COSTAIN ENGINEERING & CONSTRUCTION LIMITED
Company Information
- Company Number
- 02440829
- Registered Address
- Costain House, Vanwall Business Park, Maidenhead, Berkshire, SL6 4UB
- Status
- Active
- Employee Count
- 3,298
- Turnover
- £277,059,000
- EBITDA
- £23,917,000
Additional Details
- Website
- https://costain.com
- Company Type
- Private limited Company
- Incorporated On
- 7 November 1989
- Nature of Business
- 42110 - Construction of roads and motorways42130 - Construction of bridges and tunnels42910 - Construction of water projects42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- Property,Infrastructure And Construction,Travel And Transportation
- Region
- South East
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 2023 - 30 Jun 2023 | 27 Jul 2023 | 18 | 89% | 10% | 1% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 19 | 85% | 13% | 2% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 25 | 76% | 19% | 5% | 19% |
| 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 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 60 | 29% | 42% | 28% | 68% |
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
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
Dispute Resolution Process
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.
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.
❌
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
COSTAIN ENGINEERING & CONSTRUCTION LIMITED is a leading UK-based engineering and construction company that offers a range of services and products in various sectors, including transportation, water, nuclear, and oil and gas.
The company places a strong emphasis on sustainability and has a comprehensive sustainability program in place. This includes initiatives such as reducing carbon emissions, promoting renewable energy, and implementing sustainable procurement practices.
In terms of products and services, COSTAIN ENGINEERING & CONSTRUCTION LIMITED offers a wide range of solutions to clients, including project management, engineering design, construction, and maintenance. They also specialize in digital solutions and technology-driven projects, such as smart motorways and digital railway systems.
The key people at COSTAIN ENGINEERING & CONSTRUCTION LIMITED include the CEO, Alex Vaughan, and the Chairman, Dr. Paul Golby. They are supported by a team of experienced executives and engineers who are committed to delivering high-quality projects and services.
For more information on the company and its services, interested parties can visit their website at www.costain.com. The registered office address is located at Costain House, Vanwall Business Park, Maidenhead, Berkshire, SL6 4UB, United Kingdom.
