The average time taken for TDL GENETICS LIMITED to pay invoices has increased over the past three periods, from 53 days in 2021 to 57 days in 2022 and 67 days in 2023.
The company's percentage of invoices paid within 30 days has fluctuated, with a high of 31% in 2022 and a low of 26% in 2023. Similarly, the percentage of invoices paid between 31 and 60 days has ranged from 33% in 2021 to 45% in 2023. However, the percentage of invoices paid later than 60 days has consistently been the highest at 38% in 2021, 33% in 2022, and 29% in 2023.
| 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 2023 - 31 Dec 2023 | 06 Feb 2024 | 67 | 26% | 45% | 29% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
14 days for contractors, medical consultants, and self-employed individuals; 30 days for all other invoices; 45 or 60 days on specific contracts; Or as otherwise agreed with the supplier. We aim to pay at the latest 60 days after invoice receipt if there are issues that delay payment.
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
Please refer first to the Terms and Conditions of Supply on our Purchase Orders and ensure that your invoice matches the requirements of the purchase order, and is addressed to the correct entity within the HSL group. If you are happy you have complied with these requirements, disputes and complaints should be first escalated to the Accounts Payable team at ap@tdlpathology.com The next steps would be to contact the AP Manager, the Shared Services Manager, the Director of Finance and then the CFO through our main switchboard number as shown on the website for Health Services Laboratories. We seek to resolve disputes amicably and speedily, and we are happy to refer the case to a dispute resolution service if necessary, in line with the terms on our POs.
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
TDL Genetics Limited is a private limited company registered in London under company number 03959656. It was originally incorporated as Cytogenetic Services Limited in 2000, later renamed Cytogenetic DNA Services Limited, before taking its current name. Its registered business classification is other human health activities, and its name history points to a background in cytogenetic and DNA-based testing services. No further first-party description of current operations was available beyond these Companies House records, so specifics of its present-day services cannot be confirmed beyond this genetics and human health focus.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk