Ranked in 4 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 92.5/100 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 2023 - 30 Jun 2023 | 27 Jul 2023 | 18 | 89% | 10% | 1% | 9% |
| 07 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 19 | 88% | 10% | 2% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 19 | 85% | 13% | 2% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 21 | 84% | 13% | 3% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 76% | 19% | 5% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 32 | 69% | 22% | 9% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 38 | 62% | 28% | 10% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 32 | 68% | 25% | 7% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 36 | 59% | 25% | 16% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 58 | 26% | 42% | 32% | 64% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 60 | 29% | 42% | 28% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Costain Engineering & Construction Limited is a holding and services company within the Costain Group. The administration of the few suppliers it engages is handled by a fellow subsidiary, Costain Limited. Terms are agreed with suppliers as part of contract negotiations.
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
45
Costain Engineering & Construction Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s), generally involving members of the accounts or accounts payable team; where necessary, members of management will be involved.
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
Costain Engineering & Construction Limited is a private limited company incorporated in 1989, originally registered as Questearn Limited before becoming Costain E & C Limited and later adopting its current name. Its registered nature of business covers civil engineering activities, including the construction of roads and motorways, bridges and tunnels, water projects, and other civil engineering works not elsewhere classified. The company forms part of the wider Costain corporate group, which operates in infrastructure and construction. Companies House records show the entity remains active, with its registered office in London and a board of appointed directors and a company secretary overseeing its statutory affairs.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk