| 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 2018 - 30 Jun 2018 | 27 Jul 2018 | 49 | 9% | 71% | 20% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The TI Fluid Systems Plc standard terms and conditions is available at https://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
60
The TI Fluid Systems Plc standard terms and conditions is available at https://www.tiautomotive.com/supplier-resource-center/
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
TI Group Automotive Systems (UK) Limited is a UK registered company incorporated in 1963, with its registered office in Oxford. Companies House records its nature of business as the manufacture of steel tubes, pipes, hollow profiles and related fittings, reflecting automotive fluid system components. The company forms part of TI Fluid Systems, a global group manufacturing fluid storage, carrying and delivery systems for the light duty automotive market, with production facilities across many countries serving major vehicle manufacturers. The group also trades aftermarket fuel pumps and modules under the TI Automotive Aftermarket brand, formerly known as Walbro. This entity represents the group's UK manufacturing presence rather than the group's wider international operations.
Generated from the company's website and Companies House records. Sources: tiautomotive.com