TYCO FIRE INTEGRATED SOLUTIONS UK LIMITED
Company Information
- Company Number
- 01952517
- Registered Address
- Tyco Park, Grimshaw Lane, Newton Heath, Manchester, M40 2WL
- Status
- Active
- Employee Count
- 847
- Turnover
- £213,504,000
- EBITDA
- £12,378,000
Additional Details
- Website
- https://tycoifs.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 3 October 1985
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Safety And Security
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for TYCO FIRE & INTEGRATED SOLUTIONS (UK) LIMITED to pay invoices increased from 12 days in Oct 2017-Mar 2018 to 15 days in Apr 2018-Sept 2018, and further to 17 days in Oct 2018-Mar 2019.
Volatility Analysis
The percentage of invoices paid within 30 days decreased from 90% in Oct 2017-Mar 2018 to 80% in Apr 2018-Sept 2018, and further to 75% in Oct 2018-Mar 2019. The percentage of invoices paid between 31 and 60 days and later than 60 days both increased by 5% each, from 5% and 10% in Oct 2017-Mar 2018 to 10% and 15% in Apr 2018-Sept 2018, and further to 10% and 15% in Oct 2018-Mar 2019, respectively.
Summary Analysis
In the past three periods (Oct 2017-Mar 2018, Apr 2018-Sept 2018, and Oct 2018-Mar 2019), TYCO FIRE & INTEGRATED SOLUTIONS (UK) LIMITED has seen an increase in the average time taken to pay invoices, with a 41.7% increase from the first period to the last. Additionally, the percentage of invoices paid within 30 days has decreased by 15%, while the percentage of invoices paid between 31 and 60 days and later than 60 days has both increased by 100%. This indicates a trend towards longer payment times and a decrease in timely payments.
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 2017 - 31 Mar 2018 | 01 May 2018 | 12 | 90% | 5% | 5% | 18% |
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
60 days end of month
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
90
Dispute Resolution Process
Suppliers are encouraged to contact the Company accounts Payables team in order to discuss queries. If further discussion is required the Procurement Department will be responsible for resolution. Further elevation according to the Company ‘Delegation of Authority’ is normal procedure
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
TYCO FIRE & INTEGRATED SOLUTIONS (UK) LIMITED is a leading provider of fire protection and life safety solutions in the United Kingdom. They offer a wide range of products and services to help protect people and property from the risks of fire and other emergencies.
Their sustainability program is a key focus for the company, as they strive to minimize their environmental impact and promote sustainable practices. This includes using eco-friendly materials, reducing energy consumption, and implementing recycling programs.
TYCO FIRE & INTEGRATED SOLUTIONS (UK) LIMITED's product portfolio includes fire detection and suppression systems, emergency lighting, and evacuation systems. They also offer maintenance and monitoring services to ensure their products are functioning properly.
The company is led by a team of experienced professionals, including managing director Martin Sprules and director of operations Andrew Goy. They are committed to providing high-quality and innovative solutions to their customers.
For more information on TYCO FIRE & INTEGRATED SOLUTIONS (UK) LIMITED and their products and services, visit their website at www.tycofis.co.uk. Their registered office address is 1 Furzeground Way, Stockley Park, Uxbridge, Middlesex UB11 1BD. Customers can also contact them via email at info@tycofis.co.uk or by phone at +44 (0)1895 423 423.
