| 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.
❌
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.
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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
BORRAS CONSTRUCTION LTD. is a UK-based construction company that has been in operation since 1958. They specialize in providing high-quality construction services for both public and private sectors. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using sustainable materials, implementing energy-efficient practices, and reducing waste in their construction projects. They also have a dedicated team responsible for monitoring and improving their sustainability practices.
BORRAS CONSTRUCTION LTD. offers a wide range of services, including new build construction, refurbishment, and civil engineering. They have completed projects in various sectors such as education, healthcare, commercial, and residential.
The company is led by a team of experienced and skilled individuals, including Kevin Rhone as the Managing Director and Neil Williams as the Operations Director. They are supported by a team of project managers, engineers, and other professionals who ensure the successful delivery of projects.
To contact BORRAS CONSTRUCTION LTD., individuals can visit their website at www.borrasconstruction.co.uk or reach out to their registered office at BORRAS House, 1A Manor Road, St. Albans, Hertfordshire, AL1 3UJ. The company is committed to providing excellent customer service and delivering projects to the highest standards of quality and sustainability.
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