P.J. CAREY (CONTRACTORS) LIMITED
Company number: 01460224
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
30 April 2026
Approved by:
Tommy Carey
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: 52 days
Total value paid:
- within 30 days: £58,990,642 (60%)
- in 31 to 60 days: £27,856,043 (29%)
- in 61 days or more: £10,858,404 (11%)
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 42%
- in 61 days or more: 19%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £765,524
- payments due in the reporting period which have not been paid within the agreed period: 1%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
76 days
Standard payment terms
The Company payment terms can vary by contract and supply, however our standard payment terms for supplier payments are 45 days end of month from invoice date. Subcontractor payment terms are dependent on the specific requirements of individual projects.
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
76 days
No further comment provided
Any other information about payment terms
We operate on standard payment terms unless specifically agreed with our supplier and Group Procurement Manager
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?
Yes: 3%
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
Generally half of the retention is released at practical completion of the works and then the second half released 12 months later
Is the money released in stages?
Yes:
As Above
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
10%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
At P J Carey Contractors Ltd, we strive to resolve payment enquiries on a timely basis. We are committed to dealing fairly with promptly paying our suppliers and subcontractors.
The method of dispute resolution will depend on the nature of the query. In respect of our subcontractors, the dispute will be dealt with by the relevant project team who will negotiate with our subcontractor until the issue is resolved and payment is made.
The implementation of workflow on our Purchase Ledger enables us to deal with internal queries in an efficient and timely manner.
In respect of disputes with our suppliers, our Accounts payable team will expedite a resolution assisted by our Procurement and relevant site teams.
Should formal resolution be required , which is extremely unlikely, methods such as mediation may be used.
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