Industry ranking
| 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 2025 - 30 Jun 2025 | 30 Jul 2025 | 47 | 24% | 54% | 22% | 19% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Apr 2025 | 43 | 37% | 45% | 18% | 18% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 50 | 29% | 45% | 26% | 26% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 44 | 34% | 46% | 20% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 46 | 30% | 46% | 24% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 47 | 27% | 48% | 25% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 50 | 25% | 45% | 30% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 45 | 29% | 49% | 22% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 50 | 25% | 46% | 29% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 49 | 24% | 50% | 26% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 49 | 25% | 46% | 29% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 47 | 24% | 50% | 26% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 55 | 11% | 50% | 39% | 19% |
| 01 Jun 2018 - 31 Dec 2018 | 27 Feb 2019 | 49 | 28% | 46% | 26% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 58 | 20% | 38% | 42% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month is our most frequently used payment terms
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
105
If there is a dispute we will refer to the contract (if applicable) along with communicating directly with the suppliers to resolve an issue. We also have Quality Management Systems AS9120 and ISO9001 which are followed to ensure all customer and supplier complaints are recorded and managed effectively.
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
TW Metals Limited, registered in Southampton, trades as a speciality metal distributor. It stocks and processes tube, pipe, bar, extrusions, sheet and plate in stainless steel, aluminium, nickel, titanium and carbon alloy, with processing capabilities including laser cutting up to 30mm for stainless steel. The company also sells and processes plastics such as nylon, acetal, PTFE and polycarbonate. It operates as part of a wider group with stocking locations across North America, Europe and Asia, supplying customers to aerospace and commercial quality standards. This UK entity handles distribution, stock holding and metal processing from its Southampton site.
Generated from the company's website and Companies House records. Sources: twmetals.co.uk