BJF CONNECTIONS LTD
Company number: 06056699
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
29 October 2026
Approved by:
STEVEN FOSTER
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: 57 days
Total value paid:
- within 30 days: £5,368,696 (15%)
- in 31 to 60 days: £21,374,846 (60%)
- in 61 days or more: £8,816,616 (25%)
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 42%
- in 61 days or more: 43%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £19
- payments due in the reporting period which have not been paid within the agreed period: 81%
- not made in the reporting period due to a dispute: 2%
Payment terms
Shortest standard payment periods
35 days
Longest standard payment period
90 days
Standard payment terms
Subcontractors on construction projects have a payment schedule which is mostly 35 days from due date (or 35 from end of month).
Our wholesale accounts are all on longer agreements up to 75 days 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
75 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:
On larger schemes where the end client will hold retention as part of the main contract
Does this business only use retention clauses in construction contracts above a specific contract sum?
Yes: £5,000
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
The contractor would apply for practical completion of their works and assuming complete then half retention would be released. Then they would apply post defects period and the remainder is released.
Is the money released in stages?
Yes:
As per main contract. Half at practical completion and remainder post defects 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
65%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
Any query, complaint or dispute relating to an invoice or payment is reviewed promptly by the relevant operational or commercial team, with support from the Finance team where appropriate.
We aim to identify the nature of the issue, obtain any necessary supporting information and work with the supplier to resolve the matter as quickly as practicable. Suppliers will be informed where further information or clarification is required.
Where a matter cannot be resolved through the usual operational or finance channels, it will be escalated to the appropriate senior manager or director for review and resolution.
Our objective is to resolve disputes fairly and promptly and to avoid unnecessary delays to payments that are properly due.
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