CRODA EUROPE LIMITED
Company number: 00167236
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
28 July 2026
Approved by:
James William Firth
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: £44,710,102 (48%)
- in 31 to 60 days: £41,377,224 (45%)
- in 61 days or more: £6,518,003 (7%)
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 61%
- in 61 days or more: 18%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £17,927,331
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
110 days
Standard payment terms
Our standard payment terms are payment on the 6th or 20th of a given month following invoice e.g. 2M06 whereby an invoice received on 15 January would be paid on 6 March.
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
110 days
We apply one of our standard terms depending on the nature, size and relationship with the business in question. We offer reduced terms where we deal with small-scale, local or sole trader businesses
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:
As the client, we don't have retention applied to us by others.
We have retention clauses in contracts for supply and fix services, dependent upon contract value and duration.
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?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Upon receipt of an invoice from the supplier for the retained amount, the retention held will be reviewed and, where all contractual obligations have been fulfilled, payment will be released in accordance with the agreed retention terms.
Is the money released in stages?
Yes:
Half retention is released upon completion of contract and on invoice by the vendor through our standard finance process. Remaining half is then released 12 months after completion.
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
4%
Dispute resolution process
We deal with very few disputes in relation to payment terms and identify a resolution within days. We document agreement to payment terms with vendors before beginning any new business but aim to find a suitable resolution depending on the nature and scale of the business.
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