SARENS (UK) LTD
Company number: 02322823
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
21 September 2026
Approved by:
Andrew Winter
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: 53 days
Total value paid:
- within 30 days: £13,819,005 (60%)
- in 31 to 60 days: £3,584,107 (16%)
- in 61 days or more: £5,537,022 (24%)
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 29%
- in 61 days or more: 40%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £6,618,216
- payments due in the reporting period which have not been paid within the agreed period: 75%
- not made in the reporting period due to a dispute: 10%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 60 days end of month of invoice however different types of contract are subject to alternative terms.
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
Cleared payments are made in the next payment run following due date. There are 2 such runs each month. Payments not made in this period equates to 21% (12% by value)
Dispute resolution process
Disputes should be address to the Accounts Payable team by email or telephone in the first instance. If necessary this would be escalated to Finance and Operations leads as appropriate.
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