GEOFFREY ROBINSON LIMITED
Company number: 01042638
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 September 2026
Approved by:
Susan Bentley
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: 35 days
Total value paid:
- within 30 days: £12,742,343 (51%)
- in 31 to 60 days: £10,642,853 (43%)
- in 61 days or more: £1,639,790 (7%)
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 55%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £18,589
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are now 30 days, month end 30 days or 60 days
Were there any changes to the standard payment terms in the reporting period?
Some accounts which were on month end 30 or month end 60 have been changed to reduced the terms to 30 days or month end 30.
Were suppliers notified or consulted about these changes before they were made?
We notified suppliers that the payment terms have been changed to allow for faster payments.
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:
We would only apply retention to supplier invoices when we have retention held by clients
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:
We would go back to back with suppliers ensuring we only held same percentage as was held by our clients.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Half of retention would be released on completion of works and the remaining half on either 12m or 24m thereafter. The accounts team will check with the commercial or engineering team for approval of release.
Is the money released in stages?
Yes:
Half on completion of works
Half either 12m or 24m later
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
26%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Invoices which are believed to be incorrect will be dealt with by accounts contacting supplier to detail the error. The invoice is posted on to the accounts software and placed on hold until resolved. At the end of each month the invoices on hold are reviewed and chased if no response/credit received.
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.
Yes
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