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Company number: 00670176

Reporting period:
1 August 2022 to 31 January 2023

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

This report was filed on 1 March 2023

and approved by Keith Adey

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

Invoices due but not paid within agreed terms: 16 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

­ Subcontractors – subcontractors are required to make applications for payment within the applicable applications window. Subcontractors may make bi-monthly or monthly applications for payment as set out in the order. Where no frequency of applications is set out in the order, the subcontractor may only make monthly applications for payment. When the application for payment is received within the application window, payment will be made within 30 days of the date of receipt of the application.

­Suppliers/consultants – Payment of each invoice is either:

-at the end of the calendar month after the month during which the relevant and properly prepared and submitted invoice is received by Bellway; or

- 30 days from receipt by Bellway of a valid and properly submitted VAT invoice.

­The payment term for suppliers and subcontractors with less than 50 employees is 30 days.

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


Maximum contractual payment period agreed

60 days

Any other information about payment terms


Dispute resolution process

When there are queries or if a dispute arises between the parties, Bellway will attempt to resolve them as soon as possible with the other party. If a dispute is not being resolved in a timely manner this will be escalated by Bellway to ensure a fair resolution is achieved.

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?