ROBERTSON CONSTRUCTION EASTERN LIMITED
Company Information
- Company Number
- SC249936
- Registered Address
- 10 Perimeter Road, Elgin, Scotland, IV30 6AE
- Status
- Active
- Employee Count
- 64
- Turnover
- £31,490,000
- EBITDA
- £714,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 May 2003
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property, Infrastructure And Construction
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 39 days indicates that ROBERTSON CONSTRUCTION EASTERN LIMITED consistently settles invoices beyond typical 30-day terms. A significant majority (53%) of payments fall within the 31-60 day bracket, establishing a clear trend of settling during the second month. This trajectory suggests suppliers should anticipate payments to be received well into the second payment cycle rather than promptly.
Volatility Analysis
While a substantial portion (53%) of payments occur predictably within 31-60 days, the 31% late payment rate introduces a notable degree of unreliability into their payment behavior. The 8% of payments exceeding 60 days represents a specific risk for extended delays, impacting cash flow predictability for suppliers. Overall, suppliers face a moderate risk of payments extending beyond standard terms, necessitating careful credit management.
Summary Analysis
ROBERTSON CONSTRUCTION EASTERN LIMITED generally settles invoices within a 31-60 day window, but the 31% late payment rate and 8% exceeding 60 days indicate a need for cautious supplier engagement. Key decision factors include setting clear payment terms aligning with the typical 39-day average and establishing robust follow-up processes. To mitigate risk, suppliers should consider establishing appropriate credit limits, monitoring payment behavior closely, and factoring potential delays into their own cash flow projections.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We do not have standard payment terms, instead they range from immediate payment due, to 45 days. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period were 30 days. Suppliers are paid on a weekly basis by BACS.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Our business closes for 2 weeks over the Christmas / New Year period. This has an adverse impact upon our length of time taken to pay during that period, in particular purchase ledger invoices.
Maximum contractual payment period agreed
45
Dispute Resolution Process
We are committed to resolving any disputed invoices quickly. We perform monthly purchase ledger reconciliations to highlight any invoices which are not on the ledger and to request these from suppliers. Separately, we also actively pursue goods received notes and service reports from suppliers. However, where it is not possible to reach agreement, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.
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.
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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
Company Summary
ROBERTSON CONSTRUCTION EASTERN LIMITED is an active private limited company that provides construction services. Its name indicates a focus on the eastern region.
The company was incorporated on 22 May 2003 and is registered in Scotland under company number SC249936. Its registered office is situated at 10 Perimeter Road, Elgin, Scotland, IV30 6AE.
Construction companies in the UK typically specialise in delivering a range of building and civil engineering projects. Their services often encompass project management, site preparation, structural development, and the completion of various commercial and residential constructions.
