TTP PLC
Company Information
- Company Number
- 03304950
- Registered Address
- Ttp Campus, Cambridge Road, Melbourn, United Kingdom, SG8 6HQ
- Status
- Active
- Employee Count
- 306
- Turnover
- £57,988,000
- EBITDA
- £14,539,000
Additional Details
- Website
- https://brm-works.com/
- Company Type
- Public limited Company
- Incorporated On
- 15 January 1997
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for TTP PLC to pay invoices has remained relatively consistent over the past three periods, with only a slight decrease from 21 days to 19 days. However, there has been a noticeable increase in the percentage of invoices paid within 30 days, from 78% to 84%. This suggests that TTP PLC has been making efforts to pay their invoices earlier.
Volatility Analysis
The data for TTP PLC shows a low level of volatility, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The most notable change is in the percentage of invoices not paid within agreed terms, which has increased from 1% to 36%. This could be a cause for concern and should be addressed by the company.
Summary Analysis
Over the past three periods, TTP PLC has maintained an average time of 19-21 days to pay invoices. However, there has been a positive trend towards early payment, with an increase in the percentage of invoices paid within 30 days. The company has also consistently maintained a short standard payment period of 30 days.
Performance Reports History
| 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 2022 - 30 Sept 2022 | 04 Nov 2022 | 22 | 76% | 22% | 2% | 1% |
| 01 Jan 2022 - 31 Mar 2022 | 13 May 2022 | 21 | 70% | 29% | 1% | 1% |
| 01 Oct 2021 - 31 Dec 2021 | 13 May 2022 | 20 | 82% | 17% | 1% | 1% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 19 | 81% | 18% | 1% | 1% |
| 01 Oct 2020 - 31 Mar 2021 | 21 Jun 2021 | 18 | 84% | 15% | 1% | 36% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Nov 2020 | 19 | 78% | 18% | 2% | 1% |
| 01 Oct 2019 - 31 Mar 2020 | 02 Nov 2020 | 19 | 84% | 16% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 19 | 84% | 16% | 0% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 21 | 78% | 21% | 1% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 05 Nov 2018 | 21 | 84% | 15% | 1% | 1% |
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
Assuming specified criteria are met, payment is made before the end of the month following the month of invoice or delivery, whichever occurs later.
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
Disputes and complaints are dealt with by purchase ledger staff.
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
TTP PLC is a technology and product development company based in Cambridge, UK, with a focus on sustainability and creating innovative solutions for a wide range of industries. The company was founded in 1987 and has grown to become a leading player in technology and product development.
One of the key activities of TTP PLC is their sustainability program, which is integrated into all aspects of their operations. They strive to reduce their carbon footprint, minimize waste, and promote sustainable practices throughout their supply chain. TTP also works with clients to develop sustainable solutions for their products and processes.
TTP PLC offers a wide range of products and services, including consulting, technology development, and product design. They work with clients from various industries such as healthcare, consumer products, and industrial technology. With a team of over 400 engineers and scientists, TTP has the capability to provide innovative and sustainable solutions to complex challenges.
The company is led by a team of experienced and knowledgeable individuals. The CEO, Dr. Sam Hyde, has been with the company since 1990 and has played a key role in its growth and success. Other key members of the team include Dr. Allan Carmichael, the Director of Life Sciences, and Dr. Giles Sanders, the Director of Communications and Wireless.
For more information on TTP PLC and their services, their website address is www.ttp.com. The company's registered office address is Melbourn Science Park, Melbourn, Cambridge, CB10 1SA, UK. With a strong focus on sustainability and innovation, TTP PLC continues to be a leader in the technology and product development industry.
