| 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 | 03 Feb 2026 | 30 | 65% | 24% | 11% | 40% |
| 01 Jan 2025 - 30 Jun 2025 | 14 Aug 2025 | 26 | 70% | 28% | 2% | 33% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 31 | 79% | 18% | 3% | 17% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 27 | 68% | 31% | 1% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 26 | 77% | 22% | 1% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 24 | 78% | 20% | 2% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 20 | 80% | 19% | 1% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 23 | 76% | 20% | 4% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 24 | 66% | 32% | 2% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 22 | 73% | 26% | 1% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 26 | 67% | 31% | 2% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 26 | 65% | 32% | 3% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 22 | 74% | 25% | 1% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 24 | 73% | 24% | 3% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 23 | 74% | 25% | 1% | 18% |
| 01 Jul 2017 - 31 Dec 2017 | 03 May 2018 | 23 | 73% | 26% | 1% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
In respect of any contracts for goods and/or services where Barratt Redrow 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 correctly invoiced by this date, payment shall be made on the last working day of the month following the month in which it has been correctly invoiced by the supplier.
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
Adjudicator "The Adjudicator" in the Contract means such person the Company and the Contractor choose by mutual agreement or such other person as may be appointed from time to time by the President or the Vice President of the Royal Institution of Chartered Surveyors. Adjudication Any dispute or difference arising under or in connection with the Contract may be referred to adjudication in accordance with the Scheme for Construction Contracts SI 1998 No 649 ("Scheme") except that: the Responding Party to any adjudication shall have a minimum of 14 days from receipt of the Referral Notice to respond to the Referral Notice; the parties agree that the Adjudicator shall have jurisdiction to consider and determine any matter raised by the Company in its response to a Referral Notice served by the Contractor, including but not limited to, any counterclaims, set offs or abatements which the Company might raise in its response, notwithstanding the fact that the Company may have failed to serve a notice of intention to pay less pursuant to section 111 of the Housing Grants, Construction and Regeneration Act 1996 ("Act") and/or a Pay Less Notice pursuant to clause 14.13 of this Agreement; the Adjudicator shall be required to give detailed reasons in support of its decision, including stating expressly what evidence he has relied upon and what evidence he has discounted and why, in making its decision. The Adjudicator shall apply the usual rules of evidence for civil proceedings; provided always that if any provision of this clause 24.2 is or becomes to any extent invalid or unenforceable under any applicable law (including a failure to comply with the requirements of the Act), then such provision shall be severed and the remainder of the provisions of clause 24.2 shall continue in full force and effect. Decision The Adjudicator's decision is binding until the dispute or difference is finally determined by legal proceedings as provided in clause 24.4. Litigation Any dispute arising out of, under or in connection with the Contract either during the progress of or after the completion or abandonment of the Contract Works or after termination shall be determined by legal proceedings. The parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (whether contractual or non contractual) that arises out of or in connection with the Contract. Applicable Law This Contract and any non-contractual obligations arising out of it shall be governed by and construed in accordance with the laws of England and Wales. Limitation No action or proceedings may be commenced against the Contractor for any breach of this Contract after the expiry of the Limitation Period. For the avoidance of doubt, the Contractor shall not raise a defence pursuant to the Limitation Act 1980 in respect of any action or proceedings commenced under this Contract within the Limitation Period. Amendment, Severability, non-Waiver and Entire Agreement Amendment No amendment to the Contract shall be binding unless authorised in writing by the Company. Severability If one or more of the provisions of the Contract are or become to any extent invalid or unenforceable under any applicable law, then the remainder of the Contract shall continue in full force and effect. Non Waiver The allowance of time or any other indulgence or non-enforcement by the Company in respect of its rights or any matter will not affect or prejudice or be taken as a waiver of the rights of the Company. Entire Agreement The Contract constitutes the whole agreement between the parties and supersedes all previous agreements between the parties relating to its subject matter. Each party acknowledges that, in entering into the Contract, it has not relied on, and shall have no right or remedy in respect of, any statement, representation, assurance or warranty (whether made negligently or innocently) other than as expressly set out in the Contract. Nothing in this clause shall limit or exclude any liability for fraud.
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Barratt Developments P L C is a leading UK-based residential property development company. Founded in 1958, it has grown to become one of the largest and most successful housebuilders in the country.
The company's core activities include acquiring land, obtaining planning permission, and constructing high-quality homes for sale. They have a diverse portfolio of projects ranging from small apartments to large family homes, catering to a wide range of customers.
Barratt Developments is committed to sustainability and has implemented a number of initiatives to reduce their environmental impact. This includes using sustainable materials in their construction, implementing energy-efficient designs, and promoting sustainable living to their customers.
Their flagship sustainability program, known as "Building a Better Barratt," focuses on four key areas: environmental sustainability, customer satisfaction, employee well-being, and community engagement. Through this program, the company aims to reduce carbon emissions, promote green spaces, and support local charities and community projects.
The company is led by a team of experienced and dedicated professionals, including the CEO David Thomas, who has been with Barratt since 1987. They are supported by a workforce of over 6,000 employees, who are committed to delivering high-quality homes and exceptional customer service.
Barratt Developments has a strong online presence, with their official website (www.barrattdevelopments.co.uk) providing comprehensive information about their products, services, and sustainability efforts. The company's registered office address is Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire, LE67 1UF.
In conclusion, Barratt Developments P L C is a reputable and sustainable property development company, offering a wide range of high-quality homes and committed to making a positive impact on the environment and the community.