MCGEE GROUP (HOLDINGS) LIMITED
Company number: 00933689
Reporting period:
1 December 2025 to 31 May 2026
Report filed on:
29 June 2026
Approved by:
Bevan White
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: 48 days
Total value paid:
- within 30 days: £12,029,627 (32%)
- in 31 to 60 days: £17,594,833 (47%)
- in 61 days or more: £7,767,888 (21%)
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 55%
- in 61 days or more: 23%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,590,338
- 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: 1%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Month end plus 45 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?
Retention clauses are used in specific circumstances:
Retention clauses typically reflect the main contract provisions and requirements, and depends on the type of contract and the nature of the contract works.
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
The subcontractor will make an application for payment and release of retention.
Is the money released in stages?
Yes:
Typically, 50% of the retention is released at practical completion of the subcontract works and then the second 50% is released 12 months later when any defects are corrected.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
11%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
The dispute resolution process for suppliers is within T&C’s / purchase orders. In the first instance McGee's Procurement team would raise a query with the supplier, if an agreement cannot be reached this will then follow the escalation process.
The dispute resolution process for subcontracted works is within the subcontract. In the first instance McGee's Commercial team will meet with the subcontractor to discuss any differences of opinion. If agreement cannot be reached, the differences are escalated to Senior Members of both organisations to resolve.
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