| 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 2019 - 30 Jun 2019 | 10 Oct 2019 | 46 | 10% | 90% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Feb 2019 | 39 | 80% | 7% | 13% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 45 | 10% | 90% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 DAYS EOM
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
Disputes ultimately resolved at Director level.
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.
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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
Tanvic Group Limited trades as Tanvic Tyre & Service Centre, operating from 20 branches across the Midlands, East Anglia and South Yorkshire with over 260 staff and a fleet of more than 140 vehicles. The business supplies and fits car, van, 4x4, agricultural and commercial tyres, holding over 150,000 tyres in stock, alongside vehicle servicing, MOT testing and wheel alignment. It was founded in 1970 in Newark and has since acquired other tyre businesses to expand its branch network. It also works alongside a sister wholesale tyre company. Registered in 1970, the company remains active and describes itself as one of the UK's largest independent automotive aftermarket suppliers.
Generated from the company's website and Companies House records. Sources: tanvic.co.uk · tanvic.co.uk