HG CONSTRUCTION LIMITED
Company number: 01617719
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
21 May 2026
Approved by:
John Rock
Payment statistics
Average time taken to pay invoices: 41 days
Total value paid:
- within 30 days: £30,443,256 (22%)
- in 31 to 60 days: £81,754,223 (59%)
- in 61 days or more: £27,239,350 (20%)
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 68%
- in 61 days or more: 13%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £69,238,435
- payments due in the reporting period which have not been paid within the agreed period: 50%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
42 days
Standard payment terms
Purchase Ledger = 30 day payment terms
Subcontract Ledger - 42 day payment terms
A number of subcontracts carry individually negotiated terms.
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
60 days
Standard terms are 30 days (suppliers) and 42 days (subcontractors). A number of contracts are individually agreed at up to 60 days, which is the maximum contractual period in the reporting period.
Any other information about payment terms
We are making changes to our payment systems and processes to improve our payment performance, and expect the benefits to be seen in future reporting periods.
Dispute resolution process
Purchase ledger invoices subject to a query are held and not released for payment approval until the query is resolved. Subcontractor payments are made against valuations agreed with the subcontractor. Queries are handled by our commercial team and resolved as quickly as possible. We are making system and process changes to improve how queries are managed and to support better payment performance going forward.
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