Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 May 2023 - 31 Oct 2023 | 12 Dec 2023 | 56 | 13% | 45% | 42% | 13% |
| 01 Nov 2022 - 30 Apr 2023 | 27 Jul 2023 | 63 | 13% | 52% | 35% | 9% |
| 01 May 2022 - 31 Oct 2022 | 21 Mar 2023 | 52 | 16% | 50% | 34% | 12% |
| 01 Nov 2021 - 30 Apr 2022 | 21 Mar 2023 | 31 | 55% | 40% | 5% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Key and preferred suppliers sign to 45 days from end of month. Suppliers identified as SME's are paid to 30 day terms
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
75
Disputes in relation to payments are initiated with the purchase ledger department and our procurement department whom governs the payment process. Where Payments are withheld for any reason this is discussed with the supplier in the first instance. If an agreement cannot be made this is then escalated to the Financial Director whom will discuss with their opposite number whether an agreement can be reached. During the period there has been no withheld payments that have gone beyond this point.
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
This company was incorporated in 2020 as AK Highways Limited and traded as Keltbray Highways Limited before being renamed Aureos Highways Limited in December 2024. It is registered under SIC code 42990, construction of other civil engineering projects, and has been controlled by Aureos Infrastructure Services Limited since October 2023, indicating it operates as part of that wider group. Public contract records show it has been awarded civil engineering and infrastructure works contracts, including a framework agreement with a regional councils association and a highways contract with a local authority, together valued at around £1.8 billion. The company remains active, filing accounts and confirmation statements with Companies House.
Generated from the company's website and Companies House records. Sources: companiesintheuk.co.uk