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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
90
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
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?
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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
Tyco Building Services Products (UK) Limited is a registered UK entity within the Johnson Controls group, whose Tyco brand covers fire suppression and detection systems as listed among the group's product lines. Companies House records classify the entity's nature of business as non-specialised wholesale trade, indicating a role distributing building service products rather than manufacturing them. The wider Johnson Controls group, of which Tyco is a brand, describes itself as active in building automation, fire and security systems and related building technologies globally. No UK-specific trading activity, turnover or customer details for this particular entity are given in the available evidence beyond its registration and SIC classification.
Generated from the company's website and Companies House records. Sources: johnsoncontrols.com