TLC (SOUTHERN) LIMITED
Company number: 02480571
Reporting period:
1 December 2024 to 31 May 2025
Report filed on:
1 July 2025
Approved by:
Nigel Greenwood
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 71%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
45 days
Standard payment terms
Nett monthly account. Payment by the end of the month following the date of the invoices.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
75 days
No comment.
Any other information about payment terms
No comment.
Dispute resolution process
Debit notes are raised and deducted from the payment of the invoice and repaid when a credit is received.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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