KANE GROUP BUILDING SERVICES LTD
Company number: NI047173
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
2 November 2026
Approved by:
Aine McEvoy
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: 28 days
Total value paid:
- within 30 days: £35,108,375 (75%)
- in 31 to 60 days: £8,534,364 (18%)
- in 61 days or more: £3,025,853 (6%)
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 19%
- in 61 days or more: 6%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,378,325
- payments due in the reporting period which have not been paid within the agreed period: 7%
- not made in the reporting period due to a dispute: 27%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 30 or 60 days from the end of the month, depending on the nature of the contract and supplier negotiations.
Subcontractor payment terms are typically 14, 28 or 45 days, depending on contractual terms.
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
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 included in standard payment terms.
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: 5%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
Kane Group's practice is to ensure that retention terms applied to qualifying construction contracts with subcontractors are no more onerous than the retention terms applied to Kane Group by its client on the same project
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retention monies are released in accordance with the terms of the relevant subcontract. Once the applicable contractual requirements or milestones for release have been satisfied, the retention release is reviewed and approved by the relevant Commercial team. Following approval, the amount due is processed for payment.
Is the money released in stages?
Yes:
Retention is released in stages in accordance with the relevant subcontract terms and contractual milestones. Each stage is released once the applicable contractual conditions have been met and the release has been approved.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
66%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
Suppliers and subcontractors should raise any payment dispute or concern with the Accounts Payable team. The matter will be investigated with the appropriate internal department, which may include Commercial, Procurement or the relevant project team depending on the nature of the dispute. Any additional information or supporting documentation required will be obtained and reviewed. Once the dispute has been resolved and the amount due has been agreed and approved, payment will be processed in accordance with the applicable payment terms.
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