ERIC WRIGHT CONSTRUCTION LIMITED
Company number: 00190204
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
27 January 2026
Approved by:
Jeremy Hartley
Payment statistics
Average time taken to pay invoices: 27 days
Total value paid:
- within 30 days: £12,204,730 (30%)
- in 31 to 60 days: £26,216,051 (65%)
- in 61 days or more: £1,852,400 (5%)
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 25%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,708,694
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
All payment terms are generally 30 days. For purchase ledger this will be 30 days from invoice date. In respect of subcontractor payments, these terms are 30 days from the due date, the due date being dictated by the payment schedule bound within the terms of the Sub-Contract. The contracts all state a latest application date which is 3 days prior to the due date. The payments are then made within no more than 30 days from the due 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
30 days
Note that regarding subcontract, this is 30 days from the due date within the contract. The application document date or date the application is received may be earlier than the due date however the payment date is fixed within the contract.
Any other information about payment terms
No further comment provided
Dispute resolution process
Purchase ledger invoices – suppliers should contact the accounts department in relation to queries. Disputes will be resolved with the assistance of personnel ordering the goods or services and invoice processing is subject to completed purchase orders and appropriate receipt or proof of delivery. Queries or disputes in relation to subcontractor payments should be addressed in the first instance to the relevant Quantity Surveyor or to the Subcontract Ledger Clerk within the accounts department. Any unresolved issues thereafter can be referred to the surveying / Commercial Director(s).
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