Industry ranking
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 33 | 47% | 52% | 1% | 11% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 32 | 64% | 35% | 1% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 29 | 77% | 23% | 0% | 37% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 33 | 66% | 33% | 1% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 25 | 96% | 3% | 1% | 32% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 29 | 87% | 8% | 6% | 50% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 26 | 86% | 12% | 2% | 43% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 23 | 89% | 8% | 3% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 30 | 87% | 10% | 3% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 29 | 87% | 10% | 3% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 31 | 89% | 9% | 2% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard terms vary according to the type of supply as follows: Sub-Contractors – 45 or 30 days from assessment date. Applications are requested up to 5 days before the assessment date. General Suppliers & Consultants – 30 days from date of invoice Suppliers of major materials – 30 days from end of month of supply
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Wates seeks to avoid disputes by discussing matters directly with the relevant supplier. All standard agreements set out a dispute resolution process. In the first instance contact is with the accounts payment team or commercial staff responsible for the matter. If it cannot be resolved at that level there is an escalated negotiation option involving a senior member of the business team. If the matter cannot be resolved at that senior level the preference is to refer to some form of ADR (mediation, expert determination, etc.) but adjudication or legal proceedings may be used.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Wates Group Services Limited is a registered entity within Wates Group, a UK family-owned business operating across development, construction, engineering and property services. Companies House records this entity's nature of business as other business support service activities, indicating it functions as an internal support or administrative company within the wider Wates Group rather than as a trading construction business itself. The wider Wates Group, now in its fourth generation of family ownership, reports turnover of £2.56bn and employs 6,000 people, working across sectors including housing, education, healthcare, defence and retail through its various operating businesses such as Wates Construction, Wates Residential and Wates Smartspace.
Generated from the company's website and Companies House records. Sources: wates.co.uk · wates.co.uk