Interserve queries more than 80% of its invoices, new data suggests

By Hamish Champ2018-11-09T07:00:00

Build UK payment performance table reveals the good, the bad and the ugly

Interserve paid only 17% of its invoices on agreed terms in the six months to 30 July 2018, according to a new table from Build UK which reveals the payment performance of some of the country’s largest construction firms and clients.

As well as reporting 83% of invoices not being paid within the agreed time, the contractor, currently bogged down with a delayed hotel and residential scheme in London’s West End, took an average of 50 days to pay it suppliers.

Build UK’s table of its member firms, featuring data designed to comply with government legislation requiring large firms to report on their payment practices every six months, showed a wide range of payment performance.

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