The trend for SKANSKA RASHLEIGH WEATHERFOIL LIMITED's average time to pay invoices has been fluctuating between 38 to 57 over the past 5 years. There has been a slight decrease in the average time to pay in the latest period, from 48 in 2021 to 36 in 2023. This suggests that the company has been making efforts to pay their invoices in a timely manner.
The volatility in average time to pay for SKANSKA RASHLEIGH WEATHERFOIL LIMITED has been relatively low, with a range of only 19 (from 36 in 2023 to 55 in 2020). This indicates that the company has been relatively consistent in their payment practices over the past 5 years.
In the past three periods, there has been a slight improvement in SKANSKA RASHLEIGH WEATHERFOIL LIMITED's average time to pay, from 53 in 2021 to 48 in 2023. This improvement can also be seen in the percentage of invoices paid within 30 days, which has increased from 34% in 2021 to 64% in 2023.
| 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 | 30 | 69% | 28% | 3% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 36 | 64% | 26% | 10% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 40 | 55% | 30% | 15% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 38 | 47% | 40% | 13% | 50% |
| 01 Jan 2022 - 30 Jun 2022 | 11 Jul 2022 | 42 | 50% | 41% | 9% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 48 | 39% | 47% | 14% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 53 | 34% | 53% | 13% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 57 | 36% | 49% | 15% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 07 Jul 2020 | 55 | 39% | 49% | 12% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Jan 2020 | 55 | 38% | 51% | 11% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 53 | 40% | 50% | 10% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 54 | 39% | 49% | 12% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 45 | 50% | 41% | 9% | 10% |
This information is as reported by the business, and responses are in their own words.
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: 80% 31-60 days: 15% 61+ days: 5%
Maximum contractual payment period agreed
30
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.
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
SKANSKA RASHLEIGH WEATHERFOIL LIMITED is a construction company that specializes in sustainable building solutions. They have been in operation since 2000 and have a registered office in Rickmansworth, Hertfordshire.
The company is committed to sustainability and has a dedicated sustainability program in place. This program focuses on reducing the environmental impact of their projects, promoting responsible procurement practices, and supporting the well-being of their employees.
SKANSKA RASHLEIGH WEATHERFOIL LIMITED offers a range of products and services, including design and construction, project management, and facilities management. They also offer sustainable building solutions such as green roofs, solar panels, and energy-efficient systems.
The company has a team of experienced and highly skilled individuals, including their CEO, Magnus Enström, who has been with the company since its inception. They also have a dedicated sustainability manager, who oversees the implementation of the company's sustainability program.
To contact SKANSKA RASHLEIGH WEATHERFOIL LIMITED, you can visit their website at www.skanska.co.uk, where you can find more information about their services and projects. Their registered office address is Maple Cross House, Denham Way, Maple Cross, Rickmansworth, Hertfordshire, WD3 9SW.
In summary, SKANSKA RASHLEIGH WEATHERFOIL LIMITED is a construction company that is committed to sustainability and offers a range of sustainable building solutions. With a team of experienced individuals and a dedicated sustainability program, they strive to make a positive impact on the environment and the community.