MATTHEW HOMES LIMITED
Company number: 01210027
Reporting period:
1 November 2025 to 30 April 2026
Report filed on:
27 May 2026
Approved by:
Jaimie Wragg
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: 21 days
Total value paid:
- within 30 days: £19,914,978 (90%)
- in 31 to 60 days: £1,996,555 (9%)
- in 61 days or more: £186,874 (< 1%)
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 17%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £274,823
- payments due in the reporting period which have not been paid within the agreed period: 3%
- not made in the reporting period due to a dispute: 8%
Payment terms
Shortest standard payment periods
3 days
Longest standard payment period
60 days
Standard payment terms
The company has two main types of supplier; Subcontractors and other suppliers. The standard term for subcontractors is payment between 15 and 45 days after completion of the work. There are no standard terms for other suppliers, the most frequently used payment terms are 30 to 60 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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
All construction contracts include retention clauses, and 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: 5%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
Matthew Homes is a residential housebuilder. Retentions retained by our clients are minimal as they only relate to sales to Housing Associations, all other sales are private and do not attract retentions, this is standard throughout the residential housebuilding industry.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Upon practical completion of all contracted works on site, 50% of the retention is released, the remaining 50% is released upon the end of the 2 year defects liability period.
Is the money released in stages?
Yes:
Two stages, 50% on completion of contracted works on site, 50% after 2 years defects liability 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
999%
Amount retained stated as a percentage of the total construction payments made by this business
5%
Dispute resolution process
Any complaints are dealt with by the relevant department who raised the order.
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