TTT MONEYCORP LIMITED
Company number: 00738837
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 28 January 2022
and approved by David Chandler
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 22%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 45 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days is the most frequently used payment terms
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
The supplier would initially contact the purchase ledger department.
If non-payment is due to a dispute with regards the services or goods the purchase ledger department may refer the supplier to the employee responsible for the order with the aim of resolving the issue.
If the dispute is about the purchase ledger department the supplier may request to speak to the Group Financial Controller or the Head of Finance.
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