The average time taken for CLUGSTON CONSTRUCTION LIMITED to pay invoices has remained relatively stable over the past three periods, with only a 2-day decrease in the most recent period.
The volatility in CLUGSTON CONSTRUCTION LIMITED's payment patterns can be seen in the fluctuations of the percentages of invoices paid between 31 and 60 days and later than 60 days. These percentages have changed by more than 10% in the second period and by 8% in the most recent period.
For CLUGSTON CONSTRUCTION LIMITED, the average time taken to pay invoices has decreased slightly from 32 days in the first period to 30 days in the most recent period.
| 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 |
|---|---|---|---|---|---|---|
| 27 Jan 2019 - 27 Jul 2019 | 30 Aug 2019 | 30 | 61% | 32% | 7% | 19% |
| 29 Jul 2018 - 26 Jan 2019 | 28 Feb 2019 | 30 | 44% | 44% | 12% | 28% |
| 28 Jan 2018 - 28 Jul 2018 | 16 Aug 2018 | 32 | 65% | 29% | 6% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently used payment terms for Clugston Construction Ltd are 45days
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
Clugstons actively seeks to resolve disputes by discussing them with the relevant supplier(s), management team and / or commercial teams. Supplier statements are reconciled regularly and every effort is made to ensure all missing invoices are investigate.
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
CLUGSTON CONSTRUCTION LIMITED is a liquidation private limited company, incorporated on 25 January 1961, based in the Yorkshire and The Humber region. Registered business activity: Construction of commercial buildings.
From Companies House records.