TUFFNELLS PARCELS EXPRESS LIMITED
Company Information
- Company Number
- 00319964
- Registered Address
- C/O Interpath Advisory 10th Floor, One Marsden Street, Manchester, M2 1HW
- Status
- In Administration
- Employee Count
- 2,277
- Turnover
- £178,129,000
- EBITDA
- £8,066,000
Additional Details
- Website
- https://tuffnells.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 26 October 1936
- Nature of Business
- 49410 - Freight transport by road
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
Over the past three periods, there has been a trend towards earlier payment of invoices, with the percentage of invoices paid within 30 days steadily increasing. This trend is reflected in the decrease in the average time to pay invoices, from 36 days to 25 days.
Volatility Analysis
There is a moderate level of volatility in TUFFNELLS PARCELS EXPRESS LIMITED's payment patterns, as seen in the fluctuation of the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a consistent trend towards earlier payment overall.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Sept 2019 - 29 Feb 2020 | 01 Apr 2020 | 25 | 83% | 14% | 3% | 35% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 24 | 79% | 17% | 4% | 29% |
| 01 Sept 2018 - 28 Feb 2019 | 27 Mar 2019 | 26 | 78% | 17% | 5% | 60% |
| 01 Mar 2018 - 31 Aug 2018 | 08 Oct 2018 | 36 | 66% | 20% | 14% | 64% |
| 01 Sept 2017 - 28 Feb 2018 | 29 Mar 2018 | 25 | 69% | 30% | 1% | 57% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms of 30 days are deemed the firm's default, unless specific agreement is reached with individual suppliers for an alternative payment period. Sub-contractor payments are 18 days from invoice week ending date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
50
Dispute Resolution Process
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Tuffnells Parcels Express Limited is a British parcel delivery company that provides nationwide delivery services for both businesses and individuals. The company was founded in 1914 and has been operating for over 100 years.
As part of their sustainability efforts, Tuffnells Parcels Express Limited has implemented various initiatives to reduce their environmental impact. They have invested in a fleet of low-emission vehicles and have implemented green practices in their warehouses, such as using energy-efficient lighting and recycling packaging materials.
The company offers a range of parcel delivery services, including next-day and same-day delivery, as well as international delivery options. They also provide specialized services for bulky and heavy items, such as furniture and machinery.
One of the key people at Tuffnells Parcels Express Limited is their CEO, Michael Holt. He has been with the company for over 20 years and has played a crucial role in its growth and success.
For customers looking to contact Tuffnells Parcels Express Limited, they can do so through their website or by visiting their registered office at Express House, Fiddlers Lane, Irlam, Manchester, M44 6QH. The company's website is www.tuffnells.co.uk, where customers can track their parcels, get a quote, and find more information about their services.
