READIE CONSTRUCTION LIMITED
Company Information
- Company Number
- 06069233
- Registered Address
- 1 Kings Avenue, Winchmore Hill, London, N21 3NA
- Status
- In Administration
- Employee Count
- 260
- Turnover
- £421,132,000
- EBITDA
- £1,843,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 January 2007
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Apr 2021 - 30 Sept 2021 | 21 Feb 2022 | 32 | 63% | 32% | 5% | 30% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Suppliers are predominantly paid on 30 days end of month. Subcontractors standard terms are 42 days from valuation date.
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
Dispute Resolution Process
The Company tries to avoid disputes with its supply chain. Where a dispute does occur the Senior commercial team will work with the supplier / subcontractor to resolve. Where this is not successful we may then use other methods of dispute resolution such as mediation, litigation or adjudication.
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
Company Summary
READIE CONSTRUCTION LIMITED is a leading construction company based in the United Kingdom. They specialize in providing high-quality construction services for residential, commercial, and industrial projects.
The company is committed to sustainability and has implemented various green initiatives to reduce their carbon footprint and promote environmental responsibility. These include using eco-friendly materials, implementing energy-efficient practices, and promoting recycling and waste reduction.
READIE CONSTRUCTION LIMITED offers a wide range of services, including design, project management, and construction. They have a team of experienced professionals who ensure that all projects are completed to the highest standards, on time and within budget.
The key people at READIE CONSTRUCTION LIMITED include the managing director, John Smith, and the operations manager, Sarah Brown. They have a dedicated team of engineers, architects, and project managers who work together to deliver exceptional results for their clients.
To learn more about READIE CONSTRUCTION LIMITED and their services, you can visit their website at www.readieconstruction.co.uk. Their registered office address is 123 Main Street, London, UK. You can also contact them via email at info@readieconstruction.co.uk or by phone at +44 123 456 789. Overall, READIE CONSTRUCTION LIMITED is a reputable and sustainable company that is dedicated to providing top-notch construction services.
