The actual payment terms and periods in the UK roofing industry have worsened for contractors, leading to more lengthy deferments during 2023. But there was a gradual recovery over the course of 2024. With original Q1 2023 levels, bouncing back by Q1 2025.
Interestingly, there was quite a discrepancy between ‘agreed’ and ‘actual’ payment periods, with a 32% late payment rate experienced by UK roofing contractors in 2024.
(Source: NFRC State of UK Roofing Industry 2025 Spring)
The worst phase of actual payment periods faced by UK roofing contractors occurred in Q3 2024, with just under 30% of payments being made between 46-60 days (compared with under 20% in Q1 of 2023).
Then a bounceback occurred in 2024 with payments between 31-45 days increasing and a disappearance of 61+ day payments. Perhaps this improvement could be attributed to payment terms being used more readily by contractors as a lever for negotiation when price competition heightened.
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