STEWART MILNE GROUP LIMITED
Company Information
- Company Number
- SC057709
- Registered Address
- C/O Teneo Financial Advisory Limited, 66 Hanover Street, Edinburgh, EH2 1EL
- Status
- In Administration
- Employee Count
- 486
- Turnover
- £172,384,000
- EBITDA
- -£33,839,000
Additional Details
- Website
- https://stewartmilne.com
- Company Type
- Private limited Company
- Incorporated On
- 8 May 1975
- Nature of Business
- 41201 - Construction of commercial buildings70100 - Activities of head offices
- Industries
- Property, Infrastructure And Construction
- Region
- Scotland
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 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 59 | 14% | 42% | 43% | 49% |
| 01 Nov 2022 - 30 Apr 2023 | 25 May 2023 | 60 | 16% | 40% | 44% | 75% |
| 01 Nov 2021 - 30 Apr 2022 | 30 May 2022 | 51 | 20% | 52% | 28% | 33% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 54 | 23% | 45% | 33% | 50% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 51 | 26% | 45% | 29% | 42% |
| 01 Jul 2019 - 31 Oct 2019 | 29 Nov 2019 | 59 | 12% | 41% | 47% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 58 | 8% | 38% | 54% | 55% |
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 company negotiates and agrees payment terms with its suppliers. This will result in payment terms varying per supplier. The most common payment term is current month plus 30 days; although payment terms can range from being payable on receipt to current month plus 60 days.
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
Dispute Resolution Process
Supplier invoices and payments are managed by the various divisions at Stewart Milne Group; each division being responsible for their own supplier invoices. Disputed invoices will be communicated with the supplier by the appropriate department/individual involved. This will be investigated and resolved by the appropriate department and resolved in a timely manner. Divisional Finance Director’s will get involved if required. Complaints from supplier about payment and payment disputes are dealt with on an individual basis. In cases of non-payment; the supplier is kept up to date with the status by the division responsible. Complaints are raised in the first instance with the person responsible for the contract and can be escalated to divisional finance director and divisional managing director 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.
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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.
❌
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
Stewart Milne Group Limited is a leading UK-based construction company that specializes in building sustainable homes and commercial properties. With over 40 years of experience in the industry, the company has established itself as a leader in sustainable construction and has a strong commitment to environmental responsibility.
The company's sustainability program focuses on reducing its carbon footprint and promoting energy efficiency in all its projects. It also works closely with local communities to ensure that its developments are socially and economically sustainable.
Stewart Milne Group Limited offers a range of products and services, including residential and commercial properties, timber frame homes, and off-site construction solutions. The company prides itself on using innovative and sustainable building techniques to create high-quality, energy-efficient homes and buildings.
The key people behind Stewart Milne Group Limited include Executive Chairman Stewart Milne and Chief Executive Officer Stuart MacGregor, both of whom have extensive experience in the construction industry.
The company's website address is https://www.stewartmilne.com, where customers can find information about its products, services, and sustainability initiatives. The registered office address is Westhill Business Park, Arnhall Business Park, Prospect Road, Westhill, Aberdeenshire, AB32 6FJ, UK.
In conclusion, Stewart Milne Group Limited is a leading construction company that is committed to sustainability and offers a range of high-quality, energy-efficient products and services. With its experienced leadership and strong focus on sustainability, the company is well-positioned to continue its success in the construction industry.
