S.D.C. BUILDERS LIMITED
Company number: 01251716
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
30 April 2026
Approved by:
Adam Knaggs
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: 38 days
Total value paid:
- within 30 days: £38,428,014 (36%)
- in 31 to 60 days: £64,234,795 (60%)
- in 61 days or more: £4,955,000 (5%)
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 63%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £413,971
- 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: 5%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
78 days
Standard payment terms
The payment terms operated by SDC Builders Limited varies depending upon the type of supply and, in some instances, for who our end client is.
Material purchases are paid at the end of the month following the month of invoice.
The standard terms for paying the majority of subcontractors is 49 days from the date of the main contract valuation. There are however some exceptions where certain works done for specific clients are paid on terms of 60 days and 78 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
78 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
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?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
Retentions are applied to payments based upon agreed terms on signed contracts with subcontractors. These can vary from 3-5%. Retention details are maintained within the financial records.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
50% of the retained retention is released on practical completion of the contract.
The remaining 50% is usually released after the 12 month defect period.
Is the money released in stages?
Yes:
50% on practical completion.
50% after 12 month defect period
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
73%
Amount retained stated as a percentage of the total construction payments made by this business
3%
Dispute resolution process
Subcontract issues should be addressed to the quantity surveyor responsible for the particular job worked on. They can then discuss any disputes and hopefully resolve the issues before notifying accounts to make a payment.
Material invoices are agreed to details provided by the buying department and should an issue arise in pricing discrepancies then they tend to be dealt with by the accounts team along with the buying department.
If the issue is in respect of the quality or other non pricing matters then it will be an issue for the buying department, site managers, surveyors and supplier to discuss and hopefully resolve any issues.
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