T.S.S. (TOTAL SECURITY SERVICES) LIMITED
Company number: 02426982
Reporting period:
1 May 2022
to 31 October 2022
This report was filed on 30 March 2023
and approved by Jamie Caplin
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 70%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
30 days
Standard payment terms
Our standard payment terms are 30 to 45 days
Were there any changes to the standard payment terms in the reporting period?
Yes – Moved from 30 to 45 days
Were suppliers notified or consulted about these changes before they were made?
Yes – Phone calls
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
Any payment disputes with suppliers are dealt with by the finance team. We aim to resolve any disputes within 14 working days. If the dispute cannot be resolved amicably it may be passed to for external mediation.
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