TARMAC TRADING LIMITED
Company number: 00453791
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
John Michael Delaney
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: 30 days
Total value paid:
- within 30 days: £205,411,390 (53%)
- in 31 to 60 days: £98,087,708 (25%)
- in 61 days or more: £84,767,842 (22%)
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 20%
- in 61 days or more: 17%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £34,565,596
- payments due in the reporting period which have not been paid within the agreed period: 17%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 60 days end of month for all new suppliers as published on our website however if it is a Construction Contract then it is 19-35 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
90 days
If it is a Construction Contract and it has a Project Bank Account then payment terms are 19-35 days
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:
Tarmac only includes retention clauses on a flowdown basis from the main/head contract if the main contract contains retention clauses.
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: 5%
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
50% on Completion and the remaining 50% at the end of the contractual defect liability period
Is the money released in stages?
Yes:
50% on Completion and the remaining 50% at the end of the contractual defect liability period
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
29%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Invoices/requests for payment which do not automatically match to the purchase order are electronically sent to the requisitioner who is responsible for taking the action required to resolve the query. Disputed invoices are monitored and reported on a weekly basis by the Shared Services Centre in Solihull using an electronic query management system to ensure the requisitioner and supplier resolve the dispute as soon as possible.
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: Subcontractors Fair Payment Charter
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.
Yes
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