Published reports

CHURCHILL LIVING LTD

Company number: 06260373

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 July 2025 to 31 December 2025

Report filed on:

30 January 2026

Approved by:

Dean Ma

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: 37 days

Total value paid:

within 30 days: £20,592,442 (67%)
in 31 to 60 days: £9,071,575 (29%)
in 61 days or more: £1,111,544 (4%)

Invoices paid:

within 30 days: 46%
in 31 to 60 days: 48%
in 61 days or more: 6%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £9,235,409
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: 5%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

61 days

Standard payment terms

Extracts of our standard terms and conditions are shown below: Subcontractors - The final date for payment of each payment application shall be 30 days from the application date where payments are made monthly. Suppliers - Payment shall be made 30 days following the end of the month in which the Product(s) were delivered.

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

61 days

Where a contract does not fit into the contracts specified in the standard contracts box above, then we abide by the payment terms as set on the suppliers invoice. When these terms are not specified then they work on a net monthly basis.

Any other information about payment terms

Payment runs are once per month at the end of each month and therefore invoices will be paid on the first available payment run following approval of the payment. This may result in the payment of invoices being overdue by a few days, hence the percentage and value overdue.

Retention clauses

How does this business use retention clauses?

Retention clauses are used in specific circumstances:

Retentions are applied to subcontractors where there is considered to be a higher risk or remediation being required post completion.

Does this business only use retention clauses in construction contracts above a specific contract sum?

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?

Releasing money under a retention clause

Process for releasing money this business has deducted or retained under a retention clause

Retention Percentage 5% of the Contract Price prior to the First Retention Release Date. 2.5% of the Contract Price following the First Retention Release Date but prior to the Second Retention Release Date;

First Retention Release Date Means whichever of the following occurs last:

(a) practical completion of the Works; or
(b) [insert specific date];

Second Retention Release Date means the later of:

(a) The clearance of all defects identified in a Notice of Making Good issued by CL; or
(b) [insert specific date];

Is the money released in stages?

Yes:

Refer to the response for describing the process for releasing money you have deducted or retained under a retention clause.

Amount retained from suppliers in the reporting period

Amount retained stated as a percentage of the money retained from this business by its clients

Amount retained stated as a percentage of the total construction payments made by this business

Dispute resolution process

In the event of a dispute over payment then this would be dealt within in line with our payment approval and authorisation policy. It would initially be dealt with by the responsible department then passed to our Group Procurement Manager and then our Internal General Counsel to find a resolution.

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.

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.

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?

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