LAGAN AVIATION & INFRASTRUCTURE LIMITED
Company number: NI627818
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
19 June 2026
Approved by:
David Ramsey
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: 35 days
Total value paid:
- within 30 days: £29,801,496 (57%)
- in 31 to 60 days: £21,248,629 (40%)
- in 61 days or more: £1,471,523 (3%)
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 40%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- 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: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
76 days
Standard payment terms
Payment terms at Lagan Aviation and Infrastructure Limited are agreed with each supplier as part of the contract negotiation process. The agreed terms may vary depending on the nature of the work, the scale of the project, and the goods or services being provided.
The most commonly applied payment terms are as follows:
Suppliers: 45 days from the end of the month in which the invoice is received.
Subcontractors (labour only): 14 days from the date of application.
Subcontractors (supply and fix): 35 days from the date of application
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
60 days from the end of month of supply
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.
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?
Yes:
Lagan Aviation and Infrastructure Limited applies retention provisions to its subcontractors that align with those imposed on it under the main contract. This ensures that subcontractors are not subject to retention terms that are more onerous than those applied to Lagan Aviation and Infrastructure Limited by the client.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Lagan Aviation and Infrastructure Limited operates a standard process for releasing retention sums under applicable construction contracts, which is consistent with industry practice and generally reflects the retention provisions set out in the main contract. In certain circumstances, the approach may be more favourable to the subcontractor than the corresponding provisions of the main contract.
Retention is released at defined stages in accordance with the subcontract terms, following receipt of a valid application for payment submitted by the subcontractor. The release of retention is not contingent upon the performance of obligations under any other contract and complies with the requirements of Section 110 of the Housing Grants, Construction and Regeneration Act 1996 (as amended).
Is the money released in stages?
Yes:
Retention is typically released in two stages:
Stage 1: 50% of the retention is released upon completion of the subcontract works.
Stage 2: The remaining 50% is released following confirmation that all identified defects have been properly addressed within the applicable defects liability period, usually around 12 months after completion.
Deductions may be made where costs have been incurred by Lagan Aviation and Infrastructure Limited in rectifying defects that were not resolved by the subcontractor.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
16%
Amount retained stated as a percentage of the total construction payments made by this business
3%
Dispute resolution process
Lagan Aviation and Infrastructure Limited is committed to ensuring fair treatment of all suppliers and seeks to resolve any disputes promptly and constructively. Dispute resolution procedures are typically discussed and agreed with suppliers during the contract negotiation stage.
The first point of contact for any invoice-related dispute is the Accounts Payable team. Where the matter cannot be resolved at that level, it will be escalated to the relevant contract or commercial team and, if necessary, to senior management.
If a mutually acceptable resolution cannot be reached, alternative dispute resolution methods may be pursued, including mediation, adjudication, or, where appropriate, formal legal proceedings.
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