Score of 90.8/100 qualifies for PaymentCheck Certification
| 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 | 15 Aug 2025 | 21 | 87% | 11% | 2% | 7% |
| 01 Jul 2024 - 31 Dec 2024 | 18 Feb 2025 | 21 | 87% | 11% | 2% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 13 Aug 2024 | 24 | 84% | 13% | 3% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Mar 2024 | 23 | 84% | 13% | 3% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 24 | 83% | 14% | 3% | 8% |
| 02 Jul 2022 - 30 Dec 2022 | 30 Jan 2023 | 23 | 84% | 14% | 2% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 23 | 83% | 14% | 3% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 24 | 79% | 18% | 3% | 12% |
| 26 Dec 2020 - 25 Jun 2021 | 27 Jul 2021 | 24 | 79% | 18% | 3% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 24 | 79% | 18% | 4% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 27 | 73% | 21% | 7% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 24 | 79% | 17% | 4% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 71% | 23% | 6% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 30 | 66% | 26% | 8% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms for subcontractors are 30 days after the accounting month end. This is provided a valid application is received no later than the 5th working day following the accounting month end. Terms for a limited number of smaller subcontractors with a high labour element are 7 days following the end of each working week. This is provided a valid application is submitted in a timely manner. Our standing payment terms for suppliers is 30 days.
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
Queries or disputes should be raised with the Site Manager or Purchasing Manager in the first instance. Disputes can be escalated up the management chain if subsequently required. In respect of construction contracts, Redrow or the subcontractor may refer any dispute to adjudication to be determined under the Scheme of Construction Act Regulations 1996. If the dispute cannot be resolved in accordance with normal procedures and whether there has been adjudication or otherwise the dispute will be determined in the courts of England adopting English law.
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
Redrow Homes Limited is a housebuilder registered in England, incorporated in 1986, with its registered office in Flintshire. Trading as Redrow, it designs and builds new-build homes across the UK, including its Heritage, Inspired and Tailored Collections, and develops wider residential communities with green spaces and amenities. The company states it has built over 120,000 new homes since being founded in 1974, and now designs homes with energy-efficient features such as air source heat pumps and a 'Fabric First' approach to insulation. As of 2024, Redrow became part of the Barratt Redrow plc group, with Redrow Homes Limited continuing to operate as one of the group's housebuilding brands.
Generated from the company's website and Companies House records. Sources: redrow.co.uk · redrow.co.uk