Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 47 | 27% | 37% | 36% | 90% |
| 01 Jan 2024 - 30 Jun 2024 | 13 Aug 2024 | 46 | 29% | 38% | 33% | 87% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 55 | 14% | 46% | 40% | 91% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 49 | 23% | 43% | 34% | 88% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 49 | 21% | 44% | 35% | 93% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 49 | 24% | 41% | 35% | 87% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 49 | 23% | 43% | 34% | 87% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 47 | 26% | 42% | 32% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most frequently used terms are 60 days
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
Any complaints regarding contracts are dealt with via our Purchasing Manager.
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
Titan Steel Wheels Limited designs, manufactures, tests and finishes steel wheels at its facility in Cookley, near Kidderminster, exporting to customers worldwide. Its products serve the earthmoving, mining, construction and materials handling industries, including off-highway and auto-crane wheels. The company is a UK division of Titan International Inc, a global group with 41 locations worldwide that also produces tyres under the Titan and Goodyear Farm Tire brands. The Companies House record confirms the company as active, incorporated in 1991, with a stated business of cold forming or folding of metal. It positions itself as combining decades of engineering experience with modern manufacturing technology, from prototype development through to finished product.
Generated from the company's website and Companies House records. Sources: titansteelwheels.com · titansteelwheels.com · titansteelwheels.com