TRANT ENGINEERING LIMITED
Company number: 00769274
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
17 July 2026
Approved by:
Philip Trant
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: £13,838,000 (47%)
- in 31 to 60 days: £13,647,000 (46%)
- in 61 days or more: £1,886,000 (6%)
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 46%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,170,000
- payments due in the reporting period which have not been paid within the agreed period: 11%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Payment terms are agreed with each supplier and can range from 30-45-60-90 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
90 days
No further comment
Any other information about payment terms
No further comment
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
This can apply to subcontracts
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?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
When applying retention to subcontracts, we do not impose a higher percentage than that we are being deducted from the end client
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Works are completed, funds are applied for and certified . Funds are then paid within payment terms.
Is the money released in stages?
Yes:
50% on completion and 50% on conclusion of the 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
31%
Amount retained stated as a percentage of the total construction payments made by this business
19%
Dispute resolution process
Any dispute is handled between the commercial team and supplier's commercial representative. We aim to resolve all disputes in a timely manner.
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