GOV.UK
TILBURY DOUGLAS CONSTRUCTION LIMITED
Company number: 00303359
Reporting period:
1 January 2024
to 30 June 2024
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 31 July 2024
and approved by Matthew Gill
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 50%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
The majority of our suppliers are on payment terms of between 7 and 60 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes can be sent to the Finance Team who seek to resolve the issue and where necessary consult with the procurement and or site team. In exceptional circumstances the matter may be referred to an executive director to resolve. Where the contract terms and conditions provide, the matter may be addressed through the formal dispute procedure.
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.Yes – Yes – Prompt Payment Code
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