JOHN SISK & SON LIMITED
Company number: 01973332
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
27 July 2026
Approved by:
Ger Penny
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: 24 days
Total value paid:
- within 30 days: £242,430,895 (90%)
- in 31 to 60 days: £19,235,051 (7%)
- in 61 days or more: £6,922,365 (3%)
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 12%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £46,565,249
- 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: 10%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
Answer not provided
Standard payment terms
John Sisk & Son Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 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
60 days
No further comment provided
Any other information about payment terms
Payments to small suppliers are as follows:
• Average time to pay: 13 days
• % paid within 30 days: 95%
• % paid 31-60 days: 4%
• % paid on or after 60 days: 1%
• % not paid to agreed terms: 26%
• £ paid within 30 days: £90,905,421
• £ paid 31-60 days: £4,838,196
• £ paid on or after 60 days: £231,623
• Total value of payments due in the reporting period which have not been paid within the agreed period: £18,140,447
•Percentage of payments not made in the reporting period due to a dispute: 1%
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
When a package of works includes the installation of permeant works retention is applied to the subcontract package.
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?
Yes:
When a package of works includes the installation of permeant works retention is applied to the subcontract package.
The general retention rate to subcontractors is 3%.
Clients apply retention on all jobs to Sisk and apply a 5% rate most commonly.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The retention is released in two stages. First, 50% if the retention withheld is released once practical completion is achieved. The remaining 50% is released within 30 days of receiving a defects certificate from the client.
Is the money released in stages?
Yes:
The retention is released in two stages. First, 50% if the retention withheld is released once practical completion is achieved. The remaining 50% is released within 30 days of receiving a defects certificate from the client.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
47%
Amount retained stated as a percentage of the total construction payments made by this business
3%
Dispute resolution process
John Sisk & Son Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the accounts department, procurement and/or our commercial teams or senior management. Where it is not possible to reach agreement, dispute resolution methods (such as, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.
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: Fair Payment Code (formally known as the 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.
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