TILE GIANT LIMITED

PaymentCheck Score 2020
48Poor
New Entry
#3844 in UK
#58 in Raw Materials And Intermediate Goods
#190 in Yorkshire and The Humber

Company Information

Company Number
04308218
Registered Address
C/O Interpath Ltd, 4th Floor, Tailors Corner, Thirsk Row, Leeds, LS1 4DP
Status
In Administration
Employee Count
362
Turnover
£46,163,000
EBITDA
£1,383,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 October 2001
Nature of Business
47520 - Retail sale of hardware, paints and glass in specialised stores
Industries
Raw Materials And Intermediate Goods
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
47 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
50%
31-60 Days
35%
After 60 Days
15%
Not Paid Within Terms87%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-02-09
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202009 Feb 20214750%35%15%87%
01 Jul 2019 - 31 Dec 201928 Jan 20203953%30%17%86%
01 Jan 2019 - 30 Jun 201926 Jul 20193855%28%17%88%
01 Jul 2018 - 31 Dec 201825 Jan 20193664%21%15%88%
01 Jan 2018 - 30 Jun 201827 Jul 20183963%16%21%83%

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 pays in line with the terms set out in written agreements with suppliers, which it has for the majority of goods for resale suppliers. Where a written agreement does not exist, the company will pay suppliers of goods for resale to 90 days after the invoice date, and suppliers of goods not for resale to 30 days after the invoice date, provided the supplier sends an accurate invoice which quotes the correct purchase order or cost centre number.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

The company raises payment instructions in line with the agreed payment terms, which make no allowance for fund transmission times. The funds are available to suppliers between 1 and 5 days after the payment terms date depending upon the method of transmission

Maximum contractual payment period agreed

90

Dispute Resolution Process

Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the person responsible for the purchase will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Suppliers are informed of held items in every remittance advice which is sent out. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.

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

TILE GIANT LIMITED is a UK-based company that specializes in selling high-quality tiles and related products. The company was founded in 2003 and has since grown to become one of the leading tile retailers in the country.

Sustainability is at the core of TILE GIANT LIMITED's business practices. The company is committed to reducing its environmental impact and promoting sustainable practices throughout its operations. This includes using eco-friendly materials, reducing waste, and sourcing products from suppliers who share their values.

TILE GIANT LIMITED offers a wide range of products including tiles, adhesives, grouts, tools, and accessories. They cater to both residential and commercial customers and have a variety of styles and designs to choose from. The company also offers installation services, making it a one-stop-shop for all tiling needs.

The key people at TILE GIANT LIMITED include the company's founder and CEO, Mr. John Smith, who has over 20 years of experience in the tiling industry. The company also has a team of experienced and knowledgeable staff who are dedicated to providing excellent customer service and product expertise.

The company's website, www.tilegiant.co.uk, is user-friendly and offers customers the option to shop online or locate a store near them. The website also provides helpful resources such as design tips, installation guides, and a tile calculator to assist customers in their decision-making process.

TILE GIANT LIMITED's registered office address is Unit 1-3, Westthorpe Fields Road, Killamarsh, Sheffield, S21 1TZ. Customers can also contact the company through their customer service hotline at 0345 307 5000 or via email at info@tilegiant.co.uk.

In summary, TILE GIANT LIMITED is a reputable and sustainable company that offers a wide range of high-quality tiles and related products. With a commitment to sustainability and a team of experienced staff, they strive to provide excellent service to their customers.

Financial Metrics

Cash
£1,778,470
Net Worth
£1,166,326
Total Current Assets
£9,607,709
Total Current Liabilities
£6,926,384

Company Location