TUBE LINES LIMITED
Company Information
- Company Number
- 03923425
- Registered Address
- 5 Endeavour Square, London, United Kingdom, E20 1JN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 February 2000
- Nature of Business
- 42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 32 days suggests a slight drift beyond a standard 30-day term. However, 90% of invoices are paid within 30 days, demonstrating a strong general trend towards timely settlements. This indicates a consistent but marginally delayed payment speed trajectory for the majority of transactions.
Volatility Analysis
Despite the strong performance within 30 days, 10% of payments are consistently late, with 6% extending beyond 60 days. This introduces a moderate level of unpredictability and risk for a minority of invoices, potentially impacting a supplier's short-term cash flow. Such volatility requires careful monitoring, as a small fraction of invoices can experience significant payment delays.
Summary Analysis
TUBE LINES LIMITED presents as a largely reliable payer for most transactions, supported by 90% payments within 30 days. Suppliers should factor in the 10% risk of late payments, particularly the 6% that stretch beyond 60 days, when setting credit terms. To mitigate this, consider implementing early payment discounts or more stringent follow-up for invoices approaching the 30-day mark.
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 2019 - 31 Mar 2020 | 30 Apr 2020 | 253 | 95% | 3% | 2% | 5% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Jan 2021 | 32 | 90% | 4% | 6% | 10% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 28 | 90% | 4% | 6% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 31 | 89% | 5% | 6% | 11% |
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
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
Dispute Resolution Process
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
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
TUBE LINES LIMITED is an active private limited company. Its name indicates a focus on services or operations pertaining to tube lines.
The organisation operates under company number 03923425 and was incorporated on 7 February 2000. Its registered office is located at 5 Endeavour Square, London, United Kingdom, E20 1JN.
Private limited companies in the UK, particularly those with 'Tube Lines' in their name, typically provide services relating to the infrastructure, maintenance, and operations of underground railway systems. These services can include asset management, engineering works, and operational support for urban transport networks.
