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Company number: 00701982

Reporting period:
1 September 2019 to 29 February 2020

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

This report was filed on 31 March 2020

and approved by M MUCKLESTONE

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

Invoices due but not paid within agreed terms: 35 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

62 days

Standard payment terms

Suppliers :
Net Monthly or End of Month following tax point of invoice

Subcontractors :
Standard JCT/NEC contract terms (typically 35 to 42 days)

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


Maximum contractual payment period agreed

62 days

Any other information about payment terms


Dispute resolution process

Suppliers :
Material Deliveries - If there is no record of a delivery being made, proof of delivery is requested by the accounts dept.
Incorrect Price - If goods are charged at a different rate to ordered, the buying dept. will contact the supplier to resolve.

Sub-Contractors :
Where dispute arises, the Project QS will liaise with the sub-contractor to resolve.

For both suppliers and subcontractors if the dispute cannot be resolved through the normal process as detailed above the matter will be escalated internally to either the group accountant, finance director or regional director dependant upon the nature of the dispute.

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?