Their own payment-practices filing · gov.uk

How long does Higgins Homes PLC take to pay its suppliers?

CRN 00843093 · Construction · 11 statutory reports on record · period to 31 Jul 2023

17days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Dated record. The latest report covers a period ending 31 Jul 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Public Limited Company
Incorporated: 29 Mar 1965
Registered office: ONE LANGSTON ROAD, ESSEX, IG10 3SD

25 outstanding charges — secured borrowing registered Accounts due 31 Jan 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 1–60 days. Reported average: 17.

Stated terms1–60d

+16 days

Reported avg17d

At a glance

The key figures

1–60d

their stated terms

59%

invoices paid outside terms

-23d

faster over the window

±17d

variable pattern

Vs peers · latest reported averages

fasterslower

Faster than 95% of the 385 large companies reporting in construction.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

terms 1d

H1 2021H1 2021H1 2022H1 2022H1 2023H1 2023

Where their supplier invoices land · latest period

within 30 days 76% 31–60 days 24% 61+ days 0%

The read · computed from their figures

Higgins Homes PLC has filed 11 statutory payment periods (earliest H1 2018). Their latest report puts the average at 17 days against stated terms of 1–60 days.

The direction is faster: from 40 to 17 days over the window — about 23 days faster.

In the latest period 59% of invoices were paid outside their agreed terms, and 0% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Standard invoices are settled the month end following the invoice month. Subcontractors are paid within the terms of the order.

Dispute resolution

Invoice queries are referred to the bought ledger department for investigation. Subcontract queries are handled by the commercial team.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2023	17	59%	0%	9 Aug 2023
H1 2023	1	13%	0%	12 Apr 2023
H1 2022	7	27%	2%	12 Apr 2023
H1 2022	35	52%	8%	16 Feb 2022
H1 2021	69	36%	12%	10 Nov 2021
H1 2021	40	38%	9%	10 Nov 2021
H1 2020	43	57%	16%	10 Nov 2021
H1 2020	52	53%	19%	10 Nov 2021
H1 2019	44	43%	7%	2 Jan 2020
H1 2019	46	43%	8%	29 Jul 2019
H1 2018	36	27%	8%	6 Mar 2018

Working-capital effect

What a 17-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 17-day vs a 1-day payment cycle.

≈ £6,500

of invoicing outstanding at any one time on a 17-day cycle — about £6,300 more than the same account would carry at 1-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?

Their reported average has moved about 23 days faster over the window (40 → 17 days).

What's their typical pay point?

Their latest reports average around day 17, moving within about ±17 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch Higgins Homes PLC (free)

Their next payment report is due ≈ 26 Feb 2024. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in construction

Higgins Construction PLC · Hill Partnerships Limited · HG Construction Limited · Hillreed Homes Limited · Hertel (UK) Limited · Homeserve Membership Limited

How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00843093 · latest period to 31 Jul 2023

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