T & B (CONTRACTORS) LIMITED
Company Information
- Company Number
- 01667869
- Registered Address
- Riverside House 1 Place Farm, Wheathampstead, St. Albans, Hertfordshire, AL4 8SB
- Status
- Active
- Employee Count
- 102
- Turnover
- £52,902,000
- EBITDA
- £1,864,000
Additional Details
- Website
- https://tandbcontractors.com
- Company Type
- Private limited Company
- Incorporated On
- 28 September 1982
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- East of England
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 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 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 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% |
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
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
Dispute Resolution Process
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.
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 & B (Contractors) Limited is a construction company based in the United Kingdom. They offer a wide range of services including building, refurbishment, and maintenance of commercial and residential properties. The company has a strong focus on sustainability and is committed to reducing their environmental impact.
Their sustainability program includes using environmentally friendly materials and implementing energy-efficient practices in their construction projects. They also have a waste management system in place to reduce the amount of waste generated during their operations. This demonstrates their commitment to preserving the environment for future generations.
The company's key products and services include new construction, refurbishment, and maintenance of buildings. They have a skilled team of professionals who have expertise in different areas of construction, ensuring high-quality work for their clients. T & B (Contractors) Limited has a proven track record of completing projects on time and within budget, making them a reliable choice for their customers.
The company is led by a team of experienced and knowledgeable individuals, including the Managing Director, Operations Director, Commercial Director, and Health and Safety Director. They have a customer-centric approach and strive to exceed their clients' expectations in every project they undertake.
For any inquiries or to learn more about their services, T & B (Contractors) Limited can be contacted through their website www.tandbcontractors.com. Their registered office address is located at 1–3 Kestrel House, Falcon Court, Preston Farm Business Park, Stockton on Tees, TS18 3TX, United Kingdom.
In summary, T & B (Contractors) Limited is a reputable construction company with a strong commitment to sustainability. They offer a range of services and have a skilled team of professionals, making them a reliable choice for construction projects. Their focus on sustainability, along with their customer-centric approach, sets them apart in the industry.
