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Company number: 03709861

Reporting period:
1 April 2021 to 30 September 2021

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

This report was filed on 27 October 2021

and approved by Russell Collins

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

Invoices due but not paid within agreed terms: 18 %

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 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 on the next payment run.
We currently make 2 payments per month for Subcontractors and Suppliers.

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


Maximum contractual payment period agreed

61 days

Invoices falling due between payment dates will by definition be overdue when paid. Our Suppliers are aware of this practice although it is not written into formal agreements.

Any other information about payment terms


Dispute resolution process

Any disputes with any payments are passed to the Purchase Ledger Team who then liaise with the Procurement /Commercial teams to resolve the matter directly with the Supplier.

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?