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CN Payment 100: how long do construction companies take to pay?


In our second major analysis of industry payment-practice reports,
Megan Kelly delves into the government data to identify the best and worst payers in the sector. We also look beyond the headline figures to uncover the often complex reasons why some companies appear able to settle their debts more swiftly than others
Slow payment has long plagued construction. It comes as no surprise to learn that, in 2020, amid a global pandemic, a national shutdown, and with many companies struggling for cash, poor payment practices have again come to the fore.
According to
Construction News’s latest analysis of government payment data, most of which was collected after the first lockdown was enforced in March 2020, many must still wait well beyond 30 days to receive payment. Adding to cashflow challenges, nearly a third of all payments breached agreed terms, typically meaning a commitment to pay by some other deadline beyond 30 days was also missed. ....

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Builders' Merchants News - Andrew Harrison to join Lords Group Trading as Non-Executive Director


14 January, 2021
Andrew Harrison
Lords Builders Merchants parent, Lords Group Trading Ltd has announced the appointment of Andrew Harrison as a Non-Executive Director with effect from 1st March 2021.
Harrison was until recently the Chief Executive Officer of the Plumbing and Heating division of Travis Perkins, and prior to that role held many senior positions within the Travis Perkins Group, including that of Chief Operating Officer of Travis Perkins and Managing Director of Keyline, Benchmarx, and CCF
Lords Group Trading will be Harrison s first appointment as a Non-Exec following an executive career spanning 41 years within the merchant industry. Harrison will be joining a board with two other Non-Executive Directors – Gary O Brien (former Finance Director of Burton and Signet Plc) and Dawn Moore (Group People Director at Murphy Group). ....

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Plans for houses on Leyland Green Road, Garswood approved

Plans for houses on Leyland Green Road, Garswood approved
sthelensstar.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sthelensstar.co.uk Daily Mail and Mail on Sunday newspapers.

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