BIDWELLS LLP
Company number: OC344553
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
5 August 2026
Approved by:
Nicholas Pettit
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 25 days
Total value paid:
- within 30 days: £5,862,380 (58%)
- in 31 to 60 days: £3,999,564 (40%)
- in 61 days or more: £197,324 (2%)
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 31%
- 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: £6,090,604
- payments due in the reporting period which have not been paid within the agreed period: 47%
- not made in the reporting period due to a dispute: 5%
Payment terms
Shortest standard payment periods
15 days
Longest standard payment period
Answer not provided
Standard payment terms
Bidwells shall pay the charges for trade suppliers within 30 days of receipt of an accurate and valid VAT Invoice, unless agreed otherwise with a trade supplier. Bidwells shall only be obliged to make payment where Bidwells is satisfied that the work has been performed in accordance with agreement with the supplier.
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
Dispute resolution process
If there is a disagreement, Bidwells and the supplier will negotiate and settle the disagreement. Initial Review (0–10 Business Days): AP notifies responsible parties; response required within 10 business days.
Management Escalation (11–20 Business Days): Escalate to the relevant department manager for review and action.
Senior Management Escalation (21–30 Business Days): Escalate to the Accounts Payable Manager and Senior Assistant Management Accountant for formal review and resolution planning.
Executive Escalation (Over 30 Business Days): Escalate significant or aged disputes to the Finance Director and relevant business leadership for final decision.
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