GALLIFORD TRY CONSTRUCTION LIMITED
Company Information
- Company Number
- 02472080
- Registered Address
- Blake House 3 Frayswater Place, Cowley, Uxbridge, Middlesex, United Kingdom, UB8 2AD
- Status
- Active
- Employee Count
- 1699.0
- Turnover
- 849102000.0
- EBITDA
- 24927000.0
Additional Details
- Website
- https://gallifordtry.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 20 February 1990
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property,Infrastructure And Construction
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 25 | 62% | 35% | 3% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 26 | 61% | 38% | 1% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 26 | 59% | 40% | 1% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 25 | 58% | 40% | 2% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 53% | 45% | 2% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 38 | 39% | 56% | 5% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 39% | 53% | 8% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 42 | 36% | 53% | 11% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 43 | 38% | 47% | 15% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 54 | 37% | 34% | 29% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 38% | 37% | 25% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 47 | 37% | 38% | 25% | 26% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 49 | 39% | 34% | 27% | 33% |
Company Summary
Galliford Try Construction Limited is a UK-based construction company that provides a wide range of services including building, civil engineering, and infrastructure projects
The company is committed to sustainability and has a dedicated sustainability program in place
Their sustainability program focuses on reducing carbon emissions, promoting resource efficiency, and supporting local communities
They also have a strong commitment to health and safety, ensuring that all of their projects are carried out in a safe and responsible manner
In addition to their sustainability efforts, Galliford Try Construction Limited offers a variety of products and services to their clients
These include construction management, design and build, and project management
They also specialize in areas such as education, healthcare, and transportation projects
The company's key people include Chief Executive Officer, Graham Prothero, and Executive Director, Bill Hocking
They are supported by a team of experienced and skilled professionals who are dedicated to delivering high-quality projects
For more information on Galliford Try Construction Limited and their services, interested parties can visit their website at www.gallifordtry.co.uk
The company's registered office address is at Cowley Business Park, Cowley, Uxbridge, Middlesex, UB8 2AL
Company Review
Trend Analysis
The average time taken for GALLIFORD TRY CONSTRUCTION LIMITED to pay invoices has decreased steadily over the past three periods, from 49 days in the period of July 2017 - December 2017 to 25 days in the period of July 2023 - December 2023. This represents a decrease of 49.0% over the three periods. The percentage of invoices paid within 30 days has also steadily increased from 39% in July 2017 - December 2017 to 62% in July 2023 - December 2023. This represents an increase of 59.0% over the three periods.
Volatility Analysis
The volatility of GALLIFORD TRY CONSTRUCTION LIMITED's payment process has also decreased over the past three periods. The percentage of invoices paid later than 60 days has decreased from 27% in July 2017 - December 2017 to 3% in July 2023 - December 2023. This represents a decrease of 88.9% over the three periods.
Summary Analysis
The average time taken for GALLIFORD TRY CONSTRUCTION LIMITED to pay invoices has decreased steadily over the past three periods, with a decrease of 49.0% from July 2017 - December 2017 to July 2023 - December 2023. The percentage of invoices paid within 30 days has also steadily increased over the past three periods, with an increase of 59.0% from July 2017 - December 2017 to July 2023 - December 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Purchase Ledger (supplier payments) - Payment unless stated otherwise in the Purchase Order will be made 45 days (30 days for small suppliers) after the date of a valid invoice bearing the Purchaser's Purchase Order number provided the Goods have been delivered and all requisite contract documentation submitted in accordance with the Contract prior to receipt of the said invoice. Sub-contract Ledger - Our standard payment terms are variable and between 30 and 45 days from the measured to date dependent on the subcontract agreement.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The statistical information provided includes payments to both purchase ledger and sub-contract suppliers. Payments in the 6 months to 31/12/2023 for identifiable supplier companies with under 50 employees (previous 6 months shown in brackets): 30 Days or Less % of Total: 80% (90%) 31 to 60 Days % of Total : 17% (9%) After 60 Days % of Total : 3%(1%) Avg Days to Pay : 27 (27) During this reporting period the Company implemented a new ERP system. As predicted, this has had a short-term negative impact on our supply chain payment performance and is expected to continue do so at least into the next DRPPP reporting period. This impact was particularly in relation to <30 day payments to smaller suppliers. Despite the ERP implementation, average days to pay reduced in the 6 month period to 25 days.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Galliford Try is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. Galliford Try has dedicated teams, based at the Shared Service Centre, for dealing with supplier queries and old invoices. The Reconciliations Team responsible for; • Formal supplier statement reconciliation, requesting copies of POD’s, invoices and credit notes where differences are identified The Calls and Supplier Debt Teams responsible for; • Working with Business units/suppliers to clear invoices on hold and aged invoices
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
