Published reports

JOHN DEWAR AND SONS LIMITED

Company number: 00613551

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

Reporting period:

1 April 2025 to 30 September 2025

Report filed on:

31 October 2025

Approved by:

Matthew Bishop

Contracts and payments

Do any of this business's construction contracts with its suppliers include retention clauses? Yes

Payment statistics

Average time taken to pay invoices: 103 days

Total value paid:

within 30 days: £15,904,469 (14%)
in 31 to 60 days: £7,755,782 (7%)
in 61 days or more: £87,799,250 (79%)

Invoices paid:

within 30 days: 16%
in 31 to 60 days: 9%
in 61 days or more: 75%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £14,218,989
payments due in the reporting period which have not been paid within the agreed period: 11%

Payment terms

Shortest standard payment periods

90 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms are currently 90 days end of month from receipt of the invoice

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

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

180 days

No further comment provided

Any other information about payment terms

N/A

Retention clauses

How does this business use retention clauses?

Retention clauses are used in specific circumstances:

Retention clauses may be included in higher value qualifying contracts in line with the industry standard or contracts were we would expect there will be snagging after practical completion. Although no firm threshold or policy is followed

Does this business only use retention clauses in construction contracts above a specific contract sum?

Does this business use a standard percentage rate in retention clauses?

Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?

Releasing money under a retention clause

Process for releasing money this business has deducted or retained under a retention clause

The process would be defined in our contracts. Typical process would be to release retention 12 months (defects correction period) after practical completion subject to satisfactory completion of snagging (defects correction). Sometimes contracts allow for half the retention to be released on practical completion with the other half retained for the defects correction period. Sometimes early release of retention is agreed as part of negotiating the final account.

Is the money released in stages?

Yes:

Refer to response above

Amount retained from suppliers in the reporting period

Amount retained stated as a percentage of the money retained from this business by its clients

Amount retained stated as a percentage of the total construction payments made by this business

Dispute resolution process

All queries regarding payment of invoices should be emailed to the accounts payable department at mhelpdesk@bacardi.com and should be responded to within 48 hours. Queries regarding volume of work done is disputed by the account manager of the supplier.

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 Fair 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.

Yes

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.

Yes

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?