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Build UK has updated its payment performance table to include data on the value of invoices paid within 60 days for the first time. Following the introduction of new reporting requirements from 1 January 2025, large companies are now required to report on both the value and number of invoices paid within 0 – 30, 31 – 60 and over 60 days to provide even greater transparency for the supply chain around payment performance.
Information on the value of invoices paid within 60 days is currently available in the Build UK table for 16 out of our 21 tier one Contractor members that are required to report, and the full set of results will be available in May 2026 when the remainder have submitted their first reports. On average, Build UK tier one Contractor members paid 97% of invoices within 60 days by value compared to 96% by number, highlighting consistency of payment performance within 60 days whether measured by value or number of invoices.
Due to the way that companies are required to report on the value of invoices not paid within the agreed terms, Build UK is not able to include this data in its table at this stage, and are in discussions with the Department for Business and Trade about what can be done to collect and present this data in a meaningful way.
The Government has also laid draft legislation to require companies to include their payment results in their Directors’ reports from 1 January 2026 and is consulting on further measures to improve payment practices as part of its Small Business Plan.
