LONDON GATEWAY PORT LIMITED
Company number: 04341592
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
31 July 2026
Approved by:
Alan Shaoul
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: 25 days
Total value paid:
- within 30 days: £217,531,305 (86%)
- in 31 to 60 days: £33,414,082 (13%)
- in 61 days or more: £2,328,181 (< 1%)
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 12%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £44,332,885
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 14%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
30 days from invoice date.
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
Payment of invoices will be made on 30 day terms unless otherwise agreed – per the Conditions of Purchase on London Gateway Port Ltd purchase orders.
Suppliers should send tax invoices which specify the correct Purchase Order number to the Accounts Payable department at London Gateway Port Ltd, either by email to Accountspayable@londongateway.com or by post to Accounts Payable, No1 London Gateway Stanford-le-Hope Essex UK SS17 9DY.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Civil contracts whereby retention is included
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
The supplier invoices the final retention as per contract terms
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
10%
Dispute resolution process
For any payment queries, suppliers should contact the Accounts Payable department at London Gateway Port Ltd, either by email to accountspayable@londongateway.com or by phoning the switchboard on 01375 648311 and asking for the Accounts Payable department.
The Accounts Payable department will look into suppliers’ queries as soon as possible, and will liaise with the purchaser and the supplier to resolve any queries or disputes to enable payment to be made as quickly as possible.
Full Conditions of Purchase can be found on the London Gateway Port Ltd Purchase Order.
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