GREENE KING BREWING AND RETAILING LIMITED
Company number: 03298903
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Jonathan Fearn
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: 45 days
Total value paid:
- within 30 days: £111,267,770 (14%)
- in 31 to 60 days: £495,245,042 (64%)
- in 61 days or more: £163,048,803 (21%)
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 67%
- in 61 days or more: 14%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £115,929,453
- payments due in the reporting period which have not been paid within the agreed period: 6%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are 60 days following the end of the month of the invoice 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
90 days
No further comment provided
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:
Retention clauses are not automatically applied to every supplier contract. Retention is generally only included under the Contractor Framework / Works Order route for contractor-led construction or refurbishment works where the relevant Works Order specifies the retention percentage.
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
Our standard process is staged release: 50% at Practical Completion and the remaining 50% following the Certificate of Making Good / expiry of the rectification period subject to contractor application, defects being addressed and any required collateral warranties being provided. Release is not conditional on the performance of obligations under another contract.
Is the money released in stages?
Yes:
Our standard process is staged release: 50% at Practical Completion and the remaining 50% following the Certificate of Making Good / expiry of the rectification period subject to contractor application, defects being addressed and any required collateral warranties being provided
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
3%
Dispute resolution process
The Greene King group has a dedicated accounts payable helpdesk that offers suppliers support through to query resolution. The team can be contacted by email or phone Monday to Friday. Contact by e-mail is acknowledged within a maximum of 2 working days with all supplier queries being assigned a unique case number. The majority of phone calls are answered immediately.
Escalation within the development would be through the Project Manager assigned
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