TCR UK LIMITED
Company number: 04299549
Reporting period:
1 July 2022
to 31 December 2022
This report was filed on 27 January 2023
and approved by SHEN SHEN LEE
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 50%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 53 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
185 days
Standard payment terms
TCR standard paymnet terms is 45days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Dispute Resolution
TCR General Clause:
14.8. Governing law. The Contract, and any dispute
or claim arising out of or in connection with it or its
subject matter or formation (including non-contractual
disputes or claims), shall be governed by, and
construed in accordance with the law of Belgium.
14.9. Jurisdiction. Each party irrevocably agrees that
the commercial court of Brussels, Belgium shall have
exclusive jurisdiction to settle any dispute or claim
arising out of or in connection with this agreement
or its subject matter or formation (including
non-contractual disputes or claims
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.
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