COSTAIN LIMITED
Company number: 00610201
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Helen Willis
Payment statistics
Average time taken to pay invoices: 20 days
Total value paid:
- within 30 days: £150,232,279 (61%)
- in 31 to 60 days: £76,339,071 (31%)
- in 61 days or more: £21,078,211 (9%)
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 12%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £100,597,019
- payments due in the reporting period which have not been paid within the agreed period: 15%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
21 days
Longest standard payment period
45 days
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of the contact arrangements and invoices must show the order number. Terms vary from 21 days where payment is made as close to the payment date as possible whilst still being within terms to 45 days days from the date of invoice. The most frequently used terms for suppliers in the reporting period is 30 days from the day of invoice with payment for these suppliers generally made after receipt of a statement from the supplier and a reconciliation of the account.
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
We agreed 60 day terms with 10 suppliers from a total of 1332 we paid in the reporting period, the payments to the 10 suppliers were made on average within 29 days.
Any other information about payment terms
No further comment provided
Dispute resolution process
Costain Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s) and typically involving members of the relevant project’s supply chain, procurement or commercial teams and the relevant accounts or accounts payable team. For major suppliers and subcontractors, Central procurement will likely be involved and, where necessary, members of management. Where it is not possible to reach agreement, usually on entitlement in relation to subcontracts, a number of potential dispute resolution methods may be used, most commonly, mediation or adjudication. If it remains impossible to reach agreement, the items may be referred for litigation.
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.
Yes, this business has signed up to: PPC / FPC
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