Published reports

PALO ALTO NETWORKS (UK) LIMITED

Company number: 06851390

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 February 2026 to 31 July 2026

Report filed on:

21 August 2026

Approved by:

Ian Roberts

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: 21 days

Total value paid:

within 30 days: £60,450,000 (4%)
in 31 to 60 days: £188,210,000 (13%)
in 61 days or more: £1,146,210,000 (82%)

Invoices paid:

within 30 days: 95%
in 31 to 60 days: 4%
in 61 days or more: 1%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £5,510,000
payments due in the reporting period which have not been paid within the agreed period: 5%
not made in the reporting period due to a dispute: 0%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

30 days

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

For external third party suppliers

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 clauses maybe applied to construction contracts in line with industry practices and subject to project requirements.

Does this business only use retention clauses in construction contracts above a specific contract sum?

Does this business use a standard percentage rate in retention clauses?

Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?

Releasing money under a retention clause

Process for releasing money this business has deducted or retained under a retention clause

Release of retention is in line with contractual terms and industry practices. Typically, a portion of agreed retention is released when the works are certified as complete. The remaining retention is released at a later date as per contract terms, typically when it has been certified any defects have been remedied.

Is the money released in stages?

Yes:

Amount retained from suppliers in the reporting period

Amount retained stated as a percentage of the money retained from this business by its clients

Amount retained stated as a percentage of the total construction payments made by this business

Dispute resolution process

If there is any discrepancy on the invoice, it will not be accepted and an email will be sent to the vendor with details and inquiry, copying in the purchase order requester.

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.

Yes

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.

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?

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