CHRIST'S HOSPITAL
Company number: 06232556
Reporting period:
1 September 2025 to 28 February 2026
Report filed on:
26 March 2026
Approved by:
John Yeomans
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: 32 days
Total value paid:
- within 30 days: £7,552,917 (64%)
- in 31 to 60 days: £3,234,499 (27%)
- in 61 days or more: £1,059,843 (9%)
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 21%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £273,023
- payments due in the reporting period which have not been paid within the agreed period: 7%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
Majority of our suppliers are on 30 day payment terms. Certain smaller sole trader suppliers are on 14 day payment terms where agreed in advance with the Finance Director. In very exceptional circumstances immediate payment is agreed.
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
Information above is relevant
Any other information about payment terms
Information above is relevant
Retention clauses
How does this business use retention clauses?
All construction contracts include retention clauses.
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:
Not really applicable as we are the end user. But in basic policy terms if we were managing a contract on behalf of another group company then we would apply parity.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Will be set out under the terms of the contract (timeframes, basis of release etc). Typically fully released within a year of construction handover in line with defects period. We use the services of external project managers and quantity surveyors to ensure that work has been delivered in accordance with the contract before releasing retentions.
Is the money released in stages?
Yes:
Not always released in stages but sometimes retention level moves from 5% to 2.5% towards end of contract. This only typically applies to large contracts.
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
1%
Dispute resolution process
In the first instance disputes/ complaints are raised with the purchase ledger administrator who refers to the budget holder responsible for authorising the invoice. Typically disputes are resolved within 5 working days. If not resolved then the dispute/ complaint is escalated to the Finance Director.
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