BERKELEY HOMES PUBLIC LIMITED COMPANY
Company number: 04088248
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
28 November 2025
Approved by:
Neil Eady
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: 28 days
Total value paid:
- within 30 days: £486,400,000 (88%)
- in 31 to 60 days: £40,200,000 (7%)
- in 61 days or more: £25,200,000 (5%)
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 17%
- in 61 days or more: 8%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £69,200,000
- payments due in the reporting period which have not been paid within the agreed period: 25%
- not made in the reporting period due to a dispute: 3%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
42 days
Standard payment terms
Berkeley’s standard purchase order payment terms for suppliers requires payment to be made within 30 days from the receipt of a valid invoice. Berkeley’s standard construction contract payment terms for subcontractors is 42 days following the subcontractor’s valid application for payment.
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
42 days
Berkeley’s maximum contractual payment period is 42 days. This only applies to relevant subcontractor payments under construction contracts.
Any other information about payment terms
There have been no changes to Berkeley’s standard payment terms within the period
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
The company’s payment practices and policies in relation to qualifying construction contracts, which fall under the scope of the Construction Act (Part II of the Housing Grants, Construction and Regeneration Act 1996 as amended by Part 8 of the Local Democracy, Economic Development and Construction Act 2009), include the use of 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?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
Yes, as a property developer, this is not applicable to the company.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Typically, half of the retention is released to the contractor following a valid application after practical completion of the works. The balance of the retention is released following a valid application from the contractor two years after practical completion of the works.
Is the money released in stages?
Yes:
Typically, half of the retention is released to the contractor following a valid application after practical completion of the works. The balance of the retention is released following a valid application from the contractor two years after practical completion of the works.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
4%
Dispute resolution process
Any dispute or difference between the parties are subject to the laws of England and Wales and the jurisdiction of the English courts. Payment under construction contracts is subject to statutory adjudication pursuant to the Housing Grant, Construction and Regeneration Act 1996. Only a very small proportion of our payments become the subject to the adjudication and/or court proceedings.
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