TCR UK LIMITED
Company number: 04299549
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
6 August 2026
Approved by:
Shen Shen Lee
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 30 days
Total value paid:
- within 30 days: £24,881,074 (65%)
- in 31 to 60 days: £9,618,317 (25%)
- in 61 days or more: £3,746,869 (10%)
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 40%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £26,361,452
- payments due in the reporting period which have not been paid within the agreed period: 49%
- not made in the reporting period due to a dispute: 2%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
The Company's standard payment terms are predominantly 30 days from the date of the supplier's invoice or 30days end of month, applying to approximately 70% of suppliers. For the remaining suppliers, particularly those providing imported goods, payment terms range from 45 to 90 days from the invoice date, reflecting the additional shipping, customs clearance and invoice processing times associated with international supply chains. Alternative payment terms are agreed contractually where appropriate.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Company is committed to resolving payment disputes promptly and fairly. Suppliers are encouraged to raise any invoice or payment queries with the Accounts Payable team in the first instance. Disputes are investigated in collaboration with the relevant business department to validate the invoice, purchase order, receipt of goods or services, and contractual terms. The Company works with suppliers to resolve disputes as quickly as possible, and payment is made promptly once the dispute has been satisfactorily resolved and the invoice is approved for payment.
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.
No
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