| 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 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 34 | 69% | 23% | 8% | 24% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 44 | 70% | 20% | 10% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 34 | 68% | 22% | 10% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 37 | 62% | 28% | 10% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 47 | 48% | 37% | 15% | 44% |
| 01 Jun 2021 - 31 Dec 2021 | 27 Jan 2022 | 42 | 47% | 39% | 14% | 43% |
| 01 Dec 2020 - 31 May 2021 | 29 Jun 2021 | 43 | 55% | 31% | 14% | 41% |
| 01 Jun 2020 - 30 Nov 2020 | 22 Dec 2020 | 48 | 44% | 35% | 21% | 49% |
| 01 Dec 2019 - 31 May 2020 | 29 Jun 2020 | 38 | 58% | 29% | 13% | 41% |
| 01 Jun 2019 - 30 Nov 2019 | 24 Dec 2019 | 35 | 57% | 32% | 11% | 39% |
| 01 Dec 2018 - 31 May 2019 | 24 Jun 2019 | 33 | 65% | 27% | 8% | 30% |
| 01 Jun 2018 - 30 Nov 2018 | 20 Dec 2018 | 30 | 73% | 20% | 7% | 25% |
| 01 Dec 2017 - 31 May 2018 | 22 Jun 2018 | 36 | 56% | 34% | 10% | 37% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
St. Modwen Homes Ltd's standard supplier payment terms are ’30 days from date of invoice’. Subcontractor suppliers are paid in line with their contract. Payment of any amount ascertained in accordance with the Contract under an Interim Application (if any) to the Contractor shall become due 24 days after the Application Date ("Payment Due Date"). St. Modwen Homes Ltd is committed to supporting SMEs which are therefore paid on shorter terms.
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
45
St. Modwen Homes Ltd is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. If a dispute arises the parties will attempt, in good faith, to reach settlement as soon as possible. If the dispute is not resolved it shall be referred to expert determination
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
St. Modwen Homes Limited builds and sells new residential homes on developments across the United Kingdom. The company markets houses directly to buyers, offering kitchen and bathroom selection schemes, online pre-reservation of plots, and a customer app providing plot releases, rewards and offers. It supports various routes to purchase, including options aimed at first-time buyers. Its business centres on constructing new build developments and creating residential communities, with homes sold through its own sales channels rather than through third parties. The registered entity operates under the SIC code for buying and selling of own real estate, reflecting its role in developing and disposing of housing stock it builds.
Generated from the company's website and Companies House records. Sources: stmodwenhomes.co.uk