Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2025 - 31 Mar 2026 | 30 Apr 2026 | 54 | 14% | 71% | 15% | 34% |
| 01 Apr 2025 - 30 Sept 2025 | 19 Nov 2025 | 34 | 60% | 33% | 7% | 15% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 63 | 41% | 22% | 37% | 63% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 58 | 29% | 30% | 41% | 67% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 56 | 24% | 40% | 36% | 62% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 50 | 25% | 38% | 37% | 58% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with subcontractors and suppliers as part of contract negotiations and to comply with any statutory and client contractual requirements. Terms agreed range from 7 Days to 60 Days from month end of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The maximum contractual payment period is 60 Days from month end of invoice.
Maximum contractual payment period agreed
91
Laing O'Rourke is committed to fair treatment of all its supply chain partners and promotes transparency and swift resolution of any dispute. For both supplier and subcontractor disputes the process will involve the Accounts Payable Department and may involve members of Procurement, Office Management and Commercial and where necessary other Senior Management. Subcontractor disputes will initially be addressed by the Project Commercial team. Following escalation to Senior Management, on rare occasions where it is not possible to reach an agreement suitable to both parties, other methods of dispute resolution may include but are not limited to mediation, adjudication, expert determination and/or arbitration.
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
EXPLORE 2050 MANUFACTURING LIMITED is an active private limited company, incorporated on 26 July 2000, based in the South East region. Registered business activity: Manufacture of concrete products for construction purposes; Construction of commercial buildings.
From Companies House records.