Score of 93.1/100 qualifies for PaymentCheck Certification
NEILCOTT CONSTRUCTION LIMITED demonstrates an exceptionally strong payment profile, with 98% of invoices settled within 30 days and an average payment time of exactly 30 days. The near-complete absence of late payments, with only 1% falling into the 31-60 day band and 1% beyond 60 days, indicates a highly consistent and disciplined payment culture. This distribution reflects a stable, well-managed accounts payable process with no indicators of deteriorating payment behaviour.
With a 0% late payment rate and 98% on-time settlement, NEILCOTT CONSTRUCTION LIMITED presents an extremely low-volatility payment profile, making cash flow forecasting highly reliable for suppliers. The marginal 2% of invoices paid beyond 30 days represents negligible risk and is unlikely to cause material disruption to a supplier's working capital position. There are no identifiable red flags or stress indicators within this payment data that would suggest future payment unpredictability.
NEILCOTT CONSTRUCTION LIMITED represents a low-risk, high-reliability trading partner, and suppliers can engage with confidence based on this payment performance data. Standard net-30 payment terms are appropriate and well-supported by the data, with little justification for requiring advance payments or shortened credit terms. Routine invoice monitoring is sufficient, and no additional credit risk mitigation measures, such as credit insurance or reduced credit limits, are warranted at this time.
| 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 2024 - 31 Dec 2024 | 30 Oct 2025 | 30 | 98% | 1% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed on a supplier by supplier basis depending on the nature of the contract, supply or service. For suppliers, these are typically 30 days from date of invoice and for sub-contractors, these are typically 28 days from the due date.
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
30
We are committed to the fair treatment of our supply chain and we actively seek to avoid disputes by maintaining good dialogue. If a disagreement or dispute arises, our accounts payable team will first seek to resolve it but, if necessary, escalation is through our management teams. We view third party resolution services such as mediation, adjudication or litigation as an absolute last resort.
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
Neilcott Construction Limited is a private limited company operating within the construction sector in the United Kingdom. The company operates under its registered name, indicating a focus on construction-related activities and services.
Incorporated on 14 December 1973, Neilcott Construction Limited has been an established presence in the UK construction industry for over five decades. The company is registered under company number 01151561 and maintains its registered office at Excel House, Cray Ave, Orpington, Kent, BR5 3ST, placing it within the South East region of England.
Construction companies of this type in the UK market typically provide a range of building and civil engineering services, which can include residential and commercial construction, refurbishment, fit-out works, and project management. Such organisations operate across both public and private sector contracts, delivering built environment solutions to clients throughout their operating region.
With its long-standing incorporation dating back to 1973, Neilcott Construction Limited represents an experienced operator within the South East construction market, serving clients from its base in Orpington, Kent.