T C HARRISON GROUP LIMITED
Company Information
- Company Number
- 01863311
- Registered Address
- Milford House, Mill Street, Bakewell, Derbyshire, DE45 1HH
- Status
- Active
- Employee Count
- 518.0
- Turnover
- 326897000.0
- EBITDA
- 29440000.0
Additional Details
- Website
- https://www.tch.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 13 November 1984
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles$46630 - Wholesale of mining, construction and civil engineering machinery
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- East Midlands
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 01 Feb 2024 | 29 | 46% | 52% | 2% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 29 | 45% | 53% | 2% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 28 | 49% | 49% | 2% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 30 | 43% | 55% | 2% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 28 | 51% | 47% | 2% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 27 | 49% | 49% | 2% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 27 | 52% | 46% | 2% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 29 | 46% | 52% | 2% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 24 | 58% | 40% | 2% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 23 | 59% | 38% | 3% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 23 | 62% | 34% | 4% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 25 | 54% | 43% | 3% | 3% |
Company Summary
T
C
HARRISON GROUP LIMITED is a UK-based company that specializes in the automotive industry
The company was founded in 1931 and has established itself as a leader in providing high-quality products and services to its customers
The company has a strong focus on sustainability and has implemented several initiatives to reduce their environmental impact
This includes using renewable energy sources, recycling materials, and promoting eco-friendly practices throughout their operations
T
C
HARRISON GROUP LIMITED offers a wide range of products and services, including new and used car sales, vehicle servicing and repairs, and parts and accessories
They also offer fleet management and leasing services for businesses
The key people at T
C
HARRISON GROUP LIMITED include Managing Director, Mark Harrison, and the Chairman, Tony Harrison
Their strong leadership and vision have contributed to the success of the company
Customers can contact T
C
HARRISON GROUP LIMITED through their website, which provides information on all their products and services, as well as the latest news and events
The company's registered office address is located at 1 Foundry Road, Newark, Nottinghamshire, NG24 2AD
In summary, T
C
HARRISON GROUP LIMITED is a renowned automotive company in the UK, known for its commitment to sustainability and providing top-notch products and services to its customers
With a strong leadership team and a wide range of offerings, the company continues to thrive in the competitive market
Company Review
Trend Analysis
The average time taken for T. C. HARRISON GROUP LIMITED to pay its invoices has increased from 25 days in the first period to 29 days in the last period. This indicates a worsening trend in payment efficiency.
Volatility Analysis
The volatility of the average time taken to pay invoices has been relatively low, with only a 4-day difference between the shortest and longest periods. However, there has been significant volatility in the percentage of invoices paid within 30 days, with a 8% difference between the highest and lowest periods.
Summary Analysis
For T. C. HARRISON GROUP LIMITED, the average time taken to pay invoices has increased from 25 days to 29 days in the last three periods. This is coupled with a trend towards longer payment times, as seen in the decreasing percentage of invoices paid within 30 days and increasing percentage of invoices paid later than 60 days. This indicates a potential issue with payment efficiency for the company.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are that payment of invoices for goods and services will generally be made by the end of the month following the month in which a properly due, correct and complete invoice is received. Other terms may apply by agreement.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
62
Dispute Resolution Process
We endeavour to pay suppliers in a prompt and honest manner while ensuring that invoices received are correct. Accounts payable use a purchase invoice authorisation system whereby the manager responsible is required to promptly authorise invoices relevant to their department. Should there be a query or dispute on an invoice, the supplier is contacted and this is resolved by discussion and agreement and passed to the accounts payable team for payment.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available