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 Jan 2021 - 30 Jun 2021 | 20 Aug 2021 | 56 | 47% | 43% | 10% | 6% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 56 | 47% | 43% | 10% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Nov 2020 | 58 | 49% | 31% | 20% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Nov 2020 | 55 | 51% | 39% | 10% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 13 Sept 2019 | 54 | 16% | 46% | 38% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Feb 2019 | 55 | 15% | 48% | 37% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Feb 2019 | 47 | 18% | 57% | 25% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Prater Limited does not have standard payment terms, they range from 7 days to 60 days after the month-end of receipt of invoices. Payment runs are typically on a weekly basis by BACS.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Suppliers are notified in writing, should there be any change to the standard payment terms.
Maximum contractual payment period agreed
60
Prater Limited actively resolve disputes as efficiently as possible. There is an escalation process in place to senior management if disputes cannot be resolved in a reasonable time frame.
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
Prater Limited is a construction company registered in Surrey, incorporated in 1987, whose business is classified under construction of commercial buildings. It now trades as Lindner Prater, describing itself as the UK's leading specialist building envelope contractor. The company operates as a single source supplier, providing complete building envelope solutions covering design, planning, manufacture and installation. Its work spans a range of projects across the UK, including notable buildings such as stadium and cultural venue developments. The business focuses specifically on the building envelope, meaning the external structural elements of buildings, rather than general construction or property ownership and management.
Generated from the company's website and Companies House records. Sources: prater.co.uk