TAYLOR WIMPEY UK LIMITED
Company number: 01392762
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Chris Carney
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: 31 days
Total value paid:
- within 30 days: £1,011,543,000 (72%)
- in 31 to 60 days: £371,835,000 (26%)
- in 61 days or more: £30,392,000 (2%)
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 43%
- 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: £149,503,000
- payments due in the reporting period which have not been paid within the agreed period: 9%
- not made in the reporting period due to a dispute: 10%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
62 days
Standard payment terms
Our payment terms depend on the nature of the supply and order placed by the company.
Supplier payment terms:
Payment terms for suppliers are for payment by the last business day in the month following the month in which a valid undisputed invoice was received for goods and/or services received/supplied.
Contractor payment terms:
Payment terms for approved works comply with the Local Democracy, Economic Development and Construction Act 2009 in which the final payment date is 7 days following the due date, with the due date being 30 days after the later of the date the application/invoice is received or the relevant month end.
Consultants:
Payment terms for consultants’ services comply with the Local Democracy, Economic Development and Construction Act 2009 in which the final payment date is 30 days following the due date, with the due date being the later of: date of receipt of a valid application/invoice for payment; or by a contractually agreed payment profile 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
62 days
No further comment provided
Any other information about payment terms
Self-billing is available for certain suppliers.
Retention clauses
How does this business use retention clauses?
Retention clauses are included in standard payment terms.
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
Payment of any part of the retention requires a written application from the Contractor and is subject to rectification of any defects.
Is the money released in stages?
Yes:
50% of retention is released upon certification of satisfactory completion.
50% is released 24 months later, provided all defects, shrinkages or faults have been rectified to the Employer’s satisfaction.
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
1%
Dispute resolution process
Our standard contractual frameworks provide for a dispute resolution process which adopts the Construction Industry Council Model Adjudication Procedures and as per the Local Democracy, Economic Development and Construction Act 2009, either party may refer a dispute to adjudication. Either party has the right to initiate legal proceedings in the UK Courts.
Outside of adjudication, there is a dispute escalation procedure, namely (i) the authorised representatives of each party are attempting to settle a dispute first (ii) failure to settle is referred to regional managing directors to attempt to resolve (iii) if still not resolved the dispute is to be referred in good faith to mediation.
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