OMEGA PLC
Company number: 02700038
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
19 October 2026
Approved by:
David Hendry
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: 33 days
Total value paid:
- within 30 days: £6,856,534 (44%)
- in 31 to 60 days: £5,828,944 (38%)
- in 61 days or more: £2,819,659 (18%)
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 39%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £8,102,522
- payments due in the reporting period which have not been paid within the agreed period: 50%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are typically 30 days End of Month, however we operate with a range of supplier terms which are individually negotiated with our suppliers, which range up to a maximum of 90 days.
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
No further comment provided
Dispute resolution process
Quality disputes are handled by a dedicated Quality team, who collate the relevant information regarding the dispute including any relevant evidence, and submit a formal Supplier Corrective Action Report to the Supplier, as soon as the quality issue becomes apparent. The supplier will then liaise with the Quality team to reach a resolution for the complaint.
Quantity or other disputes are handled by the dedicated Purchasing Team.
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