TYMAN PLC
Company number: 02806007
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
29 January 2020
Approved by:
Jason Ashton
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 9%
Late and disputed:
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Tyman plc does not have standard payment terms. Specific payment terms are agreed directly with each supplier in advance of the commencement of business.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Should a dispute arise in connection with goods or services supplied, Tyman plc will endeavour to settle the matter without delay. Disputes should in the first instance be notified to senior representative of both parties.
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.
No
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