// payment practices, as filed · company 02426132
Leonardo UK Ltd: how it pays its suppliers, from its own filing
Leonardo UK Ltd reports paying its suppliers in an average of 26 days, with 23% of invoices paid later than the agreed terms, for the period 1 January 2026 to 30 June 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.
26 days
Average days to pay
longer than 31% of the 1,496 filers; median 31 days
23%
Paid later than agreed
a higher share than 68% of filers; median 14%
74%
Paid within 30 days
8% took longer than 60 days
The terms it declares
- Standard payment terms
- 30 to 60 days
- Maximum contractual period
- 90 days
- Paid in 31 to 60 days
- 18%
- Paid after 60 days
- 8%
- Not paid because of a dispute
- 100%
- Filed on
- 29 July 2026
Their standard terms, in their words
The purpose of this policy is to provide clear guidelines to employees, suppliers and all other stakeholders in respect of the payment policies of Leonardo UK Ltd. The over-riding principle when writing the policy is to ensure suppliers are treated fairly, and that the company and our suppliers both benefit from reasonable terms of payment, that are both achievable and do not adversely affect cash-flow for either party. We therefore endeavour to ensure: • The company aims to ensure suppliers are paid on time within the terms agreed at the outset of the contract. • The company will not att…
Their explanation
Other Information on payment terms & calculation methods The supplier invoice date has been used instead of the invoice receipt date, in instances where we currently have no other consistent reliable method of recording the date of receipt. Our date of receipt is measured from the date the invoice is received by our Accounts Payable team and this is used as the basis for the report. However, some of these invoices are not contractually due from this date. Those that relate to workshare partner performance on certain contracts are contractually due from the point that we receive payment fro…
Every filing since Jun 2018
Leonardo UK Ltd has filed 17 times. The share paid late is down 10 points on the previous filing, and the average days to pay down 4 days. The first filing, for the period to 30 June 2018, reported 40 days and 44% late.
| Period to | Days to pay | Paid late | Within 30 days | Over 60 days |
|---|---|---|---|---|
| 30 June 2026 | 26 | 23% | 74% | 8% |
| 31 December 2025 | 30 | 33% | 65% | 12% |
| 30 June 2025 | 32 | 45% | 59% | 15% |
| 31 December 2024 | 26 | 22% | 70% | 5% |
| 30 June 2024 | 27 | 19% | 72% | 7% |
| 31 December 2023 | 26 | 19% | 73% | 6% |
Retention
This filing declares no retention clauses in its construction contracts. If your subcontract with Leonardo UK Ltd does hold retention, the contract governs; the retention piece explains how to get it released.
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. Leonardo UK 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. Leonardo UK 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 Leonardo UK Ltd
- How long does Leonardo UK Ltd take to pay its suppliers?
- Leonardo UK Ltd reported an average of 26 days to pay an invoice for 1 January 2026 to 30 June 2026, with 74% of invoices paid within 30 days and 8% taking longer than 60 days. The official 2025 figure for large construction businesses is 33 days.
- Does Leonardo UK Ltd pay late?
- By its own filing, 23% of Leonardo UK 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. That is down 10 points on its previous filing (33% for the period to 31 December 2025).
- Does Leonardo UK Ltd hold retention?
- Leonardo UK Ltd declares no retention clauses in its construction contracts in this filing. Your subcontract governs; if it holds retention, the contract terms decide when it is released.
- Can I charge Leonardo UK 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 114601, 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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