GOV.UK
DURKAN LIMITED
Company number: 00997195
Reporting period:
1 December 2018
to 31 May 2019
This report was filed on 17 July 2019
and approved by Ronan Murphy
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 43%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Subcontractors – subcontractors are required to make applications for payment within the applicable applications window. Subcontractors may make bi-monthly or monthly applications for payment as set out in the subcontract order. Where no frequency of applications is set out in the subcontract order, the subcontractor may only make monthly applications for payment. When the application for payment is received within the application window, payment will be made between 14 and 30 days of the date of receipt of the application, as per the contractual terms.
Suppliers/consultants – Payment of each invoice is either:
- at the end of the calendar month after the month during which the relevant and properly prepared and submitted invoice is received by Durkan; or
- 30 days date of a valid and properly submitted VAT invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
At the end of the calendar month after the month during which the relevant and properly prepared and submitted invoice is received.
Any other information about payment terms
N/A
Dispute resolution process
At the end of the calendar month after the month during which the relevant and properly prepared and submitted invoice is received.
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.No
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