ANWYL CONSTRUCTION COMPANY LIMITED
Company number: 00435323
Reporting period:
1 July 2024 to
31 December 2024
This report was filed on 6 January 2025
and approved by Sarah Jones
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 67%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 29%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
62 days
Standard payment terms
30 days from the end of the month of the invoice date. We also have weekly paid subcontractors who provided the application is received by the last working day of the week are paid 7 days from the receipt of application.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Queries or disputes should be raised with the Quantity Surveyor in charge of the site. These can then be communicated to the purchase ledger/accounts team. Any remaining dispute can then be escalated to the management team if required. In respect of the construction contracts either party may refer any dispute 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 of England and Wales.
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.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No