TOLENT CONSTRUCTION LIMITED
Company Information
- Company Number
- 02450574
- Registered Address
- C/O Interpath Ltd, 60 Grey Street, Newcastle Upon Tyne, NE1 6AH
- Status
- In Administration
- Employee Count
- 465
- Turnover
- £195,504,000
- EBITDA
- -£3,773,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 8 December 1989
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property,Infrastructure And Construction
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
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 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 41 | 32% | 52% | 16% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 27 Mar 2019 | 43 | 30% | 51% | 19% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 43 | 19% | 54% | 26% | 43% |
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
Purchase Ledger Supplier Payments. Payment unless stated otherwise in the Purchase Order will be made 60 days after the end of the month in which a valid invoice is received provided the Goods have been delivered and all requisite contract documentation submitted. Sub-contract Ledger. Our standard payment terms are variable and between 30 and 60 days from the measured to date dependent on the subcontract agreement
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
91
Dispute Resolution Process
Tolent is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. Tolent actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the accounts payable and credit control departments and /or the procurement and commercial teams and / or where necessary members of management. However, where it is not possible to reach agreement, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.
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?
❌
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
TOLENT CONSTRUCTION LIMITED is a UK-based construction company that was established in 1983. The company offers a wide range of construction services including building, civil engineering, and specialist contracting. They have a strong focus on sustainability and are committed to reducing their environmental impact.
TOLENT CONSTRUCTION LIMITED has implemented a sustainability program that includes using sustainable materials, reducing waste, and promoting energy efficiency in their projects. They also have a dedicated team that ensures compliance with environmental regulations and promotes sustainable practices within the company.
The company's products and services include building and refurbishment projects, civil engineering works such as road construction and drainage systems, and specialist contracting services such as roofing and cladding. They have completed projects in various sectors including residential, commercial, and industrial.
The key people in TOLENT CONSTRUCTION LIMITED include the managing director, Michael Bowden, who has over 30 years of experience in the construction industry. They also have a team of highly skilled engineers, project managers, and site managers who ensure the successful completion of projects.
TOLENT CONSTRUCTION LIMITED can be contacted through their website, where they have a contact form and a list of their current projects. Their registered office address is located in Newton Aycliffe, County Durham, and their website address is www.tolent.co.uk.
In summary, TOLENT CONSTRUCTION LIMITED is a well-established construction company in the UK, with a strong focus on sustainability. They offer a wide range of construction services and have a dedicated team of professionals to ensure the successful completion of projects. Their commitment to sustainability and environmental responsibility sets them apart in the industry.
