TI GROUP AUTOMOTIVE SYSTEMS LIMITED
Company Information
- Company Number
- 00581742
- Registered Address
- 4650 Kingsgate Cascade Way, Oxford Business Park South, Oxford, Oxfordshire, OX4 2SU
- Status
- Active
- Employee Count
- 37
- Turnover
- £30,344,000
- EBITDA
- £1,179,000
Additional Details
- Website
- https://tiautomotive.com
- Company Type
- Private limited Company
- Incorporated On
- 5 April 1957
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Road Travel
- Region
- South East
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 29 | 57% | 40% | 3% | 54% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 27 | 68% | 30% | 3% | 44% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 38 | 47% | 42% | 11% | 52% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 34 | 51% | 44% | 5% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 38 | 52% | 41% | 7% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 30 | 66% | 30% | 4% | 45% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 28 | 72% | 20% | 8% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 28 | 70% | 27% | 3% | 39% |
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
The TI Fluid Systems Plc standard terms and conditions is available at www.tiautomotive.com/supplier-resource-center/
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Dispute Resolution Process
The TI Fluid Systems Plc standard terms and conditions is available at www.tiautomotive.com/supplier-resource-center/
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
TI Group Automotive Systems Limited is a leading automotive supplier that specializes in fluid management and thermal management systems for vehicles. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes reducing energy consumption, minimizing waste and emissions, and promoting the use of sustainable materials in their products. They also have a strong focus on employee health and safety, as well as community engagement.
TI Group Automotive Systems Limited offers a wide range of products and services, including fuel delivery systems, engine cooling systems, and brake and fuel lines. They work with major automotive manufacturers such as BMW, Ford, and General Motors.
The company is led by a team of experienced and dedicated professionals, including CEO Mark Garrett and Managing Director Tony Quinlan. They have a global presence with operations in Europe, North America, and Asia.
For more information about their products and services, customers can visit their website at www.tigroupautomotive.com. The registered office address is TI Group Automotive Systems Limited, New Century Park, Poundbury Road, Dorchester, Dorset, DT1 2NH, United Kingdom.
