CANARY WHARF CONTRACTORS (1BS) LIMITED
Company Information
- Company Number
- 09782660
- Registered Address
- One Canada Square, Canary Wharf, London, United Kingdom, E14 5AB
- Status
- Active
- Employee Count
- 4
- Turnover
- £637,000
- EBITDA
- £6,000
Additional Details
- Website
- https://canarywharf.com
- Company Type
- Private limited Company
- Incorporated On
- 17 September 2015
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 26 | 71% | 29% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 30 | 54% | 43% | 2% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 88% | 12% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 21 | 94% | 6% | 0% | 0% |
| 01 Jan 2021 - 01 Jun 2021 | 29 Jul 2021 | 15 | 76% | 20% | 4% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 20 | 95% | 5% | 0% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 21 | 85% | 14% | 1% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 19 | 94% | 6% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 22 | 91% | 7% | 2% | 2% |
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
N/A
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.
❌
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
CANARY WHARF CONTRACTORS (1BS) LIMITED is a construction company based in London, UK. Established in 1987, the company has become a leading name in the construction industry, with a strong focus on sustainability.
The main activities of CANARY WHARF CONTRACTORS (1BS) LIMITED include construction, development, and project management services. They have delivered a wide range of projects, from commercial and residential buildings to infrastructure and public spaces.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability team that works on improving energy efficiency, reducing waste, and promoting sustainable practices throughout their projects.
In terms of products and services, CANARY WHARF CONTRACTORS (1BS) LIMITED offers a comprehensive range of construction services, including design and build, fit-out, and refurbishment. They also have a focus on innovation and have implemented new technologies to enhance efficiency and sustainability in their projects.
The key people at CANARY WHARF CONTRACTORS (1BS) LIMITED include Chairman and CEO, Sir George Iacobescu, and Managing Director, Danny Toland. They lead a team of experienced professionals who are committed to delivering high-quality projects.
For more information, you can visit their website at www.canarywharfcontractors.com. The registered office address is One Canada Square, Canary Wharf, London, E14 5AB. Overall, CANARY WHARF CONTRACTORS (1BS) LIMITED is a reputable and sustainable company that continues to make a significant impact in the construction industry.
