Their own payment-practices filing · gov.uk
Readie Construction Limited paid suppliers in 32 days on average — within its stated 14–60 day terms
Their H2 2021 filing put the average 18 days past the shortest term they state (14 days), still within their 60-day upper term.
- Their stated terms
- 14–60 days
- Paid outside agreed terms
- 30% of invoices
- Paid after 61+ days
- 5%
- Reporting period
- 1 Apr 2021 – 30 Sept 2021
- Source
- their gov.uk filing, filed 21 Feb 2022
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2021 filing
Paid within their stated range — 32 against 14–60 days
Where their invoices landed · share of all invoices
The read · computed from their figures
Readie Construction Limited's H2 2021 filing put their average at 32 days against stated terms of 14–60 days; 30% of invoices were paid outside agreed terms and 5% took 61 days or longer. Filed 21 Feb 2022.
That is one statutory period on record (earliest H2 2021) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
Suppliers are predominantly paid on 30 days end of month. Subcontractors standard terms are 42 days from valuation date.
Dispute resolution
The Company tries to avoid disputes with its supply chain. Where a dispute does occur the Senior commercial team will work with the supplier / subcontractor to resolve. Where this is not successful we may then use other methods of dispute resolution such as mediation, litigation or adjudication.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2021 | 32 | 30% | 5% | 21 Feb 2022 |
On the public register · Companies House
Company record
- Status
- In Administration
- Type
- Private Limited Company
- Incorporated
- 26 Jan 2007
- Registered office
- SUITE 501, NORTHAMPTON, NN1 5JF
Illustrative · working-capital arithmetic
What a 32-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 32-day vs a 14-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · Readie Construction Limited
What's their typical pay point?
Can I see what this means for my invoices?
Stay ahead
Watch Readie Construction Limited (free)
They haven’t filed a payment report since 21 Feb 2022. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.
You’ll get a confirmation email first. Unsubscribe any time. How we handle your address.
More large companies in construction
Rainton Construction Limited · Redcastle Limited · R.N. Wooler & Company Limited · Redrow Homes Limited · R.J. Mcleod (Contractors) Limited · Reds10 (UK) Limited
How UK payment reporting works
What is a Payment Practices Report?
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-06069233 · latest period to 30 Sept 2021
Built by YORXEN LTD · registered in England & Wales · CRN 17303256 · privacy · terms.