// payment practices, as filed · company 08840373
The Harmony Trust Ltd: how it pays its suppliers, from its own filing
The Harmony Trust Ltd reports paying its suppliers in an average of 25 days, with 38% of invoices paid later than the agreed terms, for the period 1 March 2026 to 31 August 2026. Across the 1,496 companies that report on construction contracts, the median is 31 days and 14% late. Every figure below is the company’s own, approved by a director and published on the government register; this page reproduces it and says what it means for a subcontractor.
25 days
Average days to pay
longer than 28% of the 1,496 filers; median 31 days
38%
Paid later than agreed
a higher share than 87% of filers; median 14%
85%
Paid within 30 days
4% took longer than 60 days
The terms it declares
- Standard payment terms
- 0 to 30 days
- Maximum contractual period
- 288 days
- Paid in 31 to 60 days
- 11%
- Paid after 60 days
- 4%
- Not paid because of a dispute
- 10%
- Filed on
- 30 September 2026
Their standard terms, in their words
Most contracts have standard payment terms of 30 days, however some businesses have an agreement to receive payment in shorter periods, such as supply agencies on 14 days. We also have some suppliers for Capital works on 0 days to ensure they are picked up on our weekly payment run as soon as works have been signed off.
Retention
- Retention clauses in construction contracts
- yes
- Standard retention rate
- 3%
- In all construction contracts
- no
- Same terms they receive from their own client
- yes
- When they apply retention
- Under the terms of the JCT contract that is the industry standard for minor and major building works. 5% retention is withheld during the contract. Once practical completion is achieved 2.5% of the contract figure is withheld until the end of the contract’s defects liability period, which is generally 12 months.
- On parity with their client
- The retention policy follows the industry standard for JCT contracts
What this means if you are pricing work for them
The share paid later than agreed is the number to read first, because a short term makes an invoice late sooner and a long one hides lateness inside the term. The Harmony Trust Ltd is above the median on that measure, so build the delay into your cash flow before you sign. The average days to pay sits under the median.
On a 30-day term this company’s average lands inside the term, so a late invoice is the exception. When one is late, the calculator shows what statutory interest and the fixed sum add, which the law lets you charge without a clause.
Against the official benchmark: the Department for Business and Trade’s statistics for 2025, published 14 July 2026, put large construction businesses at 33 days to pay with 14% of invoices late by number (13% by value), and all large businesses at 32 days and 15% late. The Harmony Trust Ltd is at or inside the sector figure on days. Its late share is above the sector figure.
What the register does not show: it is self-reported, large companies only, and the filing covers the whole company, not your contract. Read it alongside the notice rules that decide what you are actually owed, and keep your own dates.
Questions subcontractors ask about The Harmony Trust Ltd
- How long does The Harmony Trust Ltd take to pay its suppliers?
- The Harmony Trust Ltd reported an average of 25 days to pay an invoice for 1 March 2026 to 31 August 2026, with 85% of invoices paid within 30 days and 4% taking longer than 60 days. The official 2025 figure for large construction businesses is 33 days.
- Does The Harmony Trust Ltd pay late?
- By its own filing, 38% of The Harmony Trust Ltd's invoices were paid later than the agreed terms, against 14% across large construction businesses in 2025 and a median of 14% among the 1,496 companies on this register that declare construction contracts.
- Does The Harmony Trust Ltd hold retention?
- Yes. The Harmony Trust Ltd declares retention clauses in its construction contracts at a standard rate of 3%, though not in all of them. The filing's own wording is quoted above.
- Can I charge The Harmony Trust Ltd interest on a late invoice?
- Yes, under the Late Payment of Commercial Debts (Interest) Act 1998, from the day after the final date for payment, at 8% over the Bank of England base rate plus a fixed sum per invoice, without any clause in the contract. The calculator works it out for your figures.
Source: the company’s own report on the government’s payment practices service, report 117171, made under the Reporting on Payment Practices and Performance Regulations 2017 and reproduced under the Open Government Licence v3.0. Register copy taken 2 October 2026; comparisons are against the latest filing of each of the 1,496 companies declaring construction contracts. Figures are as filed, not judged. Not legal advice.
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- Pay less notice: what it must say and when it must arriveWhat a pay less notice must contain under s.111 of the Construction Act, the deadline (contract or 7 days before the final date), and what happens if it's late.
- Late payment interest rate UK: how the 8% over base rule works, and why the date mattersUK late payment interest is 11.75% for business invoices due from 1 July 2026. How it is set, the £40/£70/£100 fixed sums, and a worked example on £18,400.
- Which main contractors pay late? What the payment practices register saysTen UK main contractors' filed payment figures: average days to pay, share paid late, report links. Median of 1,496 construction filers: 31 days, 14% late.
- Every company that files on construction contractsThe full A to Z, 1,496 filers, each with its own page.