| 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 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 leading global supplier of engineered components for the door and window industry. The company has a strong focus on sustainability and is committed to reducing its environmental impact.
Their sustainability program includes initiatives such as using sustainable materials, reducing energy consumption, and implementing waste management practices. They also work closely with their suppliers to ensure ethical and sustainable sourcing of materials.
TYMAN PLC offers a wide range of products and services, including door and window hardware, security solutions, and ventilation systems. Their products are known for their quality, reliability, and innovative design.
The key people at TYMAN PLC include Martin Towers, the Chief Executive Officer, and Clive Cockburn, the Chief Financial Officer. They are supported by a team of experienced professionals who are dedicated to driving the company's success.
The company's registered office address is at 29 Queen Anne's Gate, London, SW1H 9BU, United Kingdom. Their website address is www.tymanplc.com, where customers can find more information about their products, services, and sustainability efforts. TYMAN PLC is committed to providing excellent customer service and can be contacted through their website or by phone at +44 (0) 20 7976 8000.