APPLE RETAIL UK LIMITED
Company number: 04996702
Reporting period:
28 September 2025 to 28 March 2026
Report filed on:
23 April 2026
Approved by:
Jamie Wong
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: 17 days
Total value paid:
- within 30 days: £1,854,770,907 (86%)
- in 31 to 60 days: £293,285,002 (14%)
- in 61 days or more: £10,409,798 (< 1%)
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 9%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £26,838,640
- 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
45 days
Standard payment terms
Standard payment terms are 45 days (either from the invoice date or the day we receive the invoice, depending on the contract or Purchase Order T&Cs), however specific terms are negotiated depending on the commercial situation.
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
No
Any other information about payment terms
No
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?
No
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
Retention is released in two stages. At project completion, stage 1, following punch list completion and sign off from Development Manager, 50% of the retention amount is released (paid) to the General Contractor and later, following a 12 month inspection with the same GC, the second stage, another 50% of retention is released (paid)
Is the money released in stages?
Yes:
Retention is released in two stages. At project completion, stage 1, following punch list completion and sign off from Development Manager, 50% of the retention amount is released (paid) to the General Contractor and later, following a 12 month inspection with the same GC, the second stage, another 50% of retention is released (paid)
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
3%
Dispute resolution process
Reasons for not being able to pay based on usual payment terms include receiving late or non-compliant invoices or invoices that are in dispute. We have a dedicated Finance Support Helpdesk which is reachable by email. Vendors with invoice queries can contact this team and if the helpdesk is not able to resolve they will escalate the issue to the accounts payable team. The accounts payable team will reach out to the internal business contacts to investigate why the invoice has not been approved for payment.
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.
Yes
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