KIER LIMITED
Company Information
- Company Number
- 01611136
- Registered Address
- 2nd Floor, Optimum House, Clippers Quay, Salford, England, M50 3XP
- Status
- Active
- Employee Count
- 527.0
- Turnover
- 0.0
- EBITDA
- -13600000.0
Additional Details
- Website
- https://www.kier.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 3 February 1982
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Property,Infrastructure And Construction
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Jul 2023 | 30 Jan 2024 | 31 | 51% | 33% | 16% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 36 | 47% | 36% | 17% | 56% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 28 | 57% | 29% | 14% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 24 | 78% | 15% | 7% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 25 | 79% | 15% | 6% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 30 | 71% | 20% | 9% | 48% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 24 | 82% | 14% | 4% | 45% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 28 | 67% | 27% | 6% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 34 | 54% | 28% | 18% | 56% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 32 | 55% | 27% | 18% | 69% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 42 | 34% | 48% | 18% | 64% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 43 | 38% | 40% | 22% | 63% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 57 | 22% | 42% | 36% | 81% |
Company Summary
KIER LIMITED is a leading construction, services, and property group in the UK
With over 90 years of experience, the company offers a wide range of services including construction, infrastructure, facilities management, and environmental services
The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact
This includes reducing carbon emissions, promoting sustainable design and construction, and investing in renewable energy sources
KIER LIMITED also offers a range of sustainable products and services, such as energy-efficient buildings, waste management solutions, and green infrastructure projects
The company has been recognized for its commitment to sustainability, receiving several awards and certifications
The key people at KIER LIMITED include Haydn Mursell, the Chief Executive Officer, and Claudio Veritiero, the Chief Financial Officer
They lead a team of dedicated professionals who strive to deliver high-quality services while also prioritizing sustainability efforts
For any inquiries or information, KIER LIMITED can be contacted through their website, www.kier.co.uk, or their registered office address at Tempsford Hall, Sandy, Bedfordshire, SG19 2BD, United Kingdom
Overall, KIER LIMITED is a reputable and sustainable company that continues to make a positive impact in the construction industry
Company Review
Trend Analysis
The data shows a consistent trend of improvement in the average time taken for KIER LIMITED to pay invoices to suppliers. From 2017 to 2023, there was a decrease in the average time taken, with the biggest improvement seen between 2017 and 2018. Additionally, there has been an increase in the percentage of invoices paid within 30 days, with a peak of 82% in the period of 2020-2021. There has also been a decrease in the percentage of invoices paid later than 60 days, with a low of 6% in the period of 2020-2021.
Volatility Analysis
The data shows a moderate level of volatility in the average time taken for KIER LIMITED to pay invoices to suppliers. The biggest changes were seen between 2017 and 2018, with a decrease of 14 days in the average time taken. The percentage of invoices paid within 30 days also saw a significant increase during this period, with a difference of 16%. However, there has been a relatively stable trend in the percentage of invoices paid later than 60 days, with a difference of 10% between the lowest and highest points.
Summary Analysis
In the past three periods, KIER LIMITED has shown consistent improvement in the average time taken to pay invoices to suppliers, with a decrease of 4 days from 2020-2021 to 2022-2023. The percentage of invoices paid within 30 days has also increased by 8% during this time period. The best period for KIER LIMITED in terms of early payment was 2020-2021, with 82% of invoices paid within 30 days, while the worst period for late payment was 2017-2018, with 36% of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of contract negotiations and aligned with relevant codes to ensure compliance. Terms vary from 7 days from invoice received date (IRD) to 60 days from IRD; the most common payment term is 30 days from IRD.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Kier Limited is a strong advocate of fair treatment for all supply chain partners and constantly strives to improve transparency, increase certainty of payment and in reduce time to pay. We are working hard to simplify internal processes and approvals, towards minimising time to pay for our supply chain partners; we are also working with those supply chain partners to inform and upskill where required towards right first time invoicing to avoid payment delays. Where they happen, Kier Limited actively seeks to resolve disputes as quickly as possible, through close interaction with suppliers; in the interests of fair treatment for all supply chain partners, dispute resolution is treated as a priority. Typically, these issues can be resolved through coordination between our payables teams and supplier credit control teams within an agreed process for dealing with disputes which is communicated to suppliers, and where necessary procurement and commercial teams are engaged to support the earliest commercial resolution; where resolution is still unable to be achieved, senior management will be engaged towards the swiftest possible conclusion. Where agreement cannot be reached to the mutual satisfaction of both parties, other dispute resolution channels will be deployed, such as mediation, arbitration and expert determination.
Other Payment Information
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
