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Company number: 00892832

Reporting period:
1 June 2021 to 31 December 2021

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

This report was filed on 27 January 2022

and approved by Rachel Kentleton

Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

Invoices due but not paid within agreed terms: 11 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

45 days

Standard payment terms

St. Modwen Developments Ltd’s standard supplier payment terms are ’45 days from date of invoice’. Subcontractor suppliers are paid more quickly in line with their contract. Payment of any amount ascertained in accordance with the Contract under an
Interim Application (if any) to the Contractor shall become due 28 days after the Application Date ("Payment Due Date"). St. Modwen Developments Ltd is committed to supporting SMEs which are therefore paid on shorter terms, between 14 and 30 days.

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


Maximum contractual payment period agreed

45 days

Any other information about payment terms

As per the Prompt Payment Code we aim to pay all suppliers with less than 50 employees within 30 days of receipt of a compliant invoice, i.e. quoting the correct Purchase Order number

Dispute resolution process

St. Modwen Developments Ltd is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. If a dispute arises the parties will attempt, in good faith, to reach settlement as soon as possible. If the dispute is not resolved it shall be referred to expert determination.

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.


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?