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Company number: 09703220

Reporting period:
1 July 2018 to 31 December 2018

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 31 January 2019

and approved by PJ Barrett

Payment statistics

Average time taken to pay invoices: 18 days

Invoices paid:

Invoices due but not paid within agreed terms: 34 %

Payment terms

Shortest standard payment period

29 days

Longest standard payment period

30 days

Standard payment terms

a. The length of time taken to pay invoices is determined by the payment terms laid down by our suppliers. We do two payment runs per month, including all authorised and due invoices at that time. Payment is by BACS. In addition, those invoices falling under the CIS scheme are paid manually by bank transfer within the due date requested. b. Our maximum terms would be those dictated by our suppliers. c. We have not changed any standard payment terms in the period.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

30 days

Any other information about payment terms


Dispute resolution process

ii. We are a small business, with all departments based locally in East Kent. Communication is fluid and informal, with suppliers being able to contact the business easily. Invoice disputes are resolved in the first instance within our Construction Manager, who is very hands on and has a detailed order register. He will then request further details,

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?