WESTON HOMES PLC
Company Information
- Company Number
- 02133568
- Registered Address
- The Weston Group Business Centre, Parsonage Road, Takeley, Essex, CM22 6PU
- Status
- Active
- Employee Count
- 348
- Turnover
- £240,142,000
- EBITDA
- £21,008,000
Additional Details
- Website
- https://westonhomes.com/
- Company Type
- Public limited Company
- Incorporated On
- 21 May 1987
- Nature of Business
- 41202 - Construction of domestic buildings
- Industries
- Property,Infrastructure And Construction
- Region
- East of England
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 Aug 2023 - 31 Jan 2024 | 12 Apr 2024 | 33 | 62% | 24% | 13% | 46% |
| 01 Feb 2023 - 31 Jul 2023 | 12 Sept 2023 | 21 | 40% | 44% | 17% | 13% |
| 01 Aug 2022 - 31 Jan 2023 | 02 Mar 2023 | 20 | 89% | 7% | 4% | 13% |
| 01 Feb 2022 - 31 Jul 2022 | 02 Sept 2022 | 27 | 83% | 14% | 3% | 55% |
| 01 Aug 2021 - 31 Jan 2022 | 01 Mar 2022 | 27 | 78% | 15% | 7% | 34% |
| 01 Feb 2021 - 31 Jul 2021 | 31 Aug 2021 | 22 | 85% | 10% | 5% | 12% |
| 01 Feb 2020 - 31 Jul 2020 | 25 Aug 2020 | 21 | 88% | 6% | 6% | 17% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Feb 2020 | 21 | 84% | 11% | 5% | 14% |
| 01 Aug 2018 - 31 Jan 2019 | 20 Feb 2019 | 19 | 86% | 11% | 3% | 11% |
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 for payment of a subcontractor self-billing invoice is 14 days. This is on the basis that the subcontractor has presented the invoice for payment at the correct time and that all necessary authorisations have been obtained. The standard payment terms for suppliers is end of month following the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Initial enquiries or disputes with subcontractors are dealt with by the site manager and/or commercial department. This can be escalated to a Director if necessary. For suppliers, the first point of contact is the purchase ledger department. This department will liaise with the invoice approver to ascertain why an invoice has not been approved for payment. If the dispute cannot be resolved, it will be escalated to a Director.
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.
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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.
❌
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
Weston Homes PLC is a leading property development company in the UK, with a strong focus on sustainability. They offer a range of high-quality residential and commercial properties, as well as provide sustainable solutions to help protect the environment.
Their sustainability program includes initiatives such as using renewable energy sources, reducing carbon emissions, and implementing green building practices. They also prioritize the use of sustainable materials in their construction projects.
The company's key people include Chairman and CEO, Bob Weston, who has over 30 years of experience in the property industry, and Executive Director, John Tilt, who has a background in engineering and environmental management.
Weston Homes PLC can be contacted through their website, which also provides information on their current and upcoming projects. Their registered office address is located in Takeley, Bishop's Stortford, Hertfordshire, CM22 6PU.
Overall, Weston Homes PLC is committed to creating sustainable and environmentally-friendly developments, while providing high-quality properties for their customers.
