GOV.UK
TSL LIMITED
Company number: 04492402
Reporting period:
1 July 2023
to 31 December 2023
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 4 July 2024
and approved by Elizabeth Porter
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 41%
- in 61 days or more: 30%
Invoices due but not paid within agreed terms: 54 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
45 days
Standard payment terms
Most of our suppliers are on standard terms of end of month following invoice. Our subcontractors are 35 days, 45 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers/subcontractors are informed of any disputes directly by the project team. Every effort is taken to resolve these quickly. In the event of no resolution by the people directly involved then it will be escalated to an appropriate manager/director.
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