COSTAIN LIMITED
Company Information
- Company Number
- 00610201
- Registered Address
- Costain House, Vanwall Business Park, Maidenhead, Berkshire, SL6 4UB
- Status
- Active
- Employee Count
- 3,029
- Turnover
- £1,380,135,000
- EBITDA
- £15,071,000
Additional Details
- Website
- https://costain.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 August 1958
- Nature of Business
- 42110 - Construction of roads and motorways42130 - Construction of bridges and tunnels42910 - Construction of water projects42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- Professional Services,Property,Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 22 | 82% | 15% | 3% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 20 | 85% | 12% | 3% | 13% |
| 01 Jun 2023 - 31 Dec 2023 | 30 Jan 2024 | 19 | 88% | 10% | 2% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 18 | 89% | 10% | 1% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 19 | 85% | 13% | 2% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 77% | 18% | 5% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 38 | 62% | 28% | 10% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 32 | 68% | 25% | 7% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 36 | 59% | 25% | 16% | 39% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 59 | 26% | 48% | 26% | 67% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of the contract arrangements and invoices must show the order number. Terms vary from 21 days where payment is made once the invoice is processed to 45 days from date of invoice. The most frequently used terms for suppliers in the reporting period are 30 days from the date of invoice with payment for these suppliers generally made after receipt of a statement from the supplier and a reconciliation of the account.
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
Dispute Resolution Process
Costain Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s) and typically involving members of the relevant project’s supply chain, procurement or commercial teams and the relevant accounts or accounts payable team. For major suppliers and subcontractors, Central procurement will likely be involved and, where necessary, members of management. Where it is not possible to reach agreement, usually on entitlement in relation to subcontracts, a number of potential dispute resolution methods may be used, most commonly, mediation or adjudication. If it remains impossible to reach agreement, the items may be referred for litigation.
Other Payment Information
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.
❌
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
Company Summary
COSTAIN LIMITED is a leading British construction and engineering company that provides innovative solutions for complex infrastructure projects across the UK. The company has a strong focus on sustainability and is committed to delivering projects that have a positive impact on society and the environment.
The company's sustainability program is based on three pillars: People, Planet, and Performance. Under the People pillar, COSTAIN LIMITED prioritizes the health, safety, and well-being of its employees, as well as investing in their development and diversity. The Planet pillar focuses on minimizing the company's environmental impact through sustainable design, construction, and operation of projects. And under the Performance pillar, the company aims to deliver projects that have a lasting positive impact on local communities and the economy.
COSTAIN LIMITED offers a wide range of products and services, including project management, design, construction, and maintenance for various sectors such as transportation, water, energy, and defense. The company also provides consultancy services in areas such as digital transformation, sustainability, and asset management.
The key people at COSTAIN LIMITED include CEO Alex Vaughan, who has over 25 years of experience in the construction industry, and CFO Tony Bickerstaff, who has a background in finance and strategy. The company has over 4,000 employees and works with a network of supply chain partners to deliver its projects.
The company's registered office address is located at Costain House, Vanwall Business Park, Maidenhead, Berkshire, SL6 4UB. Their website, www.costain.com, provides more information about the company's services, projects, and sustainability efforts. Overall, COSTAIN LIMITED is a reputable and responsible company that is dedicated to delivering sustainable solutions for the benefit of society and the environment.
