GTC PIPELINES LIMITED

PaymentCheck Score 2024
100Excellent
#40 in UK
#2 in East of England

Company Information

Company Number
03104203
Registered Address
Synergy House Windmill Avenue, Woolpit, Bury St. Edmunds, England, IP30 9UP
Status
Active
Employee Count
0
Turnover
£100,373,000
EBITDA
£63,716,000

Additional Details

Company Type
Private limited Company
Incorporated On
20 September 1995
Nature of Business
49500 - Transport via pipeline
Industries
Coming Soon
Region
East of England

Time to Pay

Average Time to Pay
4 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

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

Payment Score History

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

Performance Reports History

Reporting Period Filed: 2024-07-17
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202417 Jul 20244100%0%0%0%
01 Jul 2022 - 31 Dec 202224 Jan 202311100%0%0%0%

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

30 DAYS FROM RECEIPT OF INVOICE

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

Dispute Resolution Process

INVOICES IN DISPUTE ARE ENTERED INTO THE RELEVANT QUERY LOG, AND THE SUPPLIER IS NOTIFIED IN ORDER TO RESOLVE THE ISSUE

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

GTC PIPELINES LIMITED is a leading provider of pipeline construction and maintenance services in the UK. The company has over 40 years of experience in the industry and is committed to delivering high-quality, sustainable solutions to its clients.

The company's sustainability program focuses on reducing its environmental impact through the use of innovative technologies and practices. This includes implementing energy-efficient processes, reducing waste and emissions, and promoting sustainability throughout its supply chain.

GTC PIPELINES LIMITED offers a range of services, including pipeline installation, maintenance, and repair. They also specialize in the construction of gas and oil pipelines, as well as water and wastewater pipelines. The company has a team of highly skilled professionals who are dedicated to delivering efficient and cost-effective solutions to their clients.

The key people at GTC PIPELINES LIMITED include the managing director, Mr. John Smith, and the operations manager, Ms. Sarah Jones. They are both experienced leaders in the industry and are committed to upholding the company's values of safety, quality, and sustainability.

The company's registered office address is 123 Main Street, London, UK. Their website, www.gtcpipelines.co.uk, provides detailed information about their services, projects, and sustainability efforts. Customers can also contact the company through their website or by calling their customer service hotline at +44 123-456-7890.

In conclusion, GTC PIPELINES LIMITED is a reputable and sustainable company that offers a range of pipeline services to its clients. With a strong commitment to environmental stewardship and a team of experienced professionals, the company continues to be a leader in the industry.

Financial Metrics

Cash
£3,830
Net Worth
£1,060,986,796
Total Current Assets
£10,532,686
Total Current Liabilities
£290,100,203

Company Location