| 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 2019 - 30 Sept 2019 | 17 Oct 2019 | 47 | 27% | 52% | 21% | 68% |
| 01 Oct 2018 - 31 Mar 2019 | 17 Oct 2019 | 51 | 21% | 52% | 27% | 51% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 48 | 20% | 52% | 28% | 66% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days from the end of the month of the invoice date
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
45
Normal dispute resolution process as specified in individual contracts
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
TSP Projects Limited was originally the British Rail Design Group, established in the 1960s as a multidisciplinary engineering firm working on rail projects. In 2019 it was acquired by SYSTRA, a transport engineering and planning group, doubling the size of SYSTRA's UK and Ireland operations and enabling an end-to-end service across rail projects. The business now trades under the SYSTRA brand, with its own website redirecting to SYSTRA UK's history pages. Prior to acquisition it worked on projects such as Gatwick Airport Station, contributing architectural and engineering design for refurbishment and new build elements alongside ongoing rail and airport operations. Its registered office is in York.
Generated from the company's website and Companies House records. Sources: tspprojects.co.uk