VISTRY HOMES LIMITED
Company number: 00397634
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Timothy Lawlor
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: 47 days
Total value paid:
- within 30 days: £101,178,071 (20%)
- in 31 to 60 days: £325,359,853 (65%)
- in 61 days or more: £77,644,914 (15%)
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 55%
- in 61 days or more: 20%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £212,422,862
- payments due in the reporting period which have not been paid within the agreed period: 58%
- not made in the reporting period due to a dispute: 7%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
91 days
Standard payment terms
Where payment relates to services provided by a subcontractor, payment of any sum ascertained as due in accordance with Vistry’s Trade Contract Terms & Conditions shall become due 14 days after the application date (the “payment due date”). The final date for payment is 14 days after the payment due date (i.e. 30 days from the application date).
Where the payment relates to goods or services the terms differ and are required to be paid the month after the month of the date of the invoice, unless agreed otherwise.
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
61 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:
Most standard contracts include a 5% retention. There are some exceptions to this whereby a zero or capped retention policy may be in place, agreed by exception.
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?
Yes:
The retention amounts deducted from subcontractor payments will be applied at the same percentage or a lower percentage than that deducted from the company.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Managed on a phased release, normally based on 50% released 12 months after practical completion with the remaining 50% released 2 years after practical completion. This may not be released until all defects have been closed out.
Is the money released in stages?
Yes:
As described above.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
52%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Dispute resolution is a three step process that starts with the dispute being referred to the relevant Manager within the business. Vistry and the Vendor will then seek to settle the dispute by negotiation. If the dispute is not resolved it shall be referred to expert determination.
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