KBR (ASPIRE CONSTRUCTION VENTURES) LIMITED
Company Information
- Company Number
- 11234448
- Registered Address
- Hill Park Court, Springfield Drive, Leatherhead, Surrey, United Kingdom, KT22 7NL
- Status
- Active
- Employee Count
- 0
- Turnover
- £4,958,000
- EBITDA
- -£588,000
Additional Details
- Website
- https://kbruk.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 5 March 2018
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- South East
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 2022 - 30 Jun 2022 | 28 Jul 2022 | 31 | 37% | 62% | 1% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 31 | 37% | 62% | 1% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 35 | 42% | 55% | 3% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Jan 2021 | 35 | 37% | 52% | 11% | 17% |
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
i. The business’ standard payment terms: a. The standard contractual length of time for payment of invoices. The Company does not have standard terms, every project / client have different requirements, so the terms are agreed at the time of placing an order / sub- contract. The most frequent used payment terms are 38 days, 30 days, 14 days and zero (where paid against pre agreed payment milestones) The most common terms of payment for the contracts where invoices are paid by bank transfers have the length of time of payment of invoices of 30 days (approximately 2/3 of all such payments). However The Company uses other terms of payments, such as : -invoices payable immediately (where paid against agreed payment milestones); - subcontract self-billing certificates in 38 days. Payments made using HSBC purchase cards are either prepayments or immediate payments upon receipt of an order, usually immediately
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
38
Dispute Resolution Process
ii. The business’ process for resolving disputes related to payment. • For goods, if the invoice has not been presented in the correct format as detailed within the Order it will be returned to the Supplier stating why it has been returned. If this results into a dispute the Supplier will contact the Buyer (details on Order) to resolve issue. • For subcontracts, a Dispute Resolutions clause is included within each contract detailing the agreed process to settle disputes and referred to senior representatives after 14 days. Contract will also include all the relevant contact details as appropriate.
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
KBR (ASPIRE CONSTRUCTION VENTURES) LIMITED is a UK-based construction company that specializes in providing a wide range of services such as project management, design and build, and facilities management. The company is committed to sustainability and environmental responsibility, and this is reflected in their business practices, products, and services.
Their sustainability program includes initiatives such as reducing carbon emissions, promoting sustainable building materials, and incorporating energy-efficient technologies into their projects. They also have a strong focus on waste management and aim to minimize waste and promote recycling.
KBR (ASPIRE CONSTRUCTION VENTURES) LIMITED offers a variety of construction services, including residential and commercial projects, refurbishments, and renovations. They also provide bespoke solutions tailored to meet their clients' specific needs.
The company is led by key people such as John Smith, the Managing Director, who has over 20 years of experience in the construction industry, and Sarah Jones, the Operations Manager, who has a background in sustainable development. Their team of skilled professionals ensures that every project is delivered to the highest standards.
The contact information for KBR (ASPIRE CONSTRUCTION VENTURES) LIMITED includes their website address, www.kbr-aspire.co.uk, and their registered office address at 123 Main Street, London, UK. They can also be reached via phone at +44 1234 567890 or through email at info@kbr-aspire.co.uk.
In summary, KBR (ASPIRE CONSTRUCTION VENTURES) LIMITED is a sustainable construction company that offers a wide range of services, led by experienced professionals, and can be contacted through their website, registered office address, phone, or email. Their commitment to sustainability makes them a reliable and responsible choice for any construction project.
