Industry ranking
Score of 100/100 qualifies for PaymentCheck Certification
| 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 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 4 | 100% | 0% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 8 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 12 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 11 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
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
INVOICES IN DISPUTE ARE ENTERED INTO THE RELEVANT QUERY LOG, AND THE SUPPLIER IS NOTIFIED IN ORDER TO RESOLVE THE ISSUE
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
GTC Pipelines Limited is a registered company with the SIC classification of transport via pipeline. It shares its registered office with BUUK Infrastructure, the UK group that designs, constructs, owns and operates last-mile utility networks, including gas, electricity, water, wastewater, fibre and heat infrastructure for new-build developments across England, Wales and Scotland. Given its SIC code and group registration, GTC Pipelines Limited functions as a pipeline-transport entity within this wider BUUK group structure, supporting the group's gas network operations rather than trading independently. No separate description of its own standalone activities beyond this pipeline classification was found in the available evidence.
Generated from the company's website and Companies House records. Sources: bu-uk.co.uk · bu-uk.co.uk