Published reports

WILLMOTT DIXON CONSTRUCTION LIMITED

Company number: 00768173

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2026 to 30 June 2026

Report filed on:

30 July 2026

Approved by:

James Mackenzie

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: 28 days

Total value paid:

within 30 days: £233,519,624 (60%)
in 31 to 60 days: £153,360,997 (39%)
in 61 days or more: £3,253,028 (< 1%)

Invoices paid:

within 30 days: 60%
in 31 to 60 days: 39%
in 61 days or more: 1%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £40,791,869
payments due in the reporting period which have not been paid within the agreed period: 8%
not made in the reporting period due to a dispute: 21%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

60 days

Standard payment terms

"The Company is committed to the principles of the Fair Payment Code and to maintaining transparent and equitable payment arrangements with its suppliers and subcontractors.

Payment terms are agreed with the supply chain partners and quoted on each purchase order but are typically: 19 days from certification date on certain public sector frameworks. 30 days from valuation on a number of other major frameworks. 42 days from the valuation date for supply of other works partner services. 30 days from invoice date for the supply of other goods and services. "

Were there any changes to the standard payment terms in the reporting period?

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 used in specific circumstances:

Our approach to retention is customer-led. For projects where our clients deduct retentions from payments, we aim to use consistent retention clauses with our sub contractors, ensuring that any retention arrangements are mirrored on a back-to-back basis with relevant sub contractors.

Does this business only use retention clauses in construction contracts above a specific contract sum?

Does this business use a standard percentage rate in retention clauses?

Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?

Yes:

Releasing money under a retention clause

Process for releasing money this business has deducted or retained under a retention clause

Our standard mechanism for release of retentions is aligned with the industry norms. Following practical completion, a subcontractor may apply for the release of 50% of the retention. At the end of the defects period and once any defects have been rectified, a subcontractor may then apply for the release of the retention balance

Is the money released in stages?

Yes:

Following practical completion, a subcontractor may apply for the release of 50% of the retention. At the end of the defects period and once any defects have been rectified, a subcontractor may then apply for the release of the retention balance

Amount retained from suppliers in the reporting period

Amount retained stated as a percentage of the money retained from this business by its clients

68%

Amount retained stated as a percentage of the total construction payments made by this business

Dispute resolution process

Willmott Dixon prides itself in fostering open and strong relationships with its supply chain partners. Suppliers are provided with key contact details for each project and every local office employs a Supply Chain Manager, Finance Manager and Commercial Director who monitor payments and provide an escalation route in the event that any dispute or payment issue arises.

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.

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?

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