| 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 Jan 2022 - 30 Jun 2022 | 10 Jan 2023 | 58 | 14% | 41% | 46% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 03 May 2022 | 59 | 13% | 45% | 42% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Mar 2021 | 56 | 15% | 52% | 33% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 53 | 19% | 44% | 37% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with each individual supplier and can range from 30-60-90 days.
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
Any dispute is handled between the commercial team and supplier’s commercial representative. We aim to resolve all disputes in a timely manner.
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.
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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.
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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.
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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
TRANT ENGINEERING LIMITED is a UK-based company that provides a range of engineering services to various industries. Established in 1958, the company has a long history of delivering high-quality and innovative solutions to its clients.
The company offers a wide range of services, including civil and structural engineering, mechanical and electrical engineering, and project management. They work with clients in industries such as energy, infrastructure, and construction, providing them with bespoke solutions to meet their specific needs.
TRANT ENGINEERING LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability program that focuses on energy efficiency, waste reduction, and carbon footprint reduction. The company also promotes sustainable practices within their supply chain and works closely with their clients to ensure sustainable solutions are implemented in their projects.
The company's key people include Managing Director, Stephen Trant, and Commercial Director, David Trant. They lead a team of highly skilled and experienced engineers who are committed to delivering the best results for their clients.
For more information on TRANT ENGINEERING LIMITED, including their services, sustainability program, and key people, visit their website at www.trant.co.uk. Their registered office address is Trant Engineering Ltd, 5 Hazel Road, Woolston, Southampton, SO19 7GA.