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Company number: 02280000

Reporting period:
1 April 2022 to 30 September 2022

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 19 October 2022

and approved by Mike Davies

Payment statistics

Average time taken to pay invoices: 98 days

Invoices paid:

Invoices due but not paid within agreed terms: 69 %

Payment terms

Shortest standard payment period

14 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?


Maximum contractual payment period agreed

180 days

Any other information about payment terms


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 tea can be contacted via email ( 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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?