Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 81.18/100 qualifies for PaymentCheck Certification
| 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 Mar 2020 - 31 Aug 2020 | 11 Feb 2021 | 31 | 75% | 20% | 5% | 7% |
| 01 Sept 2019 - 29 Feb 2020 | 11 Feb 2021 | 33 | 73% | 19% | 8% | 8% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 30 | 76% | 13% | 11% | 7% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 32 | 74% | 14% | 12% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Subcontract payment terms are agreed as part of individual contract negotiations. Payment terms are generally 30 days from the end of month.
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
90
The company has a dispute resolution policy which involves direct communication between our accounts and surveying department and our suppliers to establish the facts about the dispute. If resolution is not reached it is escalated to the company board for referral to a 3rd party.
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
Heron Bros Limited is a construction and property development company based in Draperstown, County Londonderry, operating across the UK, Ireland and Europe. It delivers projects including commercial retail, education, health and pharmaceutical facilities, industrial buildings, offices, community and regeneration schemes, heritage restoration and maritime infrastructure, working with public, private and third sector clients. The company also offers fit out, manufacturing, minor works and renewable energy services. It employs over 250 people and reports turnover exceeding £160 million. Incorporated in 1982, it remains active and describes itself as an award winning contractor with almost seventy years of operation, holding places on various public and private sector construction frameworks.
Generated from the company's website and Companies House records. Sources: heronbros.com · heronbros.com