T I A (GB) LIMITED exhibits a trend towards extended payment cycles, with an average payment time of 55 days. A significant portion of payments, 45%, consistently extends beyond 60 days, indicating a trajectory where suppliers should anticipate longer cash conversion periods.
Payment reliability is low, as only 17% of invoices are settled within 30 days, and a substantial 45% are paid after 60 days. This wide spread demonstrates unpredictability in payment timing, posing a risk to a supplier's short-term cash flow planning and potentially increasing working capital requirements.
Suppliers should factor in an average payment period of 55 days, with a high probability of payments extending beyond 60 days. It is advisable to establish clear payment terms that align with this reality or build in buffers for delayed receipts to mitigate cash flow risks. Consider offering early payment discounts for faster settlement if immediate liquidity is critical.
| 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 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 49 | 24% | 37% | 39% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Apr 2019 | 55 | 17% | 38% | 45% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company prepares weekly payment runs and pays suppliers on a regular basis.
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
120
Any disputes are considered by the finance team, usually the purchase ledger clerk, and a director. Usually the dispute is resolved in under 30 days. Independent legal advice is sought on any contentious or unresolved disputes dependent on the amounts involved.
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
TIA (GB) Limited is registered as a wholesaler of motor vehicle parts and accessories, and trades as TIA Agri, part of the TIA Group. The business distributes agricultural and construction tyres, including tubeless radial tractor tyres from brands such as Alliance and Galaxy, from an 85,000 sq ft warehouse in Telford. It supplies customers across the UK and exports to over 80 countries, offering wholesale and super wholesale orders, mixed container shipments, and full logistics including import documentation, freight and insurance. A partner company, TIA Wheels, supplies steel and alloy wheels for trucks, trailers and buses. The company does not manufacture tyres itself but resells and distributes third-party products to trade customers.
Generated from the company's website and Companies House records. Sources: tiaagri.co.uk · tiaagri.co.uk