Score of 97.25/100 qualifies for PaymentCheck Certification
Payments show a strong trend of promptness, with an average time of 14 days and 99% of invoices settled within 30 days. This indicates a consistent trajectory of rapid payment processing, with almost no invoices extending beyond 60 days.
TRANSPORT TRADING LIMITED demonstrates high payment reliability, with 99% of invoices paid within 30 days. The low 1% extending to 31-60 days and 0% over 60 days indicates very low volatility, though a 10% late payment rate suggests minor, infrequent delays may occur.
Overall, TRANSPORT TRADING LIMITED presents a highly favorable payment profile with very low risk for suppliers. Suppliers can proceed with confidence, given their average 14-day payment and 99% within 30 days, minimizing the need for extensive risk mitigation. Monitoring the 10% late payment rate, while small, could be a minor ongoing consideration for cash flow planning.
| 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 2025 - 30 Sept 2025 | 30 Oct 2025 | 14 | 99% | 1% | 0% | 10% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 14 | 97% | 2% | 1% | 9% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 15 | 97% | 2% | 1% | 8% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 14 | 98% | 1% | 1% | 5% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 15 | 97% | 2% | 1% | 8% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 24 | 91% | 6% | 3% | 13% |
| 01 Apr 2022 - 30 Sept 2022 | 30 Oct 2022 | 32 | 91% | 3% | 6% | 14% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 37 | 89% | 5% | 6% | 22% |
| 01 Apr 2021 - 30 Sept 2021 | 30 Nov 2021 | 29 | 88% | 7% | 5% | 20% |
| 01 Oct 2020 - 31 Mar 2021 | 28 May 2021 | 13 | 96% | 2% | 2% | 24% |
| 01 Apr 2020 - 30 Sept 2020 | 05 Jan 2021 | 14 | 96% | 3% | 1% | 21% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 14 | 97% | 2% | 1% | 22% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Jan 2021 | 13 | 98% | 1% | 1% | 21% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 14 | 96% | 3% | 1% | 25% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 15 | 96% | 3% | 1% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
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
30
Transport for London and its subsidiaries has enhanced its automatic communication with suppliers enabling them to be notified of any issues preventing an invoice from being processed for payment. Suppliers are notified in writing if there may be a delay in payment of invoices. Information on this process can be found at https://tfl.gov.uk/info-for/suppliers-and-contractors/recieving-orders-and-getting-paid#on-this-page-3
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
TRANSPORT TRADING LIMITED operates as an active private limited company. It specialises in business operations related to both transportation and commercial trading.
The company was incorporated on 24 January 2000, and is registered under company number 03914810. Its registered office is located at 5 Endeavour Square, London, United Kingdom, E20 1JN.
As a transport trading entity, TRANSPORT TRADING LIMITED typically provides services such as logistics management, freight forwarding, and supply chain solutions. It also engages in commercial trading activities associated with transport assets or commodities within the UK market.