BLUESTONE RESORTS LIMITED
Company number: 06797991
Reporting period:
2 January 2026 to 2 July 2026
Report filed on:
29 July 2026
Approved by:
Giles McNamara
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: 34 days
Total value paid:
- within 30 days: £3,613,838 (45%)
- in 31 to 60 days: £4,012,644 (50%)
- in 61 days or more: £474,749 (6%)
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 46%
- 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: £2,275,471
- payments due in the reporting period which have not been paid within the agreed period: 19%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Our payment terms are 30 days end of month. Different payment terms are negotiated with some suppliers when credit accounts are agreed. Our longest standard payment period is 30 days end of month which equates to circa 45 days average.
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
45 days
No further comment provided
Any other information about payment terms
Bluestone Resorts Limited endeavours to pay all suppliers within agreed terms and on time. This is subject to receiving the invoices in a timely manner and ordered goods/services along with matching purchase order numbers.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Bluestone only includes retention clauses in certain large-value construction projects where a JCT contract has been agreed and the contractor accepts a retention arrangement. Whilst retention is not a standard feature of all supplier contracts, qualifying construction contracts were entered into during the reporting period.
Does this business only use retention clauses in construction contracts above a specific contract sum?
Yes: £300,000
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?
Yes:
Retention provisions are only used on certain high-value construction projects undertaken under JCT contracts. Where retention is applied, the terms are consistent with the contractual arrangements for the project. Generally Bluestone would withhold a 5% retention during the construction phase and release half of the retention sum on practical completion of the project and release the final 2.5% between 6 and 12 months after practical completion.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Bluestone would withhold a 5% retention during the construction phase and release half of the retention sum on practical completion of the project and release the final 2.5% between 6 and 12 months after practical completion. Any defects would be communicated to the contractor during the retention period and remedial work would be required prior to retention release.
Is the money released in stages?
Yes:
Yes, Bluestone will release half of the retention sum on practical completion of the project and release the final 2.5% between 6 and 12 months after practical 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
5%
Dispute resolution process
Disputes over inaccuracies of the invoices and the orders are negotiated involving the supplier and the Bluestone employee responsible for placing the order. Disputes relating to payments are negotiated between the finance department and the supplier.
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