CBES LIMITED
Company number: SC288763
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
31 July 2026
Approved by:
Paul O'Meara
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: 65 days
Total value paid:
- within 30 days: £4,362,675 (11%)
- in 31 to 60 days: £23,142,162 (56%)
- in 61 days or more: £13,463,331 (33%)
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 56%
- in 61 days or more: 41%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £181,914
- payments due in the reporting period which have not been paid within the agreed period: 2%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are to pay undisputed invoices 60 days from receipt of invoice or application with payment being made within the next available weekly BACS run, we also operate shorter payment terms for small labour only subcontractors. We comply with our obligations under the Housing Grants, Construction and Regeneration Act 1996 regarding subcontractor payments.
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
65 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: 2%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
CBES Ltd apply a fair and transparent retention policy in line with our standard subcontractor terms and conditions, these are consistent with industry averages and are communicated with our supply chain before works commence.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Upon expiry of the retention period, we engage with our supply chain members ensuring that retentions are released according to our terms and conditions.
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
0%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
In the first instance, any queries regarding payment of invoices should be directed to the Accounts Payable Team. We will always endeavor to give legitimate and complete explanations for delayed payment and indicate what action the supplier needs to complete in order to expedite settlement. In common with all businesses, we carry out a full range of checks on all invoices against a number of criteria to ensure that the invoice is valid and correct and therefore deserves to be paid within terms as an undisputed invoice. If an invoice fails to pass all criteria we will advise the supplier as soon as possible, explain the nature of the error/query/failure and explain the corrective action that is needed to bring the invoice to undisputed status and allow payment to proceed in a timely manner. If a supplier feels that they cannot resolve the issue with the relevant Accounts Payable Team and needs to engage with a more senior representative, then CBES Ltd offers a series of escalation contact points that can be used.
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