Company number: 03578140
and approved by Christopher Wilcox
Average time taken to pay invoices: 51 days
Invoices paid:
Invoices due but not paid within agreed terms: 18%
7 days
60 days
Suppliers are paid on the shorter of a) 12 days after the month-end following invoice receipt or b) 60 days from invoice date. Subcontractors are paid 35 days after the payment valuation is received. In some cases, subcontractors are paid weekly as standard.
Answer not provided
N/A
60 days
No further comment provided
N/A
Any disputes or inconsistencies will initially be addressed by the project surveyor (for subcontractor payments) or a purchase ledger assistant (for supplier payments). The majority of these matters are resolved such that the payment can be made within pre-agreed terms. If a resolution cannot be found through this process, an escalation process exists through line management and ultimately Directors to resolve and mediate where possible. Should this process not achieve a resolution then, in very rare circumstances, contractual dispute resolution processes are adopted.
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
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