| 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 | 35 | 55% | 32% | 14% | 40% |
| 01 Apr 2021 - 30 Sept 2021 | 09 Nov 2021 | 27 | 69% | 23% | 8% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 20 Apr 2021 | 36 | 43% | 46% | 10% | 24% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Oct 2020 | 34 | 46% | 48% | 6% | 21% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 29 | 59% | 40% | 1% | 10% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 31 | 53% | 44% | 3% | 16% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 33 | 48% | 48% | 4% | 24% |
| 01 Apr 2018 - 30 Sept 2018 | 23 Oct 2018 | 41 | 56% | 37% | 7% | 34% |
| 01 Oct 2017 - 31 Mar 2018 | 09 May 2018 | 24 | 71% | 26% | 3% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Terms
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
The main point of contact for disputes in relation to Goods & Services is the Rydon Finance Operations team. When an invoice is disputed, the supplier is contacted verbally and / or by email giving the reason why the invoice is in dispute. To resolve a dispute, the supplier is required to provide any missing information or a credit note. The main point of contact for disputes with subcontractors is the Commercial team. When a self - billing application is disputed, the commercial team contacts the subcontractor and issues a payless notice to the subcontractor once it’s been agreed. If there is a dispute with a subcontractors invoice then the commercial team will request a credit note
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
Rydon Construction Limited is registered under a nature-of-business code covering development of building projects and forms part of the wider Rydon group. The group describes itself as operating in construction, development, maintenance and management across southern England, with teams maintaining schools, hospitals, homes, local authority buildings and emergency service facilities, alongside hard facilities management and property maintenance work for housing and healthcare clients. Within this structure, Rydon Construction Limited represents the group's building and construction activity, distinct from associated maintenance-focused entities operating under the same brand. The company remains active, having been incorporated in December 1976 and based in East Sussex.
Generated from the company's website and Companies House records. Sources: rydon.co.uk · rydon.co.uk