Their own payment-practices filing · gov.uk
Novus Property Solutions Limited pays suppliers in 19 days on average — inside its 30-day stated terms
Their H1 2026 filing puts the average 11 days inside their stated 30-day term.
- Their stated terms
- 30 days
- Paid outside agreed terms
- 13% of invoices
- Paid after 61+ days
- 1%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 28 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid 11 days inside the 30-day term they state
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
27 → 19 days — getting faster
The read · computed from their figures
Novus Property Solutions Limited's H1 2026 filing puts their average at 19 days against stated terms of 30 days; 13% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 28 Jul 2026.
The direction is faster: from 27 days in H2 2023 to 19 now — 8 days faster across their last 6 reports.
On the latest reported averages: Faster than 93% of the 394 large companies reporting in construction.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
Material and overhead invoices are paid 30 days from invoice date unless specifically agreed otherwise. Subcontractors are required to submit applications by no later than the 21st of the month, reflecting the anticipated valuation of work delivered as at that month end (Valuation Date). Following the principles of the Construction Act, the Due Date for approved applications is 35 days after the Valuation Date, with the final date for payment 14 days after the Due Date. Subcontractors have the opportunity to request weekly payments. Further information on payment terms can be found at novussolutions.co.uk/tc
Dispute resolution
Novus seeks to avoid disputes by maintaining an open dialogue with its supply chain. When disputes arise Novus seeks to resolve the matter via the following channels: Disputes should be discussed with the ordering party. If this does not resolve the situation the matter should be escalated to both parties’ immediate line management. If this escalation fails to achieve a mutually acceptable solution the matter will be referred to a director for a final decision. Novus aims to resolve all disputes without third party intervention but on occasion this may be necessary and there are a number of options available to our supply chain: • Subcontract disputes may be referred to adjudication. • Non-subcontract disputes, and subcontract disputes that cannot be resolved by adjudication - either party
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 19 | 13% | 1% | 28 Jul 2026 |
| H2 2025 | 23 | 10% | 3% | 30 Jan 2026 |
| H1 2025 | 32 | 10% | 5% | 30 Jul 2025 |
| H2 2024 | 33 | 16% | 4% | 30 Jan 2025 |
| H1 2024 | 29 | 10% | 4% | 30 Jul 2024 |
| H2 2023 | 27 | 18% | 5% | 30 Jan 2024 |
| H1 2023 | 36 | 11% | 5% | 26 Jul 2023 |
| H2 2022 | 34 | 26% | 10% | 30 Jan 2023 |
| H1 2022 | 32 | 18% | 6% | 29 Jul 2022 |
| H2 2021 | 33 | 10% | 6% | 26 Jan 2022 |
| H1 2021 | 29 | 8% | 4% | 13 Sept 2021 |
| H2 2020 | 27 | 22% | 5% | 29 Jan 2021 |
| H1 2020 | 33 | 9% | 6% | 29 Jul 2020 |
| H2 2019 | 28 | 22% | 4% | 28 Jan 2020 |
| H1 2019 | 29 | 12% | 5% | 30 Jul 2019 |
| H2 2018 | 26 | 13% | 3% | 25 Jan 2019 |
| H1 2018 | 30 | 14% | 6% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 12 Jul 1989
- Registered office
- FIVE TOWNS HOUSE HILLSIDE, STOKE-ON-TRENT, ST1 5SH
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How UK payment reporting works
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What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-02403551 · latest period to 30 Jun 2026
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