Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 82.2/100 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 Oct 2022 - 31 Mar 2023 | 05 May 2023 | 23 | 74% | 25% | 2% | 20% |
| 01 Apr 2022 - 30 Sept 2022 | 07 Nov 2022 | 28 | 56% | 42% | 2% | 27% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Apr 2022 | 30 | 62% | 31% | 7% | 27% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 29 | 53% | 41% | 6% | 34% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 29 | 64% | 26% | 9% | 27% |
| 30 Sept 2019 - 05 Apr 2020 | 30 Apr 2020 | 39 | 52% | 40% | 8% | 30% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 31 | 59% | 38% | 3% | 28% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 36 | 53% | 33% | 14% | 44% |
| 02 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 31 | 55% | 39% | 6% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Anderson's standard payment terms for product supplies are payment at the end of the following calendar month of invoice date Anderson's standard payment terms for subcontractors is 35 days following the subcontractors valid application for payment
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
60
For product supplies the first point of contact for invoice related queries should be the accounts contact or the original contact who placed the order. To ensure prompt payment, invoices must quote a valid purchase order. If you are a subcontractor and have any concerns around the processing of your payment you are advised to speak directly with your initial contact that arranged the works with you.
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
Anderson Construction Limited is registered at the same Chelmsford address as Hard Hat Construction Group Ltd, whose website states that its construction arm, MACL, is regularly referred to and branded as Anderson. Hard Hat Construction Group operates two core businesses: MACL, a contractor to the UK construction industry, and MAP, a plant and tool hire business, together trading for around 60 years across Essex, Suffolk, Cambridgeshire, Hertfordshire, Kent and parts of London. The group is employee owned via an Employee Ownership Trust. This company appears to represent the construction contracting operation within that wider group, rather than an independent standalone business.
Generated from the company's website and Companies House records. Sources: andersongroup.co.uk