BARRATT REDROW PLC

Company number: 00604574

Reporting period:
1 July 2024 to 31 December 2024


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

This report was filed on 29 January 2025

and approved by M Scott

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

  • within 30 days: 79%
  • in 31 to 60 days: 18%
  • in 61 days or more: 3%

Invoices due but not paid within agreed terms: 17%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

In respect of any contracts for goods and/or services where Barratt Redrow plc (‘plc’) (formerly known as Barratt Developments PLC) is the contracting entity it will pay for such goods/services on the last working day of the month following the month in which the goods and services are delivered provided always that it has been correctly invoiced by the Supplier and has received the invoice by the last working day of the month in which the goods/services were delivered. If plc has not been invoiced by this date, payment shall be made on the last working day of the month following the month in which it has been invoiced. Note: For the avoidance of doubt the information contained in this Return is only in respect of and relates to that of Barratt Developments PLC until 31st December 2024 save and except for that relating to Redrow Group PLC (now known as Redrow Limited).

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

For both plc and BDW contracts, if a dispute arises between the parties, the parties will attempt, in good faith, to reach settlement as soon as possible between the Barratt Redrow Contact and the Supplier Contact (who shall be authorised to settle such a dispute). This dispute resolution procedure will be followed prior to commencing any legal proceedings. Note: For the avoidance of doubt the information contained in this Return is only in respect of and relates to that of Barratt Developments PLC until 31st December 2024 save and except for that relating to Redrow Group PLC (now known as Redrow Limited).

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, this business has signed up to: 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.

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