EQUANS E&S SOLUTIONS LIMITED
Company number: 04243192
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
31 July 2026
Approved by:
Mark Gallacher
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: £72,936,725 (49%)
- in 31 to 60 days: £62,580,764 (42%)
- in 61 days or more: £12,167,605 (8%)
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 27%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £48,770,614
- 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: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
The statistical information provided includes payments to both suppliers and subcontractors. All invoices received require a valid purchase order number. Any invoice received without a valid purchase order number is returned unpaid with a request to resubmit the invoice with the required information
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 used in specific circumstances:
Retention provisions are included as standard within Schedule 1 of E&S contracts. However, these may be waived or amended subject to the nature of the works and site-specific agreement. Retention is also incorporated within JCT contracts.
Does this business only use retention clauses in construction contracts above a specific contract sum?
Yes: £100,000
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?
Yes:
Where retention is applied to us by the customer, we aim to apply equivalent, back-to-back terms to our supply chain and do not impose a higher retention rate.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
A retention of 5% is applied to the PO lines. 2.5% is released upon Practical Completion and receipt of the O&M manuals, with the remaining 2.5% released 12 months later. Retention release is managed by the Site Team or PMO Coordinator
Is the money released in stages?
Yes:
A retention of 5% is applied to the PO lines. 2.5% is released upon Practical Completion and receipt of the O&M manuals, with the remaining 2.5% released 12 months later. Retention release is managed by the Site Team or PMO Coordinator
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
145%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
The company is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. The company has dedicated teams, based at a UK Group Shared Service Centre, for dealing with all supplier and subcontractor invoice processing, queries and statement reconciliations. Formal Dispute Resolution Processes are included as terms within many contractual agreements signed with suppliers and subcontractors. The company makes every effort to resolve disputes and queries in a timely manner and within agreed payment terms.
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