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Company number: 00800384

Reporting period:
1 July 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 28 January 2022

and approved by Mark Farnham

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

Invoices due but not paid within agreed terms: 44 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

91 days

Standard payment terms

Purchase Ledger (supplier payments) - Payment unless stated otherwise in the Purchase Order will be made on the third working day of the second month following receipt of invoice provided the goods have been delivered and all requisite contract documentation submitted in accordance with the contract prior to receipt of the said invoice.
Sub-contract Ledger - Our standard payment terms are variable and between 30 and 60 days from the measured to date dependent on the subcontract agreement.

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


Maximum contractual payment period agreed

91 days

Any other information about payment terms

The statistical information provided includes payments to both purchase ledger and sub contract suppliers.

Dispute resolution process

Vistry Partnerships Limited would endeavour to resolve queries and disputes in a fair and timely manner which satisfies all parties and maintains a good customer/supplier relationship. Queries are dealt with onsite or by the purchasing department in the first instance. If an agreement cannot be made it would then be escalated to the Management - Finance team for further investigation. Disputes which cannot be resolved are referred to adjudication to be determined under the Scheme for Construction Act Regulations 1996. If the dispute cannot be resolved in accordance with normal procedures and whether there has been adjudication or otherwise the dispute will be determined by litigation in the Courts in England, adopting English Law.

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?