KIER PROPERTY DEVELOPMENTS LIMITED
Company Information
- Company Number
- 00873685
- Registered Address
- 2nd Floor, Optimum House, Clippers Quay, Salford, England, M50 3XP
- Status
- Active
- Employee Count
- 71
- Turnover
- £764,000
- EBITDA
- -£22,095,000
Additional Details
- Website
- https://kier.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 14 March 1966
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property,Infrastructure And Construction
- Region
- North West
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 2022 - 30 Jun 2022 | 29 Jul 2022 | 24 | 60% | 39% | 1% | 37% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 23 | 69% | 29% | 2% | 37% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 25 | 66% | 31% | 3% | 48% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 28 | 71% | 24% | 5% | 63% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 25 | 72% | 23% | 5% | 58% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 56 | 34% | 30% | 36% | 84% |
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 contract negotiations and aligned with relevant codes to ensure compliance. Terms vary from 7 days from invoice received date (IRD) to 60 days from IRD; the most common payment term is 30 days from IRD.
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
Kier Property Developments is a strong advocate of fair treatment for all supply chain partners and constantly strives to improve transparency, increase certainty of payment and in reduce time to pay. We are working hard to simplify internal processes and approvals, towards minimising time to pay for our supply chain partners; we are also working with those supply chain partners to inform and upskill where required towards right first time invoicing to avoid payment delays. Where they happen, Kier Property Developments actively seeks to resolve disputes as quickly as possible, through close interaction with suppliers; in the interests of fair treatment for all supply chain partners, dispute resolution is treated as a priority. Typically, these issues can be resolved through coordination between our payables teams and supplier credit control teams within an agreed process for dealing with disputes which is communicated to suppliers, and where necessary procurement and commercial teams are engaged to support the earliest commercial resolution; where resolution is still unable to be achieved, senior management will be engaged towards the swiftest possible conclusion. Where agreement cannot be reached to the mutual satisfaction of both parties, other dispute resolution channels will be deployed, such as mediation, arbitration and expert determination.
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.
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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?
❌
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
KIER PROPERTY DEVELOPMENTS LIMITED is a British property development company that offers a range of sustainable services and products. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's core activities include property development, construction, and regeneration projects. They work on a variety of projects, including residential, commercial, and mixed-use developments. They also offer services such as project management, building design, and property management.
KIER PROPERTY DEVELOPMENTS LIMITED places a strong emphasis on sustainability and has a dedicated sustainability program in place. This includes reducing carbon emissions, promoting sustainable construction practices, and using renewable energy sources. The company also strives to create sustainable communities by incorporating green spaces, public transport, and energy-efficient buildings into their projects.
The company's key people include Chief Executive Officer, Haydn Mursell, and Group Director of Property Services, Nigel Brook. They lead a team of experienced professionals who are committed to delivering high-quality, sustainable developments.
KIER PROPERTY DEVELOPMENTS LIMITED's registered office address is Tempsford Hall, Sandy, Bedfordshire, SG19 2BD. Their website address is www.kier.co.uk/property, where you can find more information about their services, projects, and sustainability initiatives. Overall, KIER PROPERTY DEVELOPMENTS LIMITED is a leading property development company that is dedicated to creating sustainable and thriving communities in the UK.
