B&Q LIMITED
Company number: 00973387
Reporting period:
1 February 2026 to 31 July 2026
Report filed on:
27 August 2026
Approved by:
Geoffrey Bryant
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: 55 days
Total value paid:
- within 30 days: £408,000,000 (25%)
- in 31 to 60 days: £418,000,000 (25%)
- in 61 days or more: £822,000,000 (50%)
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 30%
- in 61 days or more: 44%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £43,000,000
- payments due in the reporting period which have not been paid within the agreed period: 3%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
21 days
Longest standard payment period
90 days
Standard payment terms
Goods not for Resale (GNFR) contracts = 60 Days Goods for Resale (GFR) contracts = 90 Days
CIS (Construction Industry Scheme) contracts = 30 Days
Small Businesses = 30 Days
Intercompany Payments = 21 Days after the period end
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
90 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 used in specific circumstances:
Major complex construction projects.
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?
Yes:
Not applicable, B&Q acts as the client only therefore the only retention clause is on our suppliers.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retention monies are held in accordance with the terms of the relevant construction contract. Retained amounts are released once the contractual conditions for release have been satisfied. Release is subject to verification by the contract manager and approval in line with delegated authority requirements.
Is the money released in stages?
Yes:
Where the contract provides for staged releases, retention monies are released at the agreed milestones specified within the contract.
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
3%
Dispute resolution process
The first point of contact should be with the Accounts Payable Team.
Email: AccountsPayableHelpdesk@kingfisher.com (GNFR Invoices) /
GFR_APHelpdesk@Kingfisher.com (GFR Invoices).
The Accounts Payable team will escalate to the Operational Finance Manager if there are any disputes they are unable to resolve.
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.
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