SLOUGH TRADING ESTATE LIMITED
Company number: 01184323
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
17 July 2026
Approved by:
Lawrence Simpson
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: 12 days
Total value paid:
- within 30 days: £41,928,488 (99%)
- in 31 to 60 days: £259,166 (< 1%)
- in 61 days or more: £125,704 (< 1%)
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 4%
- 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: £1,698
- payments due in the reporting period which have not been paid within the agreed period: 1%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
General payment terms:
The Supplier may invoice SEGRO (or its subsidiaries) at any time after proper delivery of goods or proper performance of services (as applicable) by submitting an invoice in accordance with the instructions stated on the order. SEGRO reserves the right to reject an invoice at any time but otherwise will pay the price within 30 days from the date of receipt of a valid VAT invoice. Without prejudice to any other right or remedy, SEGRO is entitled to set off against the price any sums owed to SEGRO by the supplier.
In certain circumstances, suppliers have different agreed contractual payment terms, most commonly for certain contractor invoices, where invoices are paid within 14 days from invoice date (as agreed in the contract).
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
30 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 are used in specific circumstances:
Qualifying new-build projects incorporate retention provisions within the terms of the JCT Design and Build 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: 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
SEGRO releases 50% of the retained amount at practical completion, with the remaining 50% released 12 months later following the Making Good Defects certificate.
Is the money released in stages?
Yes:
Yes, as described above.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
100%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
SEGRO PLC aims to resolve disputes with the Supplier as soon as possible by involving the Accounts Payable team, commercial teams and the relevant Supplier Contact.
If it cannot be agreed with all relevant parties, the management will resolve the conflict.
This dispute resolution procedure will be followed prior to commencing any 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.
Yes, this business has signed up to: Prompt Payment Code
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