| 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 2025 - 30 Jun 2025 | 30 Jul 2025 | 32 | 54% | 43% | 3% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 31 | 54% | 43% | 3% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 31 | 55% | 42% | 3% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 32 | 52% | 45% | 3% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 33 | 51% | 46% | 3% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 32 | 52% | 44% | 4% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 34 | 48% | 48% | 4% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 34 | 51% | 45% | 4% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 37 | 45% | 49% | 6% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 42 | 37% | 53% | 10% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 48 | 33% | 53% | 14% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 43 | 34% | 55% | 11% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 46 | 29% | 56% | 15% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 46 | 26% | 59% | 15% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 48 | 24% | 58% | 18% | 62% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our payment terms depend on the nature of the supply and order placed by the company. Supplier payment terms: Payment terms for suppliers are for payment by the last business day in the month following the month in which a valid undisputed invoice was received for goods and/or services received/supplied. Contractor payment terms: Payment terms for approved works comply with the Local Democracy, Economic Development and Construction Act 2009 in which the final payment date is 7 days following the due date, with the due date being 30 days after the later of the date the application/invoice is received or the relevant month end. Consultants: Payment terms for consultants’ services comply with the Local Democracy, Economic Development and Construction Act 2009 in which the final payment date is 30 days following the due date, with the due date being the later of: date of receipt of a valid application/invoice for payment; or by a contractually agreed payment profile date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Self-billing is available for certain suppliers.
Maximum contractual payment period agreed
62
Our standard contractual frameworks provide for a dispute resolution process which adopts the Construction Industry Council Model Adjudication Procedures and as per the Local Democracy, Economic Development and Construction Act 2009, either party may refer a dispute to adjudication. Either party has the right to initiate legal proceedings in the UK Courts. Outside of adjudication, there is a dispute escalation procedure, namely (i) the authorised representatives of each party are attempting to settle a dispute first (ii) failure to settle is referred to regional managing directors to attempt to resolve (iii) if still not resolved the dispute is to be referred in good faith to mediation.
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
Taylor Wimpey UK Limited is registered as a housebuilding company under SIC code 41100, development of building projects, and operates under the Taylor Wimpey brand. Evidence indicates the wider group builds new homes across the UK, offering two to five bedroom houses and apartments on developments in cities including London, Manchester, Birmingham and Edinburgh. It provides buyer support schemes such as Help to Buy, Part Exchange and Shared Ownership, along with an online portal for tracking the build process. The business emphasises build quality, energy efficiency and customer service, citing industry awards for satisfaction. As the UK operating entity within the Taylor Wimpey plc group, its role centres on residential construction and sale of new homes to homebuyers.
Generated from the company's website and Companies House records. Sources: taylorwimpey.co.uk · taylorwimpey.co.uk