Ranked in 5 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 87.6/100 qualifies for PaymentCheck Certification
| 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 | 20 | 84% | 12% | 4% | 15% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 22 | 82% | 15% | 3% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 31 | 88% | 10% | 2% | 14% |
| 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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 19 | 88% | 10% | 2% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 19 | 85% | 13% | 2% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 21 | 84% | 13% | 3% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 77% | 18% | 5% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 32 | 69% | 22% | 9% | 26% |
| 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 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 53 | 29% | 47% | 24% | 61% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 59 | 26% | 48% | 26% | 67% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of the contact arrangements and invoices must show the order number. Terms vary from 21 days where payment is made as close to the payment date as possible whilst still being within terms to 45 days days from the date of invoice. The most frequently used terms for suppliers in the reporting period is 30 days from the day 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
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.
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
Costain Limited was formerly known as Costain Civil Engineering Limited, changing its registered name in 1999. Its registered SIC codes cover the construction of roads and motorways, bridges and tunnels, water projects, and other civil engineering works. Companies House filings show it as part of a wider corporate structure, with Costain Civil Engineering Limited recorded as a person with significant control. The company is active, incorporated in 1958, and files annual accounts and confirmation statements. Based on the registered business classifications, the entity operates within the UK civil engineering and infrastructure construction sector, undertaking works such as roads, bridges, tunnels and water-related civil engineering projects.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk