BARRATT REDROW PLC
Company number: 00604574
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
3 February 2026
Approved by:
John Clarkin
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: 30 days
Total value paid:
- within 30 days: £62,670,057 (62%)
- in 31 to 60 days: £30,096,391 (30%)
- in 61 days or more: £8,390,010 (8%)
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 24%
- in 61 days or more: 11%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £38,486,401
- payments due in the reporting period which have not been paid within the agreed period: 40%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
In respect of any contracts for goods and/or services where Barratt Redrow PLC is the contracting entity it will pay for such goods/services on the last working day of the month following the month in which the goods and services are delivered provided always that it has been correctly invoiced by the Supplier and has received the invoice by the last working day of the month in which the goods/services were delivered.
If PLC has not been correctly invoiced by this date, payment shall be made on the last working day of the month following the month in which it has been correctly invoiced by the supplier.
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
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
All construction contracts include retention clauses, and retention clauses are included in standard payment terms.
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?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The first half of the Retention shall be released and may be included in an Interim Application on the later of:
Practical Completion of the last dwelling within the Contract Works or, if earlier and where the Contract Works are suspended before Practical Completion of the last dwelling, the date 3 months from the date of suspension of the Contract Works or
the date of completion of all outstanding items of work listed in accordance with clause 15.2.
The second half of the Retention shall be released and may be included in an Interim Application on the later of:
2 years from the date of release of the first half of the Retention as determined under clause 14.18; or
completion of all outstanding defects which have arisen during the Defects Liability Period.
Is the money released in stages?
Yes:
50% Released when works are completed
Remaining 50% released 2 years after completion of 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
100%
Amount retained stated as a percentage of the total construction payments made by this business
7%
Dispute resolution process
Adjudicator
"The Adjudicator" in the Contract means such person the Company and the Contractor choose by mutual agreement or such other person as may be appointed from time to time by the President or the Vice President of the Royal Institution of Chartered Surveyors.
Adjudication
Any dispute or difference arising under or in connection with the Contract may be referred to adjudication in accordance with the Scheme for Construction Contracts SI 1998 No 649 ("Scheme") except that:
the Responding Party to any adjudication shall have a minimum of 14 days from receipt of the Referral Notice to respond to the Referral Notice;
the parties agree that the Adjudicator shall have jurisdiction to consider and determine any matter raised by the Company in its response to a Referral Notice served by the Contractor, including but not limited to, any counterclaims, set offs or abatements which the Company might raise in its response, notwithstanding the fact that the Company may have failed to serve a notice of intention to pay less pursuant to section 111 of the Housing Grants, Construction and Regeneration Act 1996 ("Act") and/or a Pay Less Notice pursuant to clause 14.13 of this Agreement;
the Adjudicator shall be required to give detailed reasons in support of its decision, including stating expressly what evidence he has relied upon and what evidence he has discounted and why, in making its decision. The Adjudicator shall apply the usual rules of evidence for civil proceedings;
provided always that if any provision of this clause 24.2 is or becomes to any extent invalid or unenforceable under any applicable law (including a failure to comply with the requirements of the Act), then such provision shall be severed and the remainder of the provisions of clause 24.2 shall continue in full force and effect.
Decision
The Adjudicator's decision is binding until the dispute or difference is finally determined by legal proceedings as provided in clause 24.4.
Litigation
Any dispute arising out of, under or in connection with the Contract either during the progress of or after the completion or abandonment of the Contract Works or after termination shall be determined by legal proceedings. The parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (whether contractual or non contractual) that arises out of or in connection with the Contract.
Applicable Law
This Contract and any non-contractual obligations arising out of it shall be governed by and construed in accordance with the laws of England and Wales.
Limitation
No action or proceedings may be commenced against the Contractor for any breach of this Contract after the expiry of the Limitation Period. For the avoidance of doubt, the Contractor shall not raise a defence pursuant to the Limitation Act 1980 in respect of any action or proceedings commenced under this Contract within the Limitation Period.
Amendment, Severability, non-Waiver and Entire Agreement
Amendment
No amendment to the Contract shall be binding unless authorised in writing by the Company.
Severability
If one or more of the provisions of the Contract are or become to any extent invalid or unenforceable under any applicable law, then the remainder of the Contract shall continue in full force and effect.
Non Waiver
The allowance of time or any other indulgence or non-enforcement by the Company in respect of its rights or any matter will not affect or prejudice or be taken as a waiver of the rights of the Company.
Entire Agreement
The Contract constitutes the whole agreement between the parties and supersedes all previous agreements between the parties relating to its subject matter.
Each party acknowledges that, in entering into the Contract, it has not relied on, and shall have no right or remedy in respect of, any statement, representation, assurance or warranty (whether made negligently or innocently) other than as expressly set out in the Contract.
Nothing in this clause shall limit or exclude any liability for fraud.
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: Prompt Payment Code
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