subcontractors.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Only subcontractors are subject to 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: 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 with supply chain are generally back to back with the main contract.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Once the final account of the supplier has been agreed, 50% of retention is released with this payment. The remainder of the the retention is released at the end of the maintenance period with all outstanding issues having been resolved.
Is the money released in stages?
Yes:
50% at practical completion and 50% at end of defects maintenance 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
20%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
We aim to resolve disputes at a local level.
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.
Yes
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