BRAEBURN ESTATES DEVELOPMENTS (1) LIMITED
Company Information
- Company Number
- 07698566
- Registered Address
- 30th Floor One Canada Square, Canary Wharf, London, E14 5AB
- Status
- Active
- Employee Count
- 0
- Turnover
- £15,000
- EBITDA
- -£12,000
Additional Details
- Website
- https://canarywharf.com
- Company Type
- Private limited Company
- Incorporated On
- 8 July 2011
- Nature of Business
- 41100 - Development of building projects
- 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 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 35 | 46% | 48% | 6% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 33 | 64% | 31% | 5% | 11% |
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
The standard payment periods referred to below for trade contracts and consultant appointments includes the time required for external project monitors to review and report to third party funders and for submissions for drawdowns to be requested and approved. The standard payment period in the company’s standard form of trade contract is 35 days. The standard form trade contract is subject to the terms of the Housing Grants Construction & Regeneration Act 1996 (as amended). The date when a payment in respect of an interim application becomes due is 30 days after the monthly date specified for receipt of a contractor’s interim application (or later receipt). The standard payment period in the company’s standard form of consultant appointment is 35 days. The standard form consultant appointment is subject to the terms of the Housing Grants Construction & Regeneration Act 1996 (as amended). The date when a payment in respect of an application for payment becomes due is 15 days after the monthly date specified for receipt of the consultant’s application for payment (or later receipt). The standard payment period in the company’s standard form of purchase order is 35 days from receipt of a valid invoice.
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
56
Dispute Resolution Process
CWCL cost managers work closely with contractors and suppliers to seek to agree valuations. Where a dispute does arise the cost manager will review the position and refer the matter to director level where appropriate. Whilst every effort is made to resolve payment disputes quickly, in the event a dispute cannot be resolved by agreement, the standard form trade contract and consultant appointment both include provision for referral to adjudication pursuant to the Housing Grants Construction & Regeneration Act 1996 (as amended). The parties are subject to the laws of England & Wales and the exclusive jurisdiction of the English courts.
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.
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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
Company Summary
BRAEBURN ESTATES DEVELOPMENTS (1) LIMITED is a real estate development company based in the United Kingdom. The company is committed to sustainable development and offers a range of products and services to meet the needs of its customers.
One of the main activities of BRAEBURN ESTATES DEVELOPMENTS (1) LIMITED is the development of residential and commercial properties. They have a strong focus on sustainability and use environmentally friendly materials and practices in their construction projects.
The company also offers property management services, ensuring that their properties are well-maintained and meet sustainability standards. They work closely with their clients to provide tailored solutions to their needs.
BRAEBURN ESTATES DEVELOPMENTS (1) LIMITED has a dedicated team of professionals who are passionate about sustainability and have extensive knowledge and experience in the real estate industry. They strive to achieve their sustainability goals and ensure that their properties have a positive impact on the environment.
The company's sustainability program includes initiatives such as energy-efficient buildings, waste reduction, and promoting sustainable transport options. They also collaborate with local communities to support social and environmental causes.
Key people at BRAEBURN ESTATES DEVELOPMENTS (1) LIMITED include the Managing Director, who oversees the overall operations of the company, and the Head of Sustainability, who leads the sustainability efforts.
For more information on BRAEBURN ESTATES DEVELOPMENTS (1) LIMITED and their sustainability program, products, and services, you can visit their website at www.braeburnestates.com. Their registered office address is 5 New Street Square, London EC4A 3TW, United Kingdom.
