Government legislation states that all large UK companies now have a duty to report on their payment policies, practices and performance. This means that if a company or LLP exceeds at least two of the following criteria then they must report their information within 30 days of each six month period (aligned with the company’s own key financial reporting dates, such as a year end).
- £36m annual turnover
- £18m balance sheet total
- 250 employees
To help subcontractors better understand contractual risk, and to develop practices and processes which help them to get paid in full and on time, PJE International monitors and reports these results on a regular basis. What follows is a list of key main contractor companies who have reported new results in 2020.
|Contractor||Average time to pay||% of Invoices not paid within agreed terms|
|MACE MACRO LIMITED||51||64|
|KIER PROPERTY DEVELOPMENTS LIMITED||25||58|
|MULTIPLEX CONSTRUCTION EUROPE LIMITED||55||47|
|ISG INTERIOR SERVICES GROUP UK LIMITED||57||46|
|ENIGMA INDUSTRIAL SERVICES LTD||58||42|
|BAM CONSTRUCT UK LIMITED||38||37|
|BALFOUR BEATTY GROUP LIMITED||41||31|
|JOHN SISK & SON LIMITED||32||30|
|BOUYGUES (U.K.) LIMITED||41||27|
|J. MURPHY & SONS LIMITED||25||24|
|GALLIFORD TRY CONSTRUCTION LIMITED||43||22|
|ENGIE BUILDINGS LIMITED||36||21|
|SIR ROBERT MCALPINE LIMITED||31||21|
|CANARY WHARF CONTRACTORS LIMITED||37||20|
|WATES PROPERTY SERVICES LIMITED||39||20|
|VISTRY PARTNERSHIPS LIMITED||42||20|
Remember, if you are having difficulty resolving a payment dispute, our expert team can help you challenge unethical main contractor behaviour and protect the profitability of every job you take on.