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P.J. CAREY (CONTRACTORS) LIMITED

Company number: 01460224

Reporting period:
1 October 2019 to 31 March 2020


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

This report was filed on 30 April 2020

and approved by Thomas Noel Carey

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

  • within 30 days: 53%
  • in 31 to 60 days: 21%
  • in 61 days or more: 26%

Invoices due but not paid within agreed terms: 50%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

76 days

Standard payment terms

The Company’s payment terms can vary by contract and supply type, however our standard payment terms for supplier payments are 45 days end of month from Invoice date. Subcontract payment terms are dependent on the specific requirements of individual projects.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

76 days

We operate on standard payment terms unless specifically agreed between our supplier and our Group Head of Procurement.

Any other information about payment terms

N/A

Dispute resolution process

At P.J. Carey Contractors Ltd, we strive to resolve payment queries in a timely basis. We are committed to dealing fairly with and promptly paying our suppliers and subcontractors. The method of dispute resolution used will depend on the nature of the query. In respect of our subcontractors, the dispute will be dealt with by the relevant project team who will negotiate with our subcontractor until the issue is resolved and payment is made. In respect of disputes with our suppliers, our Accounts Payable team will expedite a resolution assisted by our Procurement and relevant site teams. Should formal resolution be required, which is extremely unlikely, methods such as mediation may be used.

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, 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.

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