SUEZ RECYCLING AND RECOVERY HOLDINGS UK LTD
Company number: 03475737
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Christopher Derrick Thorn
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: 48 days
Total value paid:
- within 30 days: £121,392,123 (27%)
- in 31 to 60 days: £177,516,267 (40%)
- in 61 days or more: £144,540,496 (33%)
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 40%
- in 61 days or more: 33%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £41,468,956
- payments due in the reporting period which have not been paid within the agreed period: 9%
- not made in the reporting period due to a dispute: 3%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
E60-End of month plus 60 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
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?
Yes:
There is no such policy. The business will assess each contract based on the risk profile of the project and the sub-contractor concerned.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The standard mechanism of release may include step down on take over, release 30 days after final payment or release after defect liability period. Normally between 3% - 5%. Contracts may be MF-1 or NEC forms. All contracts will be aligned with the requirements of the Housing Grants, Construction and Regeneration Act 1996: no pay when paid.
Is the money released in stages?
Yes:
The standard mechanism of release may include step down on take over, release 30 days after final payment or release after defect liability period. Normally between 3% - 5%.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
100%
Amount retained stated as a percentage of the total construction payments made by this business
45%
Dispute resolution process
Disputed and queries are settled by our individual branches as coordinated by Accounts Payable.
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