Ranked in 2 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 35 | 61% | 37% | 2% | 11% |
| 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 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 29 | 92% | 6% | 2% | 18% |
| 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 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 34 | 77% | 18% | 5% | 23% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Wates Construction Limited is a building contractor operating as part of the Wates Group, one of the UK's largest family-owned development, construction and property services businesses. Companies House records its main activity as the construction of commercial buildings. Within the wider group, which spans land promotion, residential development, fit-out and facilities management, Wates Construction forms one of the named operating businesses delivering building projects across sectors including education, healthcare, housing, retail, defence and leisure. The group reports turnover of £2.56 billion and around 6,000 employees for 2025, though these figures relate to the Wates Group as a whole rather than this individual registered company. The company is based in Leatherhead, Surrey.
Generated from the company's website and Companies House records. Sources: wates.co.uk · wates.co.uk