TYCO BUILDING SERVICES PRODUCTS UK LIMITED
Company Information
- Company Number
- 02559027
- Registered Address
- Security House The Summit, Hanworth Road, Sunbury-On-Thames, Middlesex, TW16 5DB
- Status
- Active
- Employee Count
- 51
- Turnover
- £45,136,000
- EBITDA
- -£1,578,000
Additional Details
- Website
- https://johnsoncontrols.com
- Company Type
- Private limited Company
- Incorporated On
- 15 November 1990
- Nature of Business
- 46900 - Non-specialised wholesale trade
- Industries
- Supply Chain
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for TYCO BUILDING SERVICES PRODUCTS (UK) LIMITED to pay invoices has decreased from 27 days in Oct 2017-Mar 2018 period to 24 days in Apr-Sep 2018 period, with a slight increase to 26 days in Oct 2018-Mar 2019 period.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated from 68% in Oct 2017-Mar 2018 period, to 70% in Apr-Sep 2018 period, and then to 66% in Oct 2018-Mar 2019 period.
Summary Analysis
In summary, TYCO BUILDING SERVICES PRODUCTS (UK) LIMITED has seen a decrease in the average time taken to pay invoices and an improvement in the percentage of invoices paid within the agreed terms. However, there has been a slight increase in the percentage of invoices paid later than 60 days, which could be a cause for concern.
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 | 27 | 68% | 18% | 14% | 56% |
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 BUILDING SERVICES PRODUCTS (UK) LIMITED is a leading provider of sustainable building solutions for commercial and industrial properties in the United Kingdom. They offer a wide range of products and services, including fire protection, security, and energy management systems.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using sustainable materials in their products, promoting energy efficiency, and reducing waste in their operations.
The key people at TYCO BUILDING SERVICES PRODUCTS (UK) LIMITED include the Managing Director, who oversees the overall operations of the company, and the Director of Sustainability, who is responsible for implementing and monitoring sustainable practices.
Their website, www.tyco.com, provides information on their products and services, as well as their sustainability program. They also have a dedicated section on their website for customers to access resources and tools for sustainable building solutions.
TYCO BUILDING SERVICES PRODUCTS (UK) LIMITED is registered at their head office located at Tyco House, 303A Letchworth Garden City, Hertfordshire, SG6 1ZA. They can also be contacted through their customer service hotline at 0800 096 3566 or via email at info@tyco.com.
