T I A (GB) LIMITED
Company Information
- Company Number
- 03873873
- Registered Address
- Units C & D, Halesfield 14, Telford, Shropshire, TF7 4QR
- Status
- Active
- Employee Count
- 85
- Turnover
- £167,071,000
- EBITDA
- £7,580,000
Additional Details
- Website
- https://tiaagri.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 9 November 1999
- Nature of Business
- 45310 - Wholesale trade of motor vehicle parts and accessories
- Industries
- Distribution And Delivery, Property-related Goods And Services, Raw Materials And Intermediate Goods, Road Travel
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
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
Dispute Resolution Process
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.
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.
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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
Company Summary
T I A (GB) LIMITED is an active private limited company registered in the United Kingdom. As a private limited company, its legal structure signifies it operates as a commercial entity with distinct legal separation from its owners.
Incorporated on 9 November 1999, the company holds company number 03873873. Its registered office is situated at Units C & D, Halesfield 14, Telford, Shropshire, TF7 4QR, locating its principal administrative base within the West Midlands region.
Private limited companies in the UK typically engage in a broad spectrum of commercial activities, providing diverse services and products across various sectors. These entities are characterised by limited liability for their shareholders and often specialise in areas ranging from manufacturing and distribution to professional consulting and digital services.
