ARDMORE CONSTRUCTION LIMITED
Company Information
- Company Number
- 01185592
- Registered Address
- 6 Wharf Studios, 28 Wharf Road, London, England, N1 7GR
- Status
- Active
- Employee Count
- 432
- Turnover
- £415,383,000
- EBITDA
- £3,291,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 September 1974
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for ARDMORE CONSTRUCTION LIMITED to pay invoices has fluctuated over the past three periods. In the first period (Oct 2018 - Mar 2019), the average time to pay was 41 days, which decreased to 40 days in the second period (Apr 2019 - Sep 2019). However, in the third period (Apr 2020 - Sep 2020), it decreased significantly to 35 days. In the most recent period (Oct 2021 - Mar 2022), it increased to 45 days.
Volatility Analysis
The volatility of ARDMORE CONSTRUCTION LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days. In the first period, 43% of invoices were paid within 30 days, which decreased to 37% in the second period. However, in the third period, it increased significantly to 53%. In the most recent period, it decreased to 31%.
Summary Analysis
Overall, ARDMORE CONSTRUCTION LIMITED has shown improvement in their payment patterns, with the average time to pay decreasing in the second and third periods compared to the first period. This improvement is also reflected in the increase in the percentage of invoices paid within 30 days in the third period. However, in the most recent period, there has been a slight increase in the average time to pay and a decrease in the percentage of invoices paid within 30 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 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 45 | 31% | 55% | 14% | 18% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Nov 2020 | 35 | 53% | 34% | 13% | 32% |
| 01 Apr 2019 - 30 Sept 2019 | 11 Feb 2020 | 40 | 37% | 54% | 9% | 38% |
| 01 Oct 2018 - 31 Mar 2019 | 11 Feb 2020 | 41 | 43% | 48% | 9% | 38% |
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
Ardmore Construction Ltd does not have standard payment terms as these are dependent on the specific requirements of different projects. However, for materials, general supplies and services, our most frequent payment terms are 45 days from invoice. For subcontractors our most frequently used terms are 35 days from receipt of application.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Ardmore Construction Ltd actively resolve disputes as quickly as possible. This typically involves our Accounts Payable Manager along with our commercial teams where necessary. Where they are unable to reach a resolution there is an escalation process in place to senior management.
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.
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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?
❌
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
ARDMORE CONSTRUCTION LIMITED is a leading construction company based in the UK. They provide a wide range of services including construction, refurbishment, fit-out, and engineering. With over 40 years of experience, the company has established a strong reputation for delivering high-quality projects on time and within budget.
The company is committed to sustainability and has implemented various measures to reduce their environmental impact. They have a sustainability program in place that focuses on reducing waste, promoting energy efficiency, and using sustainable materials. This program has earned them recognition and awards for their efforts in promoting sustainable practices in the construction industry.
ARDMORE CONSTRUCTION LIMITED offers a variety of products and services, including residential, commercial, and mixed-use developments. They work with clients from various sectors, including healthcare, education, retail, and hospitality. The company has a team of highly skilled and experienced professionals who ensure that every project is completed to the highest standards.
Some key people at ARDMORE CONSTRUCTION LIMITED include the Managing Director, Patrick Byrne, and the Executive Chairman, Neil Doherty. They have a dedicated team of project managers, engineers, and site managers who oversee the day-to-day operations of the company.
To contact ARDMORE CONSTRUCTION LIMITED, you can visit their website at www.ardmoregroup.co.uk. Their registered office address is located at 10-12 Baches Street, London, N1 6DL, United Kingdom. Overall, ARDMORE CONSTRUCTION LIMITED is a reputable and sustainable company that continues to deliver exceptional projects and contribute to the growth of the construction industry in the UK.
