TCR UK LIMITED
Company number: 04299549
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 30 July 2020
and approved by Mr Ashley Dexter
Payment statistics
Average time taken to pay invoices: 66 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 51%
- in 61 days or more: 38%
Invoices due but not paid within agreed terms: 88 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
TCR's Standard Payment Terms is usually 45 days. However, this can flex depending on negotiation agreed with Vendor.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
101 days
Any other information about payment terms
N/A
Dispute resolution process
When dispute arise, the company take the matter seriously. This usually involve gathering all necessary information and thorough investigation. The company will strive to resolve the matter as soon as possible; either through face to face meeting, telephone call or via e-mail exchange.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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