GLEESON DEVELOPMENTS LIMITED
Company number: 00848808
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Stefan Allanson
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: 36 days
Total value paid:
- within 30 days: £81,890,052 (58%)
- in 31 to 60 days: £46,665,960 (33%)
- in 61 days or more: £11,798,497 (8%)
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 36%
- 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: £47,350,847
- payments due in the reporting period which have not been paid within the agreed period: 19%
- not made in the reporting period due to a dispute: 22%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Our standard payment terms are 30 days end-of-month (EOM) from receipt of an invoice (30 days from the end of the month in which an invoice is received) for suppliers and 30 days from invoice date for subcontractors. Invoices are typically included in the next available weekly payment run.
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
45 days
45 days tied to the nearest weekly payment run.
Any other information about payment terms
None.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Retention clauses only apply to some subcontractor contracts. We do not have retention clauses in relation to supplier contracts and payments.
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:
For subcontractors our terms permit a 5% retention, but this is not applied to all subcontractors. There are no retention clauses in relation to supplier contracts. We do not have retentions applied to us on the same project as we are selling to the end customer.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retentions, where applicable, are released on application.
Is the money released in stages?
Yes:
If applicable, release would be 2.5% upon satisfactory completion of the works, and 2.5% on expiry of the defects liability 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
0%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
We aim to resolve all disputes promptly and will normally do so by contacting suppliers or sub-contractors directly. Any disputes over payments should be directed to our Commercial department. Any queries in respect of accounts or administrative matters should be directed to our Accounts department. Both departments can be contacted at 6 Europa Court, Sheffield Business Park, Sheffield, South Yorkshire, S9 1XE or telephone +44 (0)1142 612 900.
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