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Company number: 02539870

Reporting period:
1 October 2017 to 31 March 2018

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

This report was filed on 1 May 2018

and approved by Philip Byrom (CFO)

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

Invoices due but not paid within agreed terms: 3 %

Payment terms

Shortest standard payment period

60 days

Longest standard payment period

65 days

Standard payment terms

The standard payment terms for purchase ledger are payment at the end of the month following date of invoice. The standard payment terms for the sub-contract ledger are for payment within 60 days from receipt of invoice.

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


Maximum contractual payment period agreed

65 days

Any other information about payment terms


Dispute resolution process

Purchase Ledger - We have an Accounts team who process and query invoices in a timely manner. Queries are discussed with our own site team, Buying department and the supplier's themselves.
Sub-contract Ledger - There is an Accounts team who deal with the day to day queries, but it is a requirement of the appropriate quantity surveyor to issue payment notices to each sub-contractor. If we are unable to resolve a dispute, the sub-contract adjudication process is followed.

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?