| 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 Jul 2024 - 31 Dec 2024 | 16 Jan 2025 | 32 | 54% | 46% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 31 | 56% | 44% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 33 | 51% | 49% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 31 | 54% | 46% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 32 | 51% | 49% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 32 | 53% | 47% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 32 | 51% | 49% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 18 Jul 2021 | 30 | 55% | 45% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 30 | 55% | 45% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 31 | 52% | 48% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 32 | 51% | 49% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 25 | 71% | 28% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Subcontractors – Subcontractors are required to make applications for payment as set out in the subcontract order. When the application is received payment will be made 14 days after the application is approved and loaded onto the accounting system. Suppliers – T&B (Contractors) has a standard payment term of 30 days following the month in which the invoice is presented. In certain circumstances this is reduced.
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
All invoices are checked against the T&B purchase order, if any anomaly is found the invoice is emailed to the supplier stating why the invoice is being held. If we have not received a reply within a reasonable time period, the query is chased by the buyer until resolved. Once the correct credit or acceptable explanation has been received the invoice is then cleared for payment. All subcontractor queries are dealt with by the surveyor on that job.
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.
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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
T & B (Contractors) Limited, trading as T&B, is a UK construction contractor based in Wheathampstead, Hertfordshire. It delivers construction, refurbishment and fit-out projects across London and the Home Counties, with project values ranging from around £250,000 to £15 million. Its work spans sectors including education, healthcare, research facilities, retail fit-out and commercial and community buildings. The company has operated for over 40 years and reports group turnover of around £60 million. It works with design and supply-chain partners, prioritises local suppliers and subcontractors, and states it pays 100% of invoices within agreed terms as a signatory of the Fair Payment Code.
Generated from the company's website and Companies House records. Sources: tandbcontractors.com · tandbcontractors.com