Ranked in 4 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 2019 - 31 Mar 2020 | 06 Aug 2020 | 32 | 76% | 16% | 8% | 24% |
| 01 Apr 2019 - 30 Sept 2019 | 08 Oct 2019 | 31 | 72% | 19% | 9% | 9% |
| 01 Oct 2018 - 31 Mar 2019 | 08 Oct 2019 | 39 | 67% | 21% | 12% | 12% |
| 01 Apr 2018 - 30 Sept 2018 | 12 Dec 2018 | 36 | 65% | 25% | 10% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Month Following invoice 14 Days for construction application
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
62
Managed initially by responsible manager, escalated through finance if not resolved
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
Connect Plus (M25) Limited is the consortium company holding the contract with National Highways to manage and operate the M25 motorway network, including its adjoining trunk and slip roads. Day-to-day operation and maintenance is carried out by Connect Plus Services, which is owned by the consortium's parent companies, including Balfour Beatty, AtkinsRealis and Egis Road Operation UK. Work covers routine and winter maintenance, structural upkeep of bridges, tunnels and other highway assets, and network operation aimed at reducing delays and improving journey reliability across the M25 and adjoining trunk roads. The network spans around 250 miles and includes five tunnels and 2,500 structures.
Generated from the company's website and Companies House records. Sources: connectplusm25.co.uk · connectplusm25.co.uk