AXIS CLC SERVICES LIMITED
Company number: 01991637
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
26 October 2026
Approved by:
JAMES STAMP
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: 30 days
Total value paid:
- within 30 days: £84,438,892 (80%)
- in 31 to 60 days: £19,220,277 (18%)
- in 61 days or more: £1,672,087 (2%)
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 45%
- 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: £6,053,170
- payments due in the reporting period which have not been paid within the agreed period: 9%
- not made in the reporting period due to a dispute: 9%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days end of month for suppliers and up to 60 days from invoice date for subcontractors. Alternative terms may be agreed on a case-by-case basis, including 30-day terms and, for qualifying sole traders, 14-day terms.
Were there any changes to the standard payment terms in the reporting period?
Reduced any new suppliers and Subcontractors to 30 days
Were suppliers notified or consulted about these changes before they were made?
Yes. New suppliers and subcontractors were notified of the applicable payment terms through the supplier application and PQQ process
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 not applied as standard across all construction contracts. They are used only in specific circumstances, where appropriate to the nature and requirements of the individual contract. Where applicable, the retention provisions, percentage and release terms are agreed as part of the relevant contract.
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?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retention amounts are recorded within our operational systems and released in accordance with the terms of the relevant contract. Release is subject to the applicable contractual milestones and commercial and operational approval as well as requiring an Invoice from the subcontractor
Is the money released in stages?
Yes:
Retention is released in accordance with the stages and dates agreed within the relevant contract, subject to the applicable contractual conditions being satisfied and the necessary commercial and operational approval.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
148%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
Disputed invoices are referred to the relevant contract manager for review and resolution. Where a dispute cannot be resolved through the normal commercial process, it may be escalated in accordance with the applicable contractual dispute resolution procedure, including legal proceedings or arbitration where appropriate.
Payments are processed through weekly payment runs, and suppliers are made aware of this payment cycle as part of the agreed payment arrangements. Payment timing is therefore aligned to the applicable weekly payment run.
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