R.TWINING AND COMPANY LIMITED
Company Information
- Company Number
- 00525071
- Registered Address
- Weston Centre, 10 Grosvenor Street, London, W1K 4QY
- Status
- Active
- Employee Count
- 405
- Turnover
- £221,591,000
- EBITDA
- £86,072,000
Additional Details
- Website
- https://www.twinings.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 27 October 1953
- Nature of Business
- 46370 - Wholesale of coffee, tea, cocoa and spices
- Industries
- Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 28 Feb 2025 | 28 Mar 2025 | 29 | 72% | 23% | 5% | 19% |
| 01 Sept 2023 - 29 Feb 2024 | 29 Mar 2024 | 25 | 68% | 30% | 2% | 11% |
| 01 Sept 2022 - 28 Feb 2023 | 17 Mar 2023 | 27 | 68% | 26% | 5% | 14% |
| 01 Mar 2022 - 31 Aug 2022 | 29 Sept 2022 | 30 | 60% | 35% | 5% | 15% |
| 01 Sept 2021 - 28 Feb 2022 | 30 Mar 2022 | 31 | 58% | 34% | 8% | 10% |
| 01 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | 29 | 60% | 34% | 6% | 15% |
| 01 Sept 2020 - 28 Feb 2021 | 25 Mar 2021 | 27 | 64% | 30% | 6% | 10% |
| 01 Mar 2020 - 31 Aug 2020 | 29 Sept 2020 | 28 | 64% | 32% | 4% | 10% |
| 01 Sept 2018 - 28 Feb 2019 | 29 Mar 2019 | 37 | 41% | 43% | 16% | 52% |
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 for suppliers are within 60 days of the invoice. This is stated on all our purchase orders and applied to all suppliers, unless different terms are negotiated. Where suppliers are identified as small, our standard practice is to pay these within 30 days of the invoice, unless shorter terms are negotiated.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
1. Suppliers are advised at the time of sending a purchase order to raise any future queries with the person who has created them. The Finance team are able to inform suppliers with the name of this person. 2. If a supplier believes we have failed to make a payment within the time it is due then they would normally raise this with either the person who raised the purchase order or the Finance team. 3. Twinings take a proactive approach to managing any disputes regarding payments.
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
R.TWINING AND COMPANY LIMITED is a British tea company that has been in operation since 1706. They are known for their high-quality teas and have a strong commitment to sustainability.
The company's sustainability program includes initiatives to reduce their carbon footprint, minimize waste, and support ethical sourcing practices. They have invested in renewable energy sources and have implemented recycling programs at their facilities.
R.TWINING AND COMPANY LIMITED offers a wide range of tea products, including traditional black teas, herbal teas, and specialty blends. They also offer a variety of tea accessories and gift sets.
The company is led by the Twinings family, with Stephen Twining as the current Director. They have a team of experts who carefully select and blend the tea leaves to ensure the highest quality products.
Customers can contact R.TWINING AND COMPANY LIMITED through their website, which also contains information about their products, sustainability efforts, and history. Their registered office address is at South Way, Andover, Hampshire SP10 5AQ, UK.
In conclusion, R.TWINING AND COMPANY LIMITED is a well-established British tea company with a strong commitment to sustainability and offering high-quality tea products. Their dedication to ethical practices and customer satisfaction has made them a trusted and beloved brand for over 300 years.
