ONNEC GROUP UK LIMITED
Company number: 02027207
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
22 July 2026
Approved by:
Sebastian Marlow
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 57 days
Total value paid:
- within 30 days: £2,213,961 (28%)
- in 31 to 60 days: £3,530,498 (44%)
- in 61 days or more: £2,223,120 (28%)
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 44%
- in 61 days or more: 28%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £4,830,882
- payments due in the reporting period which have not been paid within the agreed period: 61%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Historically our standard terms were 30 days - we are trying to re negotiate to 60
Were there any changes to the standard payment terms in the reporting period?
Historically our standard terms were 30 days - we are trying to re negotiate to 60
Were suppliers notified or consulted about these changes before they were made?
Our procurement department negotiates this with suppliers
Maximum contractual payment period agreed
75 days
One key supplier has given 75 days - but generally 30/60 days
Any other information about payment terms
Our subcontractors are payment monthly in accordance to a schedule that has been submitted. The payments are made according to works completed dates rather than from invoice date
Dispute resolution process
On a general supplier point of view if we are querying an invoice we would communicate with the supplier to a) try and resolve b) notify them of the query. Once we are happy and received relevant credit notes we would then release the invoice for payment
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