MJL CONTRACTORS LIMITED
Company number: 05689614
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
2 November 2026
Approved by:
Nicholas Jose
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: 47 days
Total value paid:
- within 30 days: £13,413,922 (30%)
- in 31 to 60 days: £21,438,975 (48%)
- in 61 days or more: £10,086,140 (22%)
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 48%
- in 61 days or more: 22%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £9,717,662
- payments due in the reporting period which have not been paid within the agreed period: 13%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
5 days
Longest standard payment period
89 days
Standard payment terms
MJL has varying agreements and each depends on the company and or agreement for cleared invoices, starting at 5 days for some agencies to 60 days from the 1st of the month following invoice. the latter means an invoice dated the first of the month could not be paid until 89 days later but still falls within the agreed payment due date.
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
89 days
60 days from the 1st of the month following invoice. the latter means an invoice dated the first of the month could not be paid until 89 days later but still falls within the agreed payment due date.
Any other information about payment terms
n/a
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
retentions are held based on the contractors and the agreement with them. Due to the amount of work subcontracted some subcontractors have a capped limit which encompasses all work undertaken on our behalf.
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?
Yes: 3%
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
Retentions are claimed. Then the account / work is revised and the agreed amount is released. Where the retention is held over multiple sites it is held at an agreed cap and no further retention is held on the supplier. Our contracts state the retention held encompasses, covers all work by the supplier even where on different sites.
Is the money released in stages?
Yes:
6 months and 12 months from end of contract phase.
some contracts are in phases where the complete site can be up to 10yrs in construction.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
2%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
queries are raised with the supplier, at the latest within 5 days following month end after internal checking against PO , delivery notes etc. This is then communicated to the supplier. This is then resolved through discussion with credit notes , proof of delivery etc. once cleared the payment is then put into the next available pay run or if agreed caught within the next scheduled payment to the supplier.
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