HG Construction Limited demonstrates a payment profile centred primarily in the 31-60 day window, with 68% of payments falling within this band and an average payment time of 41 days. Only 19% of invoices are settled within the standard 30-day term, indicating a consistent pattern of delayed payment rather than prompt settlement. This suggests the company routinely stretches payment cycles beyond agreed terms as a standard practice rather than an occasional exception.
With 50% of payments classified as late and 13% extending beyond 60 days, there is a meaningful tail risk of significant payment delays that suppliers must account for. However, the concentration of payments in the 31-60 day range suggests some degree of predictability, as the majority of invoices do eventually settle within a moderate timeframe rather than becoming severely overdue. The primary risk is not complete non-payment but rather persistent cash flow disruption caused by routine late settlement.
HG Construction Limited presents a moderate-to-elevated payment risk profile, and suppliers should approach new or expanded credit arrangements with caution given the 50% late payment rate and 41-day average. Suppliers are advised to implement tighter credit terms, such as reduced payment windows or staged invoicing, and to factor in a realistic 45-day cash flow expectation when engaging with this company. Proactive credit controls, including early payment reminders and clearly defined late payment charges, are recommended to mitigate exposure.
| 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 2025 - 31 Dec 2025 | 21 May 2026 | 41 | 19% | 68% | 13% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Purchase Ledger = 30 day payment terms Subcontract Ledger - 42 day payment terms A number of subcontracts carry individually negotiated terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We are making changes to our payment systems and processes to improve our payment performance, and expect the benefits to be seen in future reporting periods.
Maximum contractual payment period agreed
60
Purchase ledger invoices subject to a query are held and not released for payment approval until the query is resolved. Subcontractor payments are made against valuations agreed with the subcontractor. Queries are handled by our commercial team and resolved as quickly as possible. We are making system and process changes to improve how queries are managed and to support better payment performance going forward.
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
HG Construction Limited is a private limited company operating within the construction sector in the United Kingdom. The business is structured as a limited company, providing the legal framework typical of established commercial enterprises in the British construction industry.
The company is registered under company number 01617719 and holds an active status with Companies House. Incorporated on 26 February 1982, HG Construction Limited has maintained a continuous presence in the industry for over four decades, with its registered office located at 4 Hunting Gate, Hitchin, Hertfordshire, SG4 0TJ, in the East of England region.
Construction companies of this type in the UK market typically provide a range of building and civil engineering services, encompassing both residential and commercial projects. These services commonly include new build construction, renovation and refurbishment works, and structural development, delivered in accordance with UK building regulations and industry standards.
With its long-standing incorporation dating back to 1982, HG Construction Limited represents an established organisation within the East of England construction landscape, serving clients across Hertfordshire and the surrounding regions.