| 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 2025 - 31 Dec 2025 | 16 Jan 2026 | 58 | 16% | 32% | 52% | 20% |
| 01 Jan 2025 - 30 Jun 2025 | 18 Jul 2025 | 65 | 15% | 27% | 58% | 32% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 65 | 12% | 32% | 56% | 76% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Sept 2021 | 67 | 11% | 31% | 58% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our largest material suppliers (material supplier invoices account for nearly 90% of total invoices processed) are on 60 Days end of month from date of invoice. This explains why our average time taken is over 60 days and why majority of our invoices paid are 61 days or more. Our subcontractor standard payment terms are 60 days from valuation 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
60
Material Deliveries - If there is no record of a delivery being made, proof of delivery is requested by the accounts department. Incorrect Price - If goods are charged at a different rate to that agreed at the point of ordering, the buying dept. will contact the supplier to resolve the discrepancy. Sub-Contractors - Where dispute arises, the Project QS will liaise with the sub-contractor to resolve any issues. For both suppliers and subcontractors if the dispute cannot be resolved through the normal process as detailed above the matter will be escalated internally
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
ESSEX SERVICES GROUP LIMITED is an active private limited company, incorporated on 1 September 1975, based in the London region. Registered business activity: Electrical installation.
From Companies House records.