Industry ranking
The average time to pay for TRINITY FIRE AND SECURITY SYSTEMS LTD has increased from 30 days in Jan 2020 to 42 days in Jun 2020.
The company has shown volatility in their payment time, with an increase of 12 days from Jan 2020 to Jun 2020.
| 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 2020 - 30 Jun 2020 | 30 Jul 2020 | 42 | 12% | 55% | 33% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from End of Month of date 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
Suppliers may raise queries either with their direct business contact or with the finance team.
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
Trinity Fire and Security Systems Ltd, incorporated in 1997 and based in West Yorkshire, provides fire detection, life safety and security systems across the UK. Trading as Trinity Fire & Security Systems, it offers a turnkey service covering design, installation, commissioning and aftercare, including fire detection and suppression systems, emergency lighting, access control, CCTV and intruder detection, plus ongoing service, maintenance and compliance support. It works with commercial, industrial and public sector clients such as facilities managers, airports and hospitals. The company operates as part of the PTSG Group, which describes itself as one of Europe's leading providers of specialist services to the construction and facilities management sectors, with the wider group reporting annual revenue exceeding £60 million.
Generated from the company's website and Companies House records. Sources: trinityfireandsecurity.com · trinityfireandsecurity.com