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Company number: 02275441

Reporting period:
1 April 2020 to 30 September 2020

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

This report was filed on 11 November 2020

and approved by Colin Wood

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

Invoices due but not paid within agreed terms: 16 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

61 days

Standard payment terms

Materials and overheads: Standard payment terms are 30 days following the month that a VAT invoice is received and approved.
Subcontractors: Subcontractors are required to make applications for payment on a monthly basis. Provided the application for payment is received ahead of the deadline, payment will be made 14 days, 30 days, 45 days or 60 days from the end of the month that the application is received and approved.

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


Maximum contractual payment period agreed

61 days

Any other information about payment terms

Invoices falling due between payment dates will, by definition, be overdue when paid. Suppliers are aware of this practice although it is not written into formal agreements. In total, 91% of payments were made within 75 days of receipt of invoice or application.

Dispute resolution process

Disputes are dealt with by the regional and/or group finance team(s).

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?