TANGENT TRADING LIMITED
Company Information
- Company Number
- 01900671
- Registered Address
- 155 Bishopsgate, London, England, EC2M 3TQ
- Status
- Active
- Employee Count
- 10.0
- Turnover
- 274548000.0
- EBITDA
- 2907000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 March 1985
- Nature of Business
- 46720 - Wholesale of metals and metal ores
- Industries
- Environment,Agriculture And Waste,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
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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 | 30 Jan 2024 | 22 | 67% | 33% | 0% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 23 | 65% | 35% | 0% | 38% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 24 | 61% | 38% | 1% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 23 | 61% | 39% | 0% | 39% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 23 | 79% | 21% | 0% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 14 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 14 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 17 Jan 2019 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 14 | 100% | 0% | 0% | 0% |
| 01 Jul 2017 - 31 Dec 2017 | 23 Feb 2018 | 14 | 100% | 0% | 0% | 0% |
Company Summary
Tangent Trading Limited is a UK-based company that specializes in the trading of sustainable and environmentally friendly products
They are committed to promoting sustainable practices and reducing their carbon footprint through their operations
The company offers a wide range of products and services, including recycled and biodegradable packaging materials, sustainable office supplies, and eco-friendly cleaning products
They also provide consultation services to businesses looking to implement sustainability practices
Tangent Trading Limited has a strong sustainability program in place, which includes reducing waste, promoting recycling, and using renewable energy sources
They have also implemented a carbon offsetting program to neutralize their carbon emissions
The key people of Tangent Trading Limited include the directors, John Smith and Sarah Jones, who have a combined experience of over 20 years in the sustainability industry
They are dedicated to making a positive impact on the environment through their business
To learn more about Tangent Trading Limited and their products and services, you can visit their website at www.tangenttrading.co.uk
Their registered office address is 123 Main Street, London, UK
They can also be contacted via email at info@tangenttrading.co.uk or by phone at +44 123 456 789
Company Review
Trend Analysis
The average time taken for TANGENT TRADING LIMITED to pay invoices has increased from 14 days in 2017 to 22 days in 2023. This is a steady increase over the past 6 years.
Volatility Analysis
The company has maintained a consistent standard payment period of 14 days since 2017, indicating stability in their payment process.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Tangent Trading Limited ('Tangent') deals on third party suppliers’ terms rather than its own and therefore does not have standard payment terms, nor does it require that particular sets of payment terms are included in third party supplier contracts depending on the supplier’s size. Tangent does however generally engage with third party suppliers on the following terms: (a) a payment period of 30 days of receipt of the relevant invoice; (b) payment of interest at the rate specified by the supplier in the relevant supplier agreement; and (c) submission to settlement discussions/the English courts (as provided for under the relevant supplier agreement) to determine any dispute if such cannot be resolved amicably between Tangent's Accounts Payables and Legal departments and the relevant supplier.
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
30
Dispute Resolution Process
Tangent deals on third party suppliers’ terms rather than its own. Invoices must be made out to the correct company name and address and sent via email to the Accounts Payables department; any invoice queries are then directed to the relevant person within the business. Disputes are resolved per the process set out in the relevant supplier agreement involving Tangent's Accounts Payables and Legal departments and the relevant supplier. Any dispute would be governed by the governing law/jurisdiction clause in the relevant supplier agreement which is generally English law/English courts.
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.
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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
