| 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 Feb 2024 - 31 Jul 2024 | 16 Jan 2025 | 28 | 53% | 43% | 4% | 15% |
| 01 Aug 2023 - 31 Jan 2024 | 15 May 2024 | 29 | 54% | 41% | 5% | 27% |
| 01 Feb 2023 - 31 Jul 2023 | 08 Jan 2024 | 30 | 58% | 37% | 5% | 28% |
| 01 Aug 2022 - 31 Jan 2023 | 25 Apr 2023 | 30 | 53% | 47% | 0% | 26% |
| 01 Feb 2022 - 31 Jul 2022 | 07 Dec 2022 | 30 | 54% | 45% | 1% | 26% |
| 01 Aug 2021 - 31 Jan 2022 | 10 May 2022 | 32 | 43% | 56% | 1% | 27% |
| 01 Feb 2021 - 30 Jul 2021 | 20 Oct 2021 | 30 | 51% | 48% | 1% | 36% |
| 01 Aug 2020 - 31 Jan 2021 | 20 Apr 2021 | 28 | 53% | 43% | 4% | 38% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 42 | 38% | 51% | 11% | 62% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Mar 2020 | 60 | 9% | 66% | 25% | 87% |
| 01 Feb 2019 - 31 Jul 2019 | 13 Sept 2019 | 57 | 3% | 79% | 18% | 81% |
| 01 Aug 2018 - 31 Jan 2019 | 03 Mar 2019 | 36 | 34% | 60% | 6% | 53% |
| 01 Feb 2018 - 31 Jul 2018 | 19 Sept 2018 | 59 | 11% | 72% | 17% | 79% |
| 01 Aug 2017 - 31 Jan 2018 | 02 Mar 2018 | 24 | 76% | 16% | 8% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms vary due to the type of supply and are agreed as part of contract negotiations. Suppliers are predominantly paid on 30 days from the month end of invoice, whilst key consultants are paid on 7 day terms. Subcontractors, dependant on contract terms, are paid on 30, 35 or 42 day terms, following the date of assessment.
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
42
There are two types of disputes: 1. Where the site team have not certified the valuation, the site team are tasked to speak with and resolve any differences with the Supply chain/Sub-contractor directly. 2. Where the site team have certified the works and are satisfied the supplier should be paid, there are instances where the Finance team require additional information like insurance details, VAT invoice, Self-billing agreements or CIS verification, in which case the Finance team would request and resolve these issues directly with the supplier.
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
MCLAREN CONSTRUCTION (UK) LIMITED is a leading construction and property company in the United Kingdom. They offer a wide range of services including design, construction, project management, and property development.
One of the key focuses of MCLAREN CONSTRUCTION (UK) LIMITED is sustainability. They have a dedicated sustainability program that aims to reduce their environmental impact and promote sustainable practices in the construction industry. This includes using environmentally friendly materials, implementing energy-efficient solutions, and reducing waste.
The company's products and services are known for their high quality and innovative design. They have completed a number of iconic projects in the UK, including commercial and residential buildings, hotels, and educational facilities. They also offer property management services, ensuring that their clients' properties are well-maintained and managed.
The key people at MCLAREN CONSTRUCTION (UK) LIMITED include the CEO, Phil Pringle, who has over 30 years of experience in the construction industry, and the Chairman, Kevin Taylor, who has been with the company for over 20 years. They also have a team of experienced and skilled professionals who are committed to delivering exceptional results for their clients.
The company's website, www.mclarengroup.com, provides detailed information about their services, projects, and sustainability efforts. Their registered office address is McLaren Construction (UK) Limited, McLaren House, 2B Vale Rise, Tonbridge, Kent, TN9 1TB.
In summary, MCLAREN CONSTRUCTION (UK) LIMITED is a reputable and sustainable construction company in the UK, offering high-quality products and services. With experienced leadership and a strong focus on sustainability, they continue to be a leader in the construction industry.
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