IAN WILLIAMS LIMITED
Company number: 00879464
Reporting period:
6 April 2026 to 5 October 2026
Report filed on:
4 November 2026
Approved by:
Jayne Cox
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: 19 days
Total value paid:
- within 30 days: £37,944,896 (78%)
- in 31 to 60 days: £9,445,441 (19%)
- in 61 days or more: £1,161,197 (2%)
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 15%
- 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: £1,161,197
- payments due in the reporting period which have not been paid within the agreed period: 2%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
40 days
Standard payment terms
Purchase ledger: 40 days end of month
Subcontractor ledger: 14 to 30 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
40 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 used with our subcontractors and typically at 5% of contract value, through agreement with the subcontractor during onboarding or set up of a new agreement. The terms will typically match those on the customer contract the subcontractor will be working on, when clauses are applied.
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?
Yes:
Our policy is back to back retention administration, matching the main customer contract.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
50% is released on Practical Completion of the job. The remaining 50% is released following the end of the Defects Liability Period, subject to agreement.
Is the money released in stages?
Yes:
Yes, 50% on Practical Completion and the remaining 50%, subject to agreement and successful completion, following the end of the Defects Liability 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
63%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Ian Williams actively seeks to resolve disputes by discussing any invoice queries directly with the supplier. A formal request for a credit note is issued if this is required. Our procurement team hold regular meetings with our suppliers to prevent any invoice/price discrepancies. All the prices are agreed and fixed in advance with the supplier and uploaded to our systems. The business also operates a no purchase order, no pay policy. Invoices received which do not quote a valid purchase order number are rejected and returned 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.
Yes
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