Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 | 17 Jan 2025 | 35 | 50% | 50% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 34 | 47% | 53% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 33 | 51% | 49% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 34 | 50% | 50% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 35 | 47% | 53% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 33 | 50% | 50% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 34 | 52% | 48% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 18 Jul 2021 | 33 | 53% | 47% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 33 | 53% | 47% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 33 | 53% | 47% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 31 | 54% | 46% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 25 | 72% | 27% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Subcontractors – Subcontractors are required to make applications for payment as set out in the subcontract order. When the application is received payment will be made 14 days after the application is approved and loaded onto the accounting system. Suppliers – Borras Construction has a standard payment term of 30 days following the month in which the invoice is presented. In certain circumstances this is reduced.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
When there are queries or if a dispute arises between the parties, Borras Construction will attempt to resolve them as soon as possible with the other party involving both the accounts and buying department as necessary. If a dispute is not being resolved in a timely manner this will be escalated to the Borras Construction Purchasing Director to ensure a fair resolution is achieved.
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
Borras Construction Ltd, trading as Borras, is a main construction contractor established in 1980 and based in St Albans. It carries out general and specialist building projects across London, the South East, East Anglia and the South Midlands, employing close to 100 people. Its work spans education, healthcare, heritage, community and leisure, places of worship, commercial, residential and blue light and MOD projects. The company reports turnover of over £55 million and handles works valued at £10 million. It is privately owned and describes itself as a main contractor rather than a developer or property owner, focused on delivering completed buildings for public and private sector clients.
Generated from the company's website and Companies House records. Sources: borrasconstruction.co.uk · borrasconstruction.co.uk