NEILCOTT CONSTRUCTION LIMITED
Company number: 01151561
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
4 February 2026
Approved by:
Paul Anthony Reeves
Payment statistics
Average time taken to pay invoices: 30 days
Total value paid:
- within 30 days: £60,540,918 (99%)
- in 31 to 60 days: £330,223 (< 1%)
- in 61 days or more: £281,301 (< 1%)
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
Payment terms are agreed on a supplier by supplier basis depending on the nature of the contract, supply or service. For suppliers, these are typically 30 days from date of invoice and for sub-contractors, these are typically 28 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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We are committed to the fair treatment of our supply chain and we actively seek to avoid disputes by maintaining good dialogue. If a disagreement or dispute arises, our accounts payable team will first seek to resolve it but, if necessary, escalation is through our management teams. We view third party resolution services such as mediation, adjudication or litigation as an absolute last resort.
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