SES (ENGINEERING SERVICES) LIMITED
Company number: 00690190
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Philip Wainwright
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: 34 days
Total value paid:
- within 30 days: £56,381,815 (31%)
- in 31 to 60 days: £107,718,186 (60%)
- in 61 days or more: £16,920,538 (9%)
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 22%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £89,658,174
- payments due in the reporting period which have not been paid within the agreed period: 28%
- 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
SES (Engineering Services) Limited do not use standard payment terms. Payment terms are agreed with suppliers in line with contract negotiations. The most frequently used payment terms in the reporting period are 60 days from the end of month following the tax point of invoice.
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
60 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 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: 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% of retention released on the practical completion of the subcontract works and then remaining 50% 24 months after that date.
Is the money released in stages?
Yes:
50% of retention released on the practical completion of the subcontract works and then remaining 50% 24 months after that date.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
108%
Amount retained stated as a percentage of the total construction payments made by this business
4%
Dispute resolution process
Material Deliveries - If there is no record of a delivery being made, proof of delivery is requested by the accounts department. Incorrect Price - If goods are charged at a different rate to that agreed at the point of ordering, the buying dept. will contact the supplier to resolve the discrepancy. Sub-Contractors -Where dispute arises, the Project QS will liaise with the sub-contractor to resolve any issues. For both suppliers and subcontractors if the dispute cannot be resolved through the normal process as detailed above the matter will be escalated internally to either the financial controller, finance director, group supply chain director or regional director dependent upon the nature of the dispute.
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