TRADETEAM LIMITED

PaymentCheck Score 2023
96Excellent
21.0vs last year
#394 in UK
#15 in Lifestyle And Entertainment
#62 in South East

Company Information

Company Number
03078367
Registered Address
Solstice House, 251 Midsummer Boulevard, Milton Keynes, England, MK9 1EA
Status
Active
Employee Count
0
Turnover
£796,000
EBITDA
-£9,000

Additional Details

Company Type
Private limited Company
Incorporated On
11 July 1995
Nature of Business
46390 - Non-specialised wholesale of food, beverages and tobacco
49410 - Freight transport by road
52103 - Operation of warehousing and storage facilities for land transport activities
Industries
Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

Average Time to Pay
4 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms20%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✓ Yes

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-07-20
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2023 - 30 Jun 202320 Jul 20234100%0%0%20%
01 Jul 2022 - 31 Dec 202225 Jan 20234886%10%4%43%
01 Jan 2022 - 30 Jun 202228 Jul 20222267%27%6%42%
01 Jul 2021 - 31 Dec 202127 Jan 20225530%61%9%19%
01 Jan 2021 - 30 Jun 202129 Jul 20213832%61%7%11%
01 Jul 2020 - 31 Dec 202028 Jan 20213440%56%4%8%
01 Jan 2020 - 30 Jun 202013 Jul 20203830%65%5%5%
01 Jul 2019 - 31 Dec 201930 Jan 20203930%66%4%20%
01 Jan 2019 - 30 Jun 201925 Jul 20193933%61%6%27%
01 Jul 2018 - 31 Dec 201828 Jan 20193935%59%6%29%
01 Jan 2018 - 30 Jun 201827 Jul 20183445%50%5%34%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment period During the reporting period, the company’s standard payment period was 60 days.

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

60

Dispute Resolution Process

Dispute resolution process DPDHL Purchase Order Terms and Conditions effective January 2021, sets out that if DPDHL disputes any sum on an invoice, subject to applicable law, it may withhold the entire sum owed under that invoice and it will notify the Supplier in writing of such dispute, giving full details of the dispute and of the actual sum it claims on bona fide grounds not to be liable to pay. When suppliers are set up on the company’s system, they are sent a supplier pack. This pack provides the supplier with information on the DPDHL Purchase Order Terms and Conditions, DPDHL Supplier Code of Conduct and invoicing procedures including details on invoice disputes and DPDHL contact details.

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.

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.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

TRADETEAM LIMITED is a logistics and supply chain company based in the United Kingdom. They specialize in providing end-to-end solutions for the FMCG (Fast-Moving Consumer Goods) industry, helping companies manage their supply chain and distribution effectively.

One of their key focus areas is sustainability, and they have implemented various initiatives to reduce their environmental impact. This includes using eco-friendly transportation methods, promoting recycling and waste reduction, and investing in renewable energy sources.

TRADETEAM LIMITED offers a range of products and services to their clients, including warehousing, distribution, and transportation. They have a strong presence in the UK market, with a network of warehouses and distribution centers strategically located across the country.

The company is led by a team of experienced professionals, including the Managing Director, Peter Bennett, and the Operations Director, Paul Brown. They are committed to providing innovative solutions and delivering exceptional customer service.

Contact information for TRADETEAM LIMITED can be found on their website, including their registered office address in Northamptonshire. They also have a customer portal on their website for easy access to their services and support. Overall, TRADETEAM LIMITED is a reputable and sustainable company that provides efficient and reliable supply chain solutions to their clients in the UK.

Financial Metrics

Cash
£0
Net Worth
£17,443,000
Total Current Assets
£20,489,000
Total Current Liabilities
£2,896,000

Company Location