SEWELLS RESERVOIR CONSTRUCTION LIMITED
Company number: 02349942
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
15 July 2026
Approved by:
Anna Gray
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: 39 days
Total value paid:
- within 30 days: £10,153,586 (41%)
- in 31 to 60 days: £13,036,496 (53%)
- in 61 days or more: £1,563,536 (6%)
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 61%
- in 61 days or more: 10%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,580,933
- payments due in the reporting period which have not been paid within the agreed period: 6%
- not made in the reporting period due to a dispute: 5%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
The Company offers a variety of payment terms to their suppliers depending on individual requirements. These terms are agreed at the point of engagement with a new supplier and may be reviewed periodically once trading relationships have been established.
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:
Our construction contracts include retention clauses when a supply and fit element applies to the contract.
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:
The retention clauses applied is no more onerous than those applied to us on the same project
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The monies are released as specified in the contract.
Is the money released in stages?
No
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
59%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Disputes are recorded via the accounts payable team, the dispute will be logged electronically on the accounts system until a resolution is agreed.
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