Published reports

ESH CONSTRUCTION LIMITED

Company number: 02529939

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

Reporting period:

1 June 2022 to 31 December 2022

Report filed on:

5 February 2023

Approved by:

Andy Radcliffe

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

within 30 days: 35%
in 31 to 60 days: 62%
in 61 days or more: 3%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 3%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

Answer not provided

Standard payment terms

For subcontractors, standard terms are 45 days. However, there is flexibility depending on the nature of the subcontractor, subject to Commercial Manager and /or Commercial Director approval with days varying from 7 to 45 days. For suppliers, standard terms are for payment to be made by the end of the month following invoice receipt.

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

45 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

For subcontractors, Esh Construction follow industry-wide processes including where necessary the issue of a ‘Pay Less Notice’ outlining reasons for the valuation variance. We strive to resolve queries and disputes on a timely basis and in a collaborative manner. In most circumstances, our commercial staff will resolve a dispute directly with the subcontractor without the need for subject matter experts or legal counsel.

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.

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.

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.

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?