VOLKERFITZPATRICK LIMITED
Company Information
- Company Number
- 02387700
- Registered Address
- Hertford Road, Hoddesdon, Herts, EN11 9BX
- Status
- Active
- Employee Count
- 1,020
- Turnover
- £729,528,000
- EBITDA
- £19,756,000
Additional Details
- Website
- https://fitzpatrick.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 22 May 1989
- Nature of Business
- 41201 - Construction of commercial buildings42110 - Construction of roads and motorways42120 - Construction of railways and underground railways42130 - Construction of bridges and tunnels
- Industries
- Property, Infrastructure And Construction, Road Travel, Transportation Infrastructure
- 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 30 | 67% | 26% | 7% | 27% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 30 | 68% | 23% | 9% | 26% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 27 | 74% | 22% | 4% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 27 | 73% | 23% | 4% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 28 | 70% | 26% | 4% | 21% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 29 | 65% | 30% | 5% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 29 | 64% | 32% | 4% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 33 | 55% | 39% | 6% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 33 | 54% | 40% | 6% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 36 | 38% | 48% | 14% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 35 | 48% | 41% | 11% | 19% |
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
Our standard payment terms for suppliers and subcontractors with less than 50 employees is 30 days after the date of invoice. For other subcontractors, terms are agreed as part of negotiating and agreeing contracts but are typically 40 days or less. For other materials and plant suppliers our standard payment terms are 60 days after the date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
VolkerFitzpatrick Limited is committed to supporting the local community wherever we work and endeavour to engage with Small to Medium Enterprises (SMEs), community sector organisations and a diverse range of enterprises in our supply chain. We ensure our procurement processes are transparent, straightforward, and open and we are committed to paying our SME supply chain promptly in recognition of their specific challenge around cash flow, and encourage our supply chain to adopt supporting practices. VolkerFitzpatrick Limited are signatories of the Prompt Payment Code. We paid 65% of invoices from small businesses with fewer than 50 employees within 30 days and 89% of invoices within 60 days. In order for invoices to be paid on a timely basis, all invoices must be received by our VolkerWessels UK Accounts Payable team before they are recognised as valid for payment. For guidance on how to get paid please see our website: http://www.volkerwessels.co.uk/en/who-we-are/supply-chain
Maximum contractual payment period agreed
60
Dispute Resolution Process
Our dispute resolution process is clearly explained on our website and is as follows: In the first instance, all disputes will be raised and managed by the site teams. The supplier will be advised that there is a query relating to the goods and/or services supplied and it will be the initial responsibility of the site team to come to a resolution with the supplier. The following steps will be taken to raise and resolve a dispute: 1. The nature of the dispute is discussed between the site team and the supplier. 2. The site team and supplier will come to an agreed time frame for resolution. 3. The supplier is responsible for providing feedback to their accounts team relating to the nature of the dispute and the resolution date. 4. The respective site team will provide feedback to the VolkerWessels UK Accounts Payable team as to the nature and the resolution date of the dispute. 5. Within the agreed resolution timeframe; the VolkerWessels UK Accounts Payable team will await instructions from the site team as to whether or not the dispute has been resolved ahead of schedule and whether or not funds can be released to the supplier. 6. In instances where the stated resolution timeframe has elapsed, the VolkerWessels UK Accounts Payable team will escalate the matter to the appropriate management level to ensure a new resolution date or the release of funds to the supplier.
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
VOLKERFITZPATRICK LIMITED is a UK-based company that specializes in construction and civil engineering projects. The company was founded in 1921 and has since become a leading name in the industry, with a focus on delivering innovative and sustainable solutions.
The company's sustainability program is an integral part of their operations, with a commitment to minimizing their environmental impact and promoting sustainable practices. This includes using sustainable materials, reducing waste and emissions, and implementing energy-efficient technologies.
VOLKERFITZPATRICK LIMITED offers a wide range of services, including construction, civil engineering, building maintenance, and project management. They have worked on various high-profile projects, such as the London Crossrail and the M25 motorway.
The company's key people include Chief Executive Officer, Mark Cutler, and Chairman, Alan Robertson, who lead a team of experienced and skilled professionals. Their expertise and dedication to sustainable practices have helped the company to achieve numerous awards and accolades.
The company's website (www.volkerfitzpatrick.co.uk) provides detailed information about their services, projects, and sustainability initiatives. Their registered office address is located at 120 Buckingham Palace Road, London SW1W 9SA, UK.
In summary, VOLKERFITZPATRICK LIMITED is a well-established construction and civil engineering company with a strong commitment to sustainability. With a team of experienced professionals and a focus on innovation, the company continues to deliver high-quality projects while minimizing their environmental impact.
