TRAVIS PERKINS (PROPERTIES) LIMITED
Company number: 00468024
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
21 July 2026
Approved by:
Duncan Cooper
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: 8 days
Total value paid:
- within 30 days: £50,293,494 (96%)
- in 31 to 60 days: £1,229,521 (2%)
- in 61 days or more: £627,963 (1%)
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £12,929,203
- payments due in the reporting period which have not been paid within the agreed period: 37%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
The company pays in line with the terms set out in written agreements with suppliers, which it has for the majority of goods-for-resale suppliers. Where a written agreement does not exist, the company will pay suppliers within 90 days of the invoice date, provided the supplier sends an accurate invoice which quotes the correct purchase order.
Rent payment schedules are set upon entering into a lease contract and payment terms are agreed as part of contract negotiations. No invoices are received as such and most payments are made on or before the due date.
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
75 days
The terms for the maximum contractual payment period agreed with a supplier states documents are due the last day of the 2nd month following invoice date (average of 75 days)
Any other information about payment terms
The company raises payment instructions in line with the documented payment terms, which
make no allowance for fund transmission times. The funds become available to suppliers between 1 and 3 days after the payment terms date, depending upon the method of electronic payment. The method of electronic payment is agreed with suppliers.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
We only use retention clauses in our larger projects, typically £1m plus. It would only apply to 2-3 contracts a year.
Does this business only use retention clauses in construction contracts above a specific contract sum?
Yes: £1,000,000
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?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
We retain 5%. When the project reaches practical completion this is reduced to 2.5% and the supplier will issue an invoice for payment. The remaining 2.5% is released and paid after 12 months
Is the money released in stages?
Yes:
50% of the retention amount is released on the practical completion of the project. The remaining 50% is released after 12 months.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
0%
Dispute resolution process
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the person responsible for the purchase will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Suppliers are informed of held items. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.
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