Ranked in 2 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 | 28 Apr 2026 | 52 | 64% | 23% | 13% | 47% |
| 01 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 50 | 64% | 16% | 20% | 38% |
| 01 Oct 2024 - 31 Mar 2025 | 28 Apr 2025 | 60 | 55% | 20% | 25% | 51% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 53 | 58% | 19% | 23% | 44% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 58 | 57% | 21% | 22% | 48% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 39 | 68% | 17% | 15% | 63% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 51 | 54% | 26% | 20% | 31% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 38 | 69% | 16% | 15% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are net 30 days from invoice. For development contracts, which form a large part of GDL's expenditure, works have to be certified by an Employer's Agent before payment, in some contracts payment is due on certification but more often within 28 days
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
30
This will vary depending on the contract and will be stipulated in the contract or appointment letter. Low value contracts will not always specify a dispute resolution process. Build contracts (the large part of GDL's expenditure) are governed by the Construction Act and its provisions for dispute resolution. Many of our build contracts are JCT contracts which lay out specific procedures for resolving disputes which we would follow.
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
Guinness Developments Limited is a private limited company incorporated in 2001, previously named G T Maintenance Limited. Its registered business activity is the development of building projects. It forms part of the wider Guinness Partnership group, filing a joint modern slavery statement alongside that organisation, and has a subsidiary, Signal Park LLP. Companies House records show numerous freehold and leasehold property titles registered under the company across England, indicating involvement in acquiring and developing sites for building schemes. As a group entity, it appears to function as the development arm supporting the wider Guinness Partnership's property activities rather than operating independently in the open market.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk