NG BAILEY LIMITED
Company number: 00342778
Reporting period:
28 February 2026 to 27 August 2026
Report filed on:
25 September 2026
Approved by:
Rachel Clare Salmon
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: 36 days
Total value paid:
- within 30 days: £59,306,302 (55%)
- in 31 to 60 days: £47,890,355 (44%)
- in 61 days or more: £791,432 (< 1%)
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 62%
- 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: £2,435,380
- payments due in the reporting period which have not been paid within the agreed period: 2%
- not made in the reporting period due to a dispute: 100%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of contract negotiations. The most frequently used payment term is 60 days from invoice date. Payment runs are typically done on a weekly basis.
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
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Retention clauses are standard in engineering and construction contracts, but their inclusion depends on contract type and client requirements.
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?
Yes:
NG Bailey generally aligns retention clauses for subcontractors with those applied to us under the same contract, although the approach may differ depending on the specific contract or project. Our KPIs demonstrate that, in practice, we often hold less retention against our subcontractors than is held against us, reflecting our commitment to fair and balanced contract management.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Most cases retention periods are agreed upfront in the construction contract either linked to fixed time periods or upon completion of specific activities.
Is the money released in stages?
Yes:
Retention is withheld at the contractually stated percentage until practical completion, at which point half is released. The remainder is held until the end of the Defects Liability Period (usually 12 months) and rectification of defects, with deductions possible for unresolved defects. Arrangements may vary depending on the contract or project.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
68%
Amount retained stated as a percentage of the total construction payments made by this business
5%
Dispute resolution process
NG Bailey Limited takes prides in developing open and long lasting relationships with its suppliers and subcontractors. NG Bailey Limited actively seeks to resolve disputes by discussing them with the relevant supplier or subcontractor. This typically involves members of the procurement, accounts payable and commercial teams. Where necessary it is escalated to members of management. Where it is not possible to reach an agreement, a number of potential dispute resolution methods may be used, e.g. adjudication, mediation, litigation or arbitration.
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