NEWLAND HOMES LIMITED
Company number: 02582221
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
31 July 2026
Approved by:
David Foreman
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: 33 days
Total value paid:
- within 30 days: £15,487,070 (72%)
- in 31 to 60 days: £5,626,810 (26%)
- in 61 days or more: £308,727 (1%)
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 26%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £8,097,974
- payments due in the reporting period which have not been paid within the agreed period: 38%
- not made in the reporting period due to a dispute: 25%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
61 days
Standard payment terms
Suppliers – Unless otherwise agreed in writing monthly invoices which are
received by the Company by the 5th of the month, following the month in which delivery was made, will be payable by the Company by the end of the month plus 1 working day, following the month of delivery. Invoices received after the 5th of the month following the month of delivery will not be payable until the end of the month following the month in which the invoice has been received.
If agreed in writing, suppliers are paid fortnightly or 30 days as per their invoice terms. This is generally for smaller companies.
Contractors - Application for Monthly payment shall be submitted by the 6th day of the calendar month following the month to which the application relates. The payment date shall be 5 days after the last day of the month in which the application is received.
Application for Fortnightly payment shall be submitted by the Monday of the week following the fortnightly account period, commencing with the second Monday after the date on which the works have been commenced. The payment shall be 5 working days after the last working day of the week in which the application is received.
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
61 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:
Certain trades have a retention clause, for example Groundworks, These are a % but are capped.
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?
No
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
At the end of the project, the contractor will claim for their retention release and this will be paid unless there are any defects or contra charges to be deducted. These will all be agreed and discussed with the subcontractor via the Final Account review
Is the money released in stages?
No
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
2%
Dispute resolution process
Discussions are held with the contractors during the final account review where the outstanding balances and retention releases are discussed. Contra charges may be deducted from the final retention release but all contra charges would have been discussed with the contractor previously.
Payment runs are then processed to release the retention
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