Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 86.05/100 qualifies for PaymentCheck Certification
The average time to pay for TERBERG DTS (UK) LIMITED remained consistent at 25 days for all three periods. However, there was a slight increase in the percentage of invoices paid within 30 days from 59% in the first period to 76% in the third period. This suggests that the company may be improving their payment processes and paying invoices more promptly.
The volatility of the % Invoices paid within 30 days and % Invoices paid between 31 and 60 days was low, with only a 1% difference between the second and third period. However, the % Invoices paid later than 60 days decreased from 2% in the first period to 1% in the third period, indicating a decrease in late payments.
In summary, TERBERG DTS (UK) LIMITED has maintained an average time to pay of 25 days for all three periods. However, there has been an improvement in their payment practices, with an increase in the percentage of invoices paid within 30 days and a decrease in late payments. The company has also shown a commitment to honoring their agreed payment terms with suppliers.
| 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 Jul 2020 - 31 Dec 2020 | 12 Apr 2021 | 25 | 76% | 23% | 1% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 12 Apr 2021 | 25 | 75% | 23% | 2% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Dec 2019 | 25 | 59% | 39% | 2% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Depending upon the supplier term are either 30 or 60 Days end of month
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
If it is necessary to dispute a supplier invoice, it is the responsibility of the employee who raised the order to raise the dispute. We endeavour to raise and resolve disputed invoices ASAP. Unapproved invoices are reviewed regularly and older invoices targeted to ensure they are processed as promptly as possible. Once approved if an invoice is overdue it will be paid on the next payment run.
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
Terberg DTS (UK) Limited is the UK subsidiary of the Netherlands-based Royal Terberg Group. Through its Fire and Rescue division, trading online as Holmatro UK, the company acts as the appointed UK distributor of Holmatro hydraulic rescue equipment, including cutting and spreading tools, shoring and stabilisation gear, lifting and wedging equipment, and hydraulic power sources, as well as new and used rescue tool sets. The division, based in Halifax, West Yorkshire, supplies equipment, services and aftermarket support to the UK fire and rescue sector. Company records list its business as wholesale of agricultural and other machinery and equipment, though its website content relates specifically to distributing rescue and emergency response equipment rather than agricultural machinery.
Generated from the company's website and Companies House records. Sources: holmatrouk.co.uk · holmatrouk.co.uk