ALUN GRIFFITHS (CONTRACTORS) LIMITED
Company number: 01493003
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
13 August 2026
Approved by:
Alun Griffiths
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: £44,438,106 (75%)
- in 31 to 60 days: £12,849,561 (22%)
- in 61 days or more: £1,716,183 (3%)
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 29%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,132,520
- payments due in the reporting period which have not been paid within the agreed period: 62%
- not made in the reporting period due to a dispute: 90%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 30 days end of month, for all new suppliers as published on our website. Although we have historic payment terms which range from payment on receipt to 90 days end of month, with 90% of suppliers being on 30 days end of month.
Were there any changes to the standard payment terms in the reporting period?
The payments which were made late for the reporting period was due to agreeing rates with suppliers due to the war in Iran, changes in surcharges mainly relating to the fuel price changes during this period.
These being resolved, the number of invoices in dispute has significantly reduced.
Were suppliers notified or consulted about these changes before they were made?
Meetings were held with suppliers to work through the additional charges which were being added to existing Purchase Orders.
Maximum contractual payment period agreed
60 days
Statistical information represents a combination of purchase ledger suppliers and sub-contract payments. Maximum payment term applies to only a handful of very large companies with historical payment agreements and high volume invoices.
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:
Large value measured works for subcontractors
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: 5%
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 completion of the project we release 50% of the retention due with the remaining retention paid when the defect certificate has been issued by the client.
Is the money released in stages?
Yes:
50% on completion with remaining 50% released when defect period has completed.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
10%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Invoices/requests for payments which do not automatically match to the purchase order are electronically sent out to the requisitioner who is responsible for taking the action required to resolve the query. Disputed invoices are monitored on a regular basis to ensure the requisitioner and supplier resolve the dispute as soon as possible.
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.
Yes, this business has signed up to: Prompt Payment Code
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