Published reports

LIBERTY GAS GROUP LIMITED

Company number: 04242416

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2026 to 30 June 2026

Report filed on:

14 October 2026

Approved by:

Paul Threader

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: 79 days

Total value paid:

within 30 days: £6,618,469 (27%)
in 31 to 60 days: £8,345,971 (34%)
in 61 days or more: £9,696,547 (39%)

Invoices paid:

within 30 days: 27%
in 31 to 60 days: 34%
in 61 days or more: 39%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £8,039,183
payments due in the reporting period which have not been paid within the agreed period: 42%
not made in the reporting period due to a dispute: 31%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

Payment terms range from 7 to 60 days end of month

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

for some suppliers our terms are 60 days end of month which can give us up to 90 day terms depending on when the invoice is dated/received

Any other information about payment terms

Our standard payment terms range from 7 days to 60 days end of month (ie. 60-90 days).
We operate an automated invoice upload process for some of our high volume suppliers who are on 60-day end of month terms
During the reporting period there was an issue with our invoice upload process and interfaces into our system which resulted in a number of invoices being processed late. Although these were subsequently paid as soon as the error was rectified, it has had a detrimental effect to our reported numbers in the period.
This issue has been rectified and we will see the resulting improvement on the next return

Dispute resolution process

All complaints go through the finance team and disputes are acknowledged within 3 days

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.

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?

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