TATA STEEL UK LIMITED
Company number: 02280000
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
23 October 2025
Approved by:
Kaushik De
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 105 days
Total value paid:
- within 30 days: £232 (25%)
- in 31 to 60 days: £257 (28%)
- in 61 days or more: £445 (48%)
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 11%
- in 61 days or more: 84%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £515
- payments due in the reporting period which have not been paid within the agreed period: 89%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
180 days
Standard payment terms
Tata Steel UK Limited (“TSUK”) does not have a standard payment term. TSUK has a range of payment terms dependent on a number of factors. The most common payment term used within the company is that payment of undisputed amounts, unless otherwise set out in a Purchase Order, shall be made on the last day of the second calendar month after the month of delivery or performance, provided the invoice quotes the relevant Purchase Order number and relevant Service Entry Sheet (“SES”) number and such invoice reaches TSUK by the 5th of the month following the month of delivery.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
180 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Contracts for construction or acquisition of large equipment's generally includes acceptance as one of the milestone for payment which could extend upto 9 months after takeover/delivery.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
1. In the case of large equipment supply there is no set percentage or value which is fixed. However depending on what is agreed on the individual contract basis (x%) then, at Take Over/Acceptance against an on-Demand Bank Guarantee valid to end of Defects Liability period that amount is paid. 2. For Civil work we retain typically 3/5% on every invoice which is then released 50% on Practical Completion and remaining 50% and end of Defects Liability period typically 12-36 months from acceptance.
Is the money released in stages?
Yes:
The stages are at Takeover/Acceptance
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
5%
Dispute resolution process
TSUK has a dedicated Contact Centre for external communications. The Contact Centre offers support on any query or will assist in directing queries to the relevant department for resolution. The team can be contacted via email (ATCE.Purchase.Accounting@tatasteeleurope.com) or telephone (01639 605300), Monday to Thursday, 8:30am to 4:45pm and Friday, 8:30am to 3:45pm. TSUK attempts to resolve all queries relating to disputed payments at the initial point of contact. Queries left unresolved, and needing investigation after the initial contact, are given a reference number. TSUK will further investigate the unresolved query and provide regular updates to the supplier until resolution.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
Yes
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No