SKANSKA UK PLC
Company Information
- Company Number
- 00784752
- Registered Address
- 1 Hercules Way, Leavesden, Watford, United Kingdom, WD25 7GS
- Status
- Active
- Employee Count
- 3,435
- Turnover
- £1,400,222,000
- EBITDA
- £46,907,000
Additional Details
- Website
- https://mindenhurst.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 16 December 1963
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property,Infrastructure And Construction
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Over the past five years, SKANSKA UK PLC has shown a fluctuating trend in their average time to pay invoices. From 2018 to 2021, there was a steady increase in the average time to pay, with a peak in 2020 at 67 days. However, in 2022 and 2023, there was a significant decrease in the average time to pay, reaching a low of 28 days.
Volatility Analysis
There is a high level of volatility in SKANSKA UK PLC's average time to pay over the past five years. The average time to pay has ranged from 28 days to 67 days, showing a fluctuation of 39 days.
Summary Analysis
From 2018 to 2023, SKANSKA UK PLC's average time to pay invoices has ranged from 28 days to 67 days, with an overall average of 47 days. There has been a general trend of increasing average time to pay until 2022, where there was a significant decrease. The company's best period for paying invoices was in 2023, where 78% of invoices were paid within 30 days. The worst period for SKANSKA UK PLC was in 2020, where 27% of invoices were paid later than 60 days.
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 | 29 Jul 2025 | 24 | 84% | 14% | 2% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 28 | 78% | 15% | 7% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 30 | 78% | 13% | 9% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 33 | 64% | 23% | 13% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 11 Jul 2022 | 42 | 72% | 21% | 7% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 50 | 58% | 24% | 18% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 59 | 49% | 41% | 10% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 67 | 33% | 40% | 27% | 25% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Jul 2020 | 61 | 49% | 36% | 15% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Jan 2020 | 46 | 45% | 47% | 8% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 52 | 49% | 44% | 7% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 54 | 52% | 44% | 4% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 51 | 50% | 44% | 6% | 10% |
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
Skanska has a standard payment term of 30 days Net following the date the invoice/application was created in the system.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Payments made to <50 employee companies: 0-30 days: 78% 31-60 days: 17% 61+ days: 5%
Maximum contractual payment period agreed
30
Dispute Resolution Process
Skanska actively seeks to resolve disputes, typically involving members of the accounts payable and the procurement and commercial teams and where necessary members of the relevant management team. Where discussions are unable to reach a resolution, a number of potential dispute resolution methods (for example, mediation, adjudication) are available and may be implemented by either side where deemed appropriate.
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
SKANSKA UK PLC is a leading construction and development company based in the United Kingdom. The company is committed to sustainability and has a strong focus on integrating sustainable practices into their operations.
SKANSKA UK PLC offers a wide range of construction and development services, including building, civil engineering, commercial and residential development, and facilities management. They also specialize in infrastructure projects such as transportation, energy, and water.
The company has a strong sustainability program in place, with a goal to achieve carbon neutrality by 2045. They have implemented various measures to reduce their environmental impact, such as using sustainable materials, promoting energy efficiency, and reducing waste.
SKANSKA UK PLC also prioritizes the health and safety of their employees and the community. They have rigorous safety protocols and have received numerous awards for their commitment to creating a safe working environment.
The key people at SKANSKA UK PLC include President and CEO, Gregor Craig, and Executive Vice President, Mark Kenyon. They have a team of over 5,000 employees who are dedicated to delivering high-quality projects while maintaining the company's sustainability goals.
For more information on SKANSKA UK PLC, their services, and sustainability program, you can visit their website at www.skanska.co.uk. Their registered office address is Maple Cross House, Denham Way, Maple Cross, Rickmansworth, Hertfordshire, WD3 9SW, United Kingdom.
