TTP GROUP LIMITED
Company Information
- Company Number
- 02170755
- Registered Address
- Ttp Campus, Cambridge Road, Melbourn, United Kingdom, SG8 6HQ
- Status
- Active
- Employee Count
- 413
- Turnover
- £62,973,000
- EBITDA
- -£66,000
Additional Details
- Website
- https://www.ttp.com/
- Company Type
- Private limited Company
- Incorporated On
- 30 September 1987
- Nature of Business
- 70229 - Management consultancy activities other than financial management72190 - Other research and experimental development on natural sciences and engineering82990 - Other business support service activities not elsewhere classified
- Industries
- Information Technology,Telecommunications And Data,Life Sciences And Medical Technology,Professional Services,Property,Infrastructure And Construction
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows that the average time taken for TTP GROUP LIMITED to pay invoices has remained relatively consistent at 19-21 days over the past three years.
Volatility Analysis
The volatility in the data can be seen in the fluctuation of the percentage of invoices paid within 30 days, which ranges from 70-84% over the past three years. There is also some volatility in the percentage of invoices paid later than 60 days, which ranges from 0-2%.
Summary Analysis
The data for TTP GROUP LIMITED shows that their average time to pay invoices has remained consistent at 19-21 days over the past three years. The percentage of invoices paid within 30 days has also remained relatively consistent at 78-84%. However, there has been some fluctuation in the percentage of invoices paid later than 60 days, ranging from 0-2% over the past three years. The best period for early payment was in 2020, where 84% of invoices were paid within 30 days. The worst period was in 2021, where 45% of invoices were not paid within agreed terms.
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 Apr 2022 - 30 Sept 2022 | 04 Nov 2022 | 22 | 76% | 22% | 2% | 1% |
| 01 Jan 2022 - 31 Mar 2022 | 13 May 2022 | 21 | 70% | 29% | 1% | 1% |
| 01 Oct 2021 - 31 Dec 2021 | 13 May 2022 | 20 | 82% | 17% | 1% | 1% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 19 | 81% | 18% | 1% | 1% |
| 01 Oct 2020 - 31 Mar 2021 | 21 Jun 2021 | 18 | 84% | 15% | 1% | 45% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Nov 2020 | 19 | 78% | 20% | 2% | 1% |
| 01 Oct 2019 - 31 Mar 2020 | 02 Nov 2020 | 19 | 84% | 16% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 19 | 84% | 16% | 0% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 21 | 78% | 21% | 1% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 05 Nov 2018 | 21 | 84% | 15% | 1% | 1% |
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
Assuming specified criteria are met, payment is made before the end of the month following the month of invoice or delay, whichever occurs later.
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
60
Dispute Resolution Process
Disputes and complaints are dealt with by purchase ledger staff.
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
TTP GROUP LIMITED is a leading technology and product development company based in the UK. Founded in 1987, the company has a strong focus on sustainability and has developed a range of products and services that align with this goal.
Their sustainability program includes initiatives such as reducing their carbon footprint, promoting environmentally friendly practices within their own operations, and working with clients to develop sustainable solutions. The company also actively supports various charities and community projects to give back to society.
TTP GROUP LIMITED offers a wide range of services including technology consulting, product design and development, and manufacturing. They work with clients from various industries such as healthcare, consumer, and industrial, to create innovative and sustainable solutions.
The key people at TTP GROUP LIMITED include its co-founders, Dr. David Tilston and Dr. Peter Taylor, who have over 30 years of experience in the technology industry. They are supported by a team of highly skilled engineers, scientists, and designers who are committed to delivering high-quality and sustainable products and services.
The company's website address is www.ttp.com, where interested parties can find more information about their services and sustainability initiatives. Their registered office address is Melbourn Science Park, Melbourn, Royston, Hertfordshire, SG8 6EE, UK.
In summary, TTP GROUP LIMITED is a leading technology and product development company with a strong commitment to sustainability. With a team of experienced professionals and a range of innovative services, they are dedicated to creating a better and more sustainable future for all.
