LUDDON CONSTRUCTION LIMITED
Company number: SC057943
Reporting period:
1 March 2026 to 31 August 2026
Report filed on:
30 September 2026
Approved by:
Kerry McCrossan
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: 38 days
Total value paid:
- within 30 days: £17,851,230 (37%)
- in 31 to 60 days: £25,319,671 (53%)
- in 61 days or more: £4,801,815 (10%)
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 56%
- 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: £6,358,574
- payments due in the reporting period which have not been paid within the agreed period: 15%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
25 days
Longest standard payment period
60 days
Standard payment terms
35 days from end of month.
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 only used in a selection of subcontractor payments.
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:
Subcontract retention is generally no more onerous than the provisions within the main contract.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retentions are released to subcontractors based on their applications for payment, in line with the agreed contract. Retentions are typically released in stages.
Is the money released in stages?
Yes:
Generally 50% is released at completion of the main contract works, with the final 50% being released at the end of the defect liability/maintenance period.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
86%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Luddon Construction are committed to dealing with our suppliers in a fair and professional manner. We aim to create close relationships withour suppliers which enables us to deal with any disputes quickly and effectively. Supplier disputes are dealt with initially by the Purchase Ledger department and the Buying department. If the dispute cannot be resolved it is then escalated to the Financial Controller and the Procurement Manager. If the dispute is still not resolved then it is escalated to a Director.
Subcontract payment disputes are dealt with initially by the Quantity Surveyor for the project. If the dispute cannot be resolved then it is escalated to the Divisional Quantity Surveyor. If the dispute is still not resolved it is escalated to the Commercial Director.
In severe cases when the dispute cannot be resolved as described above, the case will be escalated to be resolved using methods such as adjudication and 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.
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