GOV.UK
ESH CONSTRUCTION LIMITED
Company number: 02529939
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 18 August 2020
and approved by Mark Sowerby
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 55%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 6 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
For subcontractors, standard terms are 45 days. However, there is flexibility depending on the nature of the subcontractor, subject to Commercial Manager and /or Commercial Director approval with days varying from 7 to 45 days.
For suppliers, standard terms are for payment to be made by the end of the month following invoice receipt.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
For subcontractors, Esh Construction follow industry-wide processes including where necessary the issue of a ‘Pay Less Notice’ outlining reasons for the valuation variance. We strive to resolve queries and disputes on a timely basis and in a collaborative manner. In most circumstances, our commercial staff will resolve a dispute directly with the subcontractor without the need for subject matter experts or legal counsel.
For suppliers, disputes are coordinated by our Procurement Team who will liaise with the appropriate business function, with the aim of resolving any disputes in a timely manner.
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.Yes – Prompt Payment Code
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