BELLWAY HOMES LIMITED
Company number: 00670176
Reporting period:
1 August 2025 to 31 January 2026
Report filed on:
6 March 2026
Approved by:
Shane Doherty
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: 33 days
Total value paid:
- within 30 days: £830,103,540 (77%)
- in 31 to 60 days: £219,631,080 (20%)
- in 61 days or more: £27,541,104 (3%)
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 41%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £243,403,355
- payments due in the reporting period which have not been paid within the agreed period: 18%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Subcontractors – subcontractors are required to make applications for payment within the applicable applications window. Subcontractors may make bi-monthly or monthly applications for payment as set out in the order. Where no frequency of applications is set out in the order, the subcontractor may only make monthly applications for payment. When the application for payment is received within the application window, payment will be made within 30 days of the date of receipt of the application.
Suppliers/consultants – Payment of each invoice is either:
- at the end of the calendar month after the month during which the relevant and properly prepared and submitted invoice is received by Bellway; or
- 30 days from receipt by Bellway of a valid and properly submitted VAT invoice.
The payment term for suppliers and subcontractors with less than 50 employees is 30 days.
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
N/A
Any other information about payment terms
N/A
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
Process for releasing money this business has deducted or retained under a retention clause:
Prior to completion and the provision by the subcontractor of all information and documents reasonably required by Bellway, Bellway may withhold the retention from each amount otherwise due to the sub-contractor. The subcontractor shall be entitled to apply for the release of half of the retention once the subcontract works have achieved completion and the subcontractor has provided Bellway with all the documents and information required.
After completion, but prior to all defects notified during the rectification period having been rectified, Bellway may withhold the remaining half of the retention from each amount otherwise due to the subcontractor. The subcontractor shall be entitled to apply for the release of the balance of the retention not yet released (subject to Bellway's right of set-off, deduction or withholding) once all of the following events have occurred:
- The subcontract works have achieved completion;
- The subcontractor has provided Bellway with all the documents and information required
- All defects notified during the rectification period have been rectified.
Is the money released in stages?
Yes:
50% is released when works are completed, remaining 50% released 24 months after the 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
5%
Dispute resolution process
When there are queries or if a dispute arises between the parties, Bellway will attempt to resolve them as soon as possible with the other party. If a dispute is not being resolved in a timely manner this will be escalated by Bellway to ensure a fair resolution is achieved.
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