T.R. FASTENINGS LIMITED
Company Information
- Company Number
- 01103675
- Registered Address
- Trifast House, Bellbrook Park, Uckfield, East Sussex, TN22 1QW
- Status
- Active
- Employee Count
- 363
- Turnover
- £63,874,000
- EBITDA
- £9,424,000
Additional Details
- Website
- https://trfastenings.com
- Company Type
- Private limited Company
- Incorporated On
- 23 March 1973
- Nature of Business
- 25940 - Manufacture of fasteners and screw machine products
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- 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 Oct 2024 - 31 Mar 2025 | 25 Apr 2025 | 54 | 28% | 24% | 48% | 30% |
| 01 Oct 2023 - 31 Mar 2024 | 05 Apr 2024 | 56 | 23% | 29% | 48% | 36% |
| 01 Apr 2023 - 30 Sept 2023 | 10 Oct 2023 | 64 | 13% | 23% | 64% | 12% |
| 01 Apr 2022 - 30 Sept 2022 | 06 Oct 2022 | 45 | 39% | 26% | 35% | 18% |
| 01 Apr 2021 - 30 Sept 2021 | 07 Oct 2021 | 38 | 50% | 39% | 11% | 3% |
| 01 Oct 2020 - 31 Mar 2021 | 08 Apr 2021 | 41 | 42% | 40% | 18% | 5% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Oct 2020 | 45 | 35% | 52% | 13% | 12% |
| 01 Apr 2019 - 30 Sept 2019 | 02 Oct 2019 | 49 | 31% | 53% | 16% | 1% |
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
TR Fastenings Ltd standard payment terms for stock suppliers are from date of invoice or receipt of invoice where a copy has been received. M15 net monthly, payable on the 15th or the 1st working day after. M30 net monthly, payable 1st working day after due date , or the 1st available date subject to the Company shutdown at Christmas or Public Holidays. M45 net monthly, payable on the 15th or the 1st working day after. M60 net monthly, payable on the 1st working day after due date, or the 1st available date subject to the Company shutdown at Christmas or Public Holidays. Exceptions to the above include: Imported goods where payment is from Bill of Lading (SOL), and TR Fastenings Ltd have terms ranging from: SOLO to SOL 60. Following an extraordinary agreement with certain suppliers - TR Fastenings Ltd have M90 net monthly, payable on the 1st working day after due date, or the 1st available date subject to the Company shutdown at Christmas or Public Holidays. Variations to these standard payment terms are by exception only, and only applied when negotiated and agreed by both parties. For non-stock suppliers: Our standard terms are negotiated between both parties.
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
120
Dispute Resolution Process
If at any time a dispute arises between TR Fastenings Ltd and a supplier, the invoice will be recorded on the system, and rejected as a non-compliant invoice. Our process is to reject the invoice with a reason code i.e. quantity difference to an Accounts Administrator, they liaise with the Purchase Order placer who in turn will contact the supplier with the query. Once a resolution has been agreed the invoice will be passed back to finance for processing and payment. Where necessary a credit note will be requested and if this is not forthcoming within 2 weeks TR will raise an internal debit note, and a copy will be sent to the supplier.
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
T.R. Fastenings Limited is a leading supplier of industrial fasteners and components, based in the United Kingdom. The company was founded in 1973 and has since grown into a global enterprise with operations in over 30 countries.
As part of their commitment to sustainability, T.R. Fastenings Limited has implemented a sustainability program that focuses on reducing their environmental impact and promoting ethical business practices. This includes initiatives such as waste reduction, energy efficiency, and responsible sourcing of materials.
Their product range includes a wide variety of fasteners, including screws, bolts, nuts, and washers, as well as custom-designed components for specific applications. These products are used in various industries, including automotive, construction, and electronics.
The key people at T.R. Fastenings Limited include Malcolm Diamond, the founder and Non-Executive Chairman, and Mark Belton, the Group CEO. They are supported by a team of experienced professionals who are dedicated to providing high-quality products and services to their customers.
The company's website, www.trfastenings.com, provides detailed information about their products, services, and sustainability efforts. They also have a registered office address at Trifast House, Bellbrook Park, Uckfield, East Sussex, TN22 1QW, United Kingdom.
In summary, T.R. Fastenings Limited is a reputable company with a strong focus on sustainability and a diverse range of high-quality products. With their experienced leadership and global presence, they continue to be a trusted supplier in the fastening industry.
