| 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 2019 - 31 Dec 2019 | 29 Jan 2020 | 15 | 91% | 9% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 14 | 99% | 1% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 13 | 97% | 3% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 14 | 96% | 4% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Tyman plc does not have standard payment terms. Specific payment terms are agreed directly with each supplier in advance of the commencement of business.
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
60
Should a dispute arise in connection with goods or services supplied, Tyman plc will endeavour to settle the matter without delay. Disputes should in the first instance be notified to senior representative of both parties.
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
Tyman PLC is a UK-registered company whose website now trades under the Quanex name, following Quanex Building Products' acquisition of Tyman. The site states that with the acquisition, Quanex's product portfolio expanded to include Tyman's hardware systems, cabinet components and access innovations. Quanex, the wider group, designs and produces window and door hardware, building access solutions, insulating glass spacers, extrusions, sealants, and cabinet and millwork components for residential and commercial construction, operating globally from a US headquarters. Companies House records the entity's activity as head office activities, consistent with Tyman PLC now functioning as a UK holding or head office entity within the Quanex group rather than an independent trading operation.
Generated from the company's website and Companies House records. Sources: tymanplc.com