WATES CONSTRUCTION LIMITED
Company Information
- Company Number
- 01977948
- Registered Address
- Wates House, Station Approach, Leatherhead, Surrey, KT22 7SW
- Status
- Active
- Employee Count
- 4,732
- Turnover
- £2,244,447,000
- EBITDA
- £3,132,000
Additional Details
- Website
- https://wates.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 15 January 1986
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property, Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 35 | 69% | 29% | 2% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 31 | 82% | 17% | 1% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 33 | 76% | 23% | 1% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 30 | 90% | 8% | 2% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 33 | 86% | 11% | 3% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 25 | 84% | 12% | 4% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 35 | 81% | 14% | 5% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 32 | 84% | 13% | 3% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 32 | 86% | 10% | 4% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 41 | 46% | 44% | 10% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 44 | 38% | 51% | 11% | 62% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard terms vary according to the type of supply as follows: Sub-Contractors – 45 or 30 days from assessment date. Applications are requested up to 5 days before the assessment date. General Suppliers & Consultants – 30 days from date of invoice Suppliers of major materials – 30 days from end of month of supply
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Wates seeks to avoid disputes by discussing matters directly with the relevant supplier. All standard agreements set out a dispute resolution process. In the first instance contact is with the accounts payment team or commercial staff responsible for the matter. If it cannot be resolved at that level there is an escalated negotiation option involving a senior member of the business team. If the matter cannot be resolved at that senior level the preference is to refer to some form of ADR (mediation, expert determination, etc.) but adjudication or legal proceedings may be used.
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
Company Summary
WATES CONSTRUCTION LIMITED is a leading construction company in the UK, founded in 1897. The company has a strong focus on sustainability and is committed to delivering high-quality projects while minimizing their impact on the environment.
The company offers a wide range of construction services, including building, civil engineering, and interior fit-out. They have expertise in various sectors such as education, healthcare, residential, and commercial. They also provide innovative solutions for energy-efficient and sustainable buildings.
WATES CONSTRUCTION LIMITED has a dedicated sustainability program, "Sustainable Futures," which aims to reduce their carbon footprint, promote sustainable practices, and engage with local communities. They have set ambitious targets to reduce waste, water, and carbon emissions across all their projects.
The key people at WATES CONSTRUCTION LIMITED include David Allen, the Group Chief Executive, and Andy Wates, the Chairman. They have a team of experienced professionals who are committed to delivering projects on time and to the highest standard.
The company's registered office address is Wates House, Station Approach, Leatherhead, Surrey, KT22 7SW. Their website, www.wates.co.uk, provides more information about their services, projects, and sustainability initiatives. They can also be contacted via email at info@wates.co.uk or by phone at +44 (0)1372 360000.
In summary, WATES CONSTRUCTION LIMITED is a reputable construction company in the UK with a strong focus on sustainability. They offer a wide range of construction services, have a dedicated sustainability program, and are led by experienced professionals. Their commitment to sustainability and community engagement sets them apart in the construction industry.
