MCLAREN CONSTRUCTION (LONDON) LIMITED
Company Information
- Company Number
- 09850564
- Registered Address
- 11th Floor 20 Churchill Place, Canary Wharf, London, United Kingdom, E14 5HJ
- Status
- Active
- Employee Count
- 2
- Turnover
- £266,055,000
- EBITDA
- £10,901,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 October 2015
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- 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 Feb 2025 - 31 Jul 2025 | 15 Aug 2025 | 27 | 57% | 40% | 3% | 24% |
| 01 Aug 2024 - 31 Jan 2025 | 15 Aug 2025 | 28 | 53% | 44% | 3% | 30% |
| 01 Feb 2024 - 31 Jul 2024 | 16 Jan 2025 | 28 | 55% | 41% | 4% | 29% |
| 01 Feb 2023 - 31 Jul 2023 | 08 Jan 2024 | 29 | 56% | 39% | 3% | 35% |
| 01 Aug 2021 - 31 Jan 2022 | 10 May 2022 | 32 | 47% | 53% | 0% | 47% |
| 01 Feb 2021 - 31 Jul 2021 | 20 Oct 2021 | 32 | 45% | 48% | 7% | 49% |
| 01 Aug 2020 - 31 Jan 2021 | 20 Apr 2021 | 39 | 35% | 57% | 8% | 59% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 37 | 41% | 45% | 14% | 56% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Mar 2020 | 58 | 18% | 52% | 29% | 77% |
| 01 Aug 2018 - 31 Jan 2019 | 03 Mar 2019 | 54 | 16% | 74% | 10% | 78% |
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
Our standard terms vary due to the type of supply and are agreed as part of contract negotiations. Suppliers are predominantly paid on 30 days from the month end of invoice, whilst key consultants are paid on 7 day terms. Subcontractors, dependant on contract terms, are paid on 30, 35 or 42 day terms, following the date of assessment
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
42
Dispute Resolution Process
There are two types of disputes: 1. Where the site team have not certified the valuation, the site team are tasked to speak with and resolve any differences with the Supply chain/Sub-contractor directly. 2. Where the site team have certified the works and are satisfied the supplier should be paid, there are instances where the Finance team require additional information like insurance details, VAT invoice, Self-billing agreements or CIS verification, in which case the Finance team would request and resolve these issues directly with the supplier.
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
MCLAREN CONSTRUCTION (LONDON) LIMITED is a leading construction company based in London, United Kingdom
The company was established in 1969 and has since then completed numerous projects in various sectors including commercial, residential, and infrastructure.\n\nThe company has a strong focus on sustainability and has implemented various measures to reduce its environmental impact
This includes using sustainable materials, implementing energy-efficient practices, and reducing waste during construction.\n\nMCLAREN CONSTRUCTION offers a wide range of construction services, including pre-construction, design and build, and project management
The company also provides specialist services such as heritage restoration and fit-outs.\n\nThe company is led by a team of experienced professionals, including the CEO Phil Pringle and Managing Director Dave Smith
They are committed to delivering high-quality projects and maintaining strong relationships with clients.\n\nMCLAREN CONSTRUCTION's registered office address is at 4th Floor, 45 Moorfields, London, EC2Y 9AE
Their website, www.mclarengroup.com, provides more information about their services, projects, and sustainability initiatives
Interested parties can also contact the company through their website or by phone at +44 (0)207 510 5500
