TC FACILITIES MANAGEMENT LIMITED
Company Details
Registration Number
02567667
Registered Address
Sapphire House 74-76 Walton Street Walton On The Hill Tadworth Surrey KT20 7RU
Company Status
Active
Employee Count
2405
Turnover
£56,381,000
EBITDA
£-2,119,000
Additional Information
Website
www.tcfm.co.uk/Company Type
Private limited Company
Incorporated on
11 December 1990
Nature of Business (SIC)
81210 - General cleaning of buildings
Industries
Cleaning
Region
South EastCompany Location
Financial Overview
£887,842
£3,477,626
Last Reporting Period
Filed
06 Nov 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
44 days
Payment Periods
Shortest
14 days
Longest
90 days
Max Contractual
1095 days
Payment Timeline
Not Paid Within Terms
67%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 30 Sep 2023 | 06 Nov 2023 | 44 | 31% | 52% | 17% | 67% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 42 | 36% | 45% | 19% | 56% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | |||||
| 01 Apr 2022 - 30 Sep 2022 | 31 Oct 2022 | 45 | 41% | 43% | 16% | 45% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 28 | 58% | 32% | 10% | 45% |
| 01 Apr 2021 - 30 Sep 2021 | 22 Oct 2021 | 34 | 50% | 34% | 16% | 38% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 33 | 50% | 33% | 17% | 59% |
| 01 Apr 2020 - 30 Sep 2020 | 28 Oct 2020 | 55 | 24% | 47% | 29% | 30% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 54 | 19% | 50% | 31% | 27% |
| 01 Apr 2019 - 30 Sep 2019 | 25 Oct 2019 | 47 | 21% | 51% | 28% | 25% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 43 | 31% | 44% | 25% | 20% |
| 01 Apr 2018 - 30 Sep 2018 | 30 Oct 2018 | 65 | 17% | 47% | 36% | 34% |
Company Summary
TC Facilities Management Limited is a leading facilities management company based in the United Kingdom
The company offers a wide range of services including cleaning, security, maintenance, and support services to businesses and organizations across various sectors
One of the key focuses of TC Facilities Management is sustainability
The company has implemented various initiatives to reduce its environmental impact, such as using eco-friendly cleaning products and promoting energy efficiency in its operations
TC Facilities Management also works closely with its clients to develop sustainable solutions for their facilities
In terms of products and services, TC Facilities Management offers tailored solutions to meet the specific needs of its clients
The company's services include cleaning and janitorial services, security and concierge services, building maintenance, and support services
They also offer specialized services such as pest control, waste management, and landscaping
The key people at TC Facilities Management include the CEO, Ian Thomas, and the Managing Director, Richard Chappell
They lead a team of experienced and dedicated professionals who are committed to providing high-quality services to their clients
For more information on TC Facilities Management and its services, you can visit their website at www.tcfm.co.uk
Their registered office address is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT, United Kingdom
Company Review
Trend Analysis
The trend for TC FACILITIES MANAGEMENT LIMITED's average time to pay invoices has been fluctuating over the past three periods. In the first period (2018-04-01 to 2018-09-30), the average time to pay was 65 days. This decreased in the following period (2018-10-01 to 2019-03-31) to 43 days, but then increased again in the third period (2019-04-01 to 2019-09-30) to 47 days. However, in the latest period (2020-04-01 to 2020-09-30), the average time to pay has remained consistent at 55 days.
Volatility Analysis
The volatility for TC FACILITIES MANAGEMENT LIMITED's average time to pay invoices has been relatively high over the past three periods. In the first period (2018-04-01 to 2018-09-30), the average time to pay varied by 22 days. In the following period (2018-10-01 to 2019-03-31), the variation decreased to 18 days, but then increased again in the third period (2019-04-01 to 2019-09-30) to 23 days. However, in the latest period (2020-04-01 to 2020-09-30), the variation decreased to 20 days.
Summary Analysis
Looking at the past three periods, there has been a slight decrease in the percentage of invoices paid within 30 days for TC FACILITIES MANAGEMENT LIMITED. In the first period (2018-04-01 to 2018-09-30), 17% of invoices were paid within 30 days, compared to 31% in the following period (2018-10-01 to 2019-03-31) and 21% in the most recent period (2019-04-01 to 2019-09-30). This indicates a trend towards longer payment times.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
45 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
1095
Dispute Resolution Process
If there is a dispute between TCFM and a supplier, TCFM would contact the supplier in question to notify them of the invoice and amount in question. TCFM would work with the supplier to understand why the disputed amount had arisen, e.g. incorrect price/quantity or invoice made out an incorrect legal entity. The aim would be to reach a mutually agreeable solution between both parties, whether that be full or partial payment of the invoice or full or partial credit note.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
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