HICL INFRASTRUCTURE PLC
Company number: 11738373
Reporting period:
1 April 2025 to 31 March 2026
Report filed on:
11 May 2026
Approved by:
Rita Akushie
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 11 days
Total value paid:
- within 30 days: £99,367 (98%)
- in 31 to 60 days: £2,286 (2%)
- in 61 days or more: £0 (0%)
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 2%
- 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: £2,286
- payments due in the reporting period which have not been paid within the agreed period: 2%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
49 days
Standard payment terms
The Company’s standard contractual payment terms are typically 30 days from receipt of a valid invoice. The Company aims to settle invoices within these agreed terms, provided that invoices are submitted accurately and in a timely manner.
While 30 days is the standard, variations may be agreed on a case-by-case basis depending on the nature of the services provided. The Company seeks to maintain transparent, fair, and professional relationships with its suppliers and endeavours to comply with agreed payment terms at all times.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Company seeks to resolve any payment disputes promptly through open communication with the supplier, with the aim of reaching an agreed resolution. Where a resolution cannot be achieved at an operational level, the matter is escalated to senior management for further review and resolution.
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