CIRCLE HEALTH GROUP LIMITED
Company number: 02164270
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Jawad Khan
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: 41 days
Total value paid:
- within 30 days: £122,258,784 (41%)
- in 31 to 60 days: £137,248,895 (46%)
- in 61 days or more: £36,341,497 (12%)
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 45%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £102,562,559
- payments due in the reporting period which have not been paid within the agreed period: 21%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms
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 used in specific circumstances:
The qualifying threshold within our standard operating procedure is a construction contract that has a contracted sum exceeding £50,000 ex Vat. In this case it is expected that the contract will be awarded and managed through a standard JCT contract template, with Circle Health Group amendments.
Does this business only use retention clauses in construction contracts above a specific contract sum?
Yes: £50,000
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:
Policy is we hold 5% retention on any construction contract >£50k , releasing 2.5% immediately following completion of works and the remainder after 12 months
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Policy is we hold 5% retention on any construction contract >£50k , releasing 2.5% immediately following completion of works and the remainder after 12 months
Is the money released in stages?
Yes:
The release mechanisms of retention is payable as per the JCT contract that it is contracted under. This is normally 5% with 50% released at practical completion of the project, then the remaining 2.5% released following expiry of defects period which is normally 12 months.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
0%
Dispute resolution process
The main point of contact for disputes is the Circle Business Services, Accounts Payable office in Cheadle, which check the status of the invoice and if necessary, raise the query with the BMI buyer at the hospital who will contact the supplier to resolve the issue.
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