CITRA LIVING PROPERTIES (NO. 1) LIMITED
Company number: 13306073
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Paul Lyon
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: 20 days
Total value paid:
- within 30 days: £58,592,252 (97%)
- in 31 to 60 days: £2,089,653 (3%)
- in 61 days or more: £33,429 (< 1%)
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 4%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,111,337
- payments due in the reporting period which have not been paid within the agreed period: 7%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 30 days after receipt of a correct, undisputed, timely provided and properly due VAT invoice.
In some circumstances, CITRA LIVING PROPERTIES (NO.1) LIMITED agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices.
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
30 days
No further comment provided
Any other information about payment terms
Invoice Receipt Date
We are currently only able to record the date of receipt of invoices for circa 74% for CITRA LIVING PROPERTIES (NO.1) LIMITED of reportable invoices in this report. Where the date we receive an invoice is not available, we have reported on the date of the invoice itself, as we consider this the most justifiable alternative.
Unknown payment terms
For certain suppliers, our systems do not currently capture details of the payment terms in place under qualifying contracts with those suppliers. Therefore, for the purposes of reporting on our payment statistics for those qualifying contracts, we have assumed that all payments under those contracts are due within 30 days of the date of receipt of the invoice, which reflects our most commonly used contractual payment terms.
Discrepancy between contracting entity and paying entity
Our payment statistics include some payments made by CITRA LIVING PROPERTIES (NO.1) LIMITED where, although we are not the contracting entity for the relevant qualifying contract, the services have been received and paid for by CITRA LIVING PROPERTIES (NO.1) LIMITED.
Sufficient link to the UK
Our payment statistics may include some payments made to non-UK entities where we have been unable to ascertain whether the contract has a sufficient link to the UK to meet the criteria for reporting. It is not CITRA LIVING PROPERTIES (NO.1) LIMITED policy to differentiate supplier payment terms based on supplier jurisdiction and our payment practices for non-UK entities are representative of those followed for UK entities.
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?
Yes: 4%
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
This staged release is standard and ensures that contractors remain incentivized to complete outstanding works or rectify defects.
Is the money released in stages?
Yes:
The contract outlines a two-stage release:
1. 50% at practical completion
2. Remaining 50% at the end of the defects 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
2%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
Suppliers can raise queries with their appointed managers in the first instance. They can also contact the dedicated accounts payable team (LloydsInvoiceEnquiries@Lloydsbanking.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior contacts, as needed), in accordance with the terms of the contract.
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: Fair Payment Code
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