Company number: 04828168
and approved by Edward Farnsworth
Average time taken to pay invoices: 396 days
Invoices paid:
Invoices due but not paid within agreed terms: 90%
7 days
60 days
Standard Payment terms for qualifying contracts is 30 days. L&Q New Homes Limited’s standard payment terms is to make payment within 30 days from receipt of a valid invoice. Subcontractor suppliers are paid in line with their contract, which may be more quickly.
Answer not provided
N/A
60 days
No further comment provided
N/A
L&Q New Homes Limited aims to resolve all disputes promptly. This will normally be by contacting the supplier and resolving any issues.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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.
No
No
No