TMD FRICTION UK LIMITED
Company Information
- Company Number
- 04330235
- Registered Address
- Titan Business Centre Central House, Victoria Court, Cleckheaton, West Yorkshire, England, BD19 5DN
- Status
- Active
- Employee Count
- 670.0
- Turnover
- 71375000.0
- EBITDA
- 86000.0
Additional Details
- Website
- https://tmdfriction.com
- Company Type
- Private limited Company
- Incorporated On
- 28 November 2001
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Travel And Transportation
- Region
- Yorkshire and The Humber
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 48 | 34% | 39% | 27% | 62% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 49 | 30% | 37% | 33% | 77% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 51 | 27% | 40% | 33% | 83% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 53 | 26% | 35% | 39% | 83% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 50 | 30% | 36% | 34% | 84% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 49 | 29% | 37% | 34% | 79% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 72 | 26% | 42% | 32% | 79% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Jul 2020 | 49 | 28% | 40% | 32% | 84% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 51 | 29% | 40% | 31% | 87% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 47 | 30% | 41% | 29% | 79% |
| 01 Jan 2018 - 31 Dec 2018 | 30 Jan 2019 | 49 | 24% | 44% | 32% | 84% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 49 | 23% | 46% | 31% | 86% |
Company Summary
TMD FRICTION UK LIMITED is a leading global manufacturer of friction materials and brake components, operating in the automotive and industrial sectors
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes the use of renewable energy sources, waste reduction and recycling, and investment in energy-efficient technologies
They also prioritize ethical and responsible practices in their supply chain
TMD FRICTION UK LIMITED offers a wide range of high-quality products and services, including brake pads, discs, and linings for both passenger and commercial vehicles
They also provide solutions for industrial applications such as wind turbines, trains, and construction machinery
Key people in the company include the Managing Director, David Baines, and the Finance Director, David Chalk
They are supported by a team of experienced professionals who are dedicated to delivering top-notch products and services to their customers
The company's website address is www.tmdfriction.com/uk, where customers can find more information about their products, services, and sustainability efforts
The registered office address is TMD FRICTION UK LIMITED, 73-77 High Street, Redbourn, St Albans, Herts, AL3 7LW
In conclusion, TMD FRICTION UK LIMITED is a reputable company known for its commitment to sustainability, high-quality products, and experienced team
Their dedication to ethical and responsible practices makes them a trusted partner in the automotive and industrial sectors
Company Review
Trend Analysis
The average time taken for TMD FRICTION UK LIMITED to pay invoices has fluctuated over the past three years, with an overall decrease of 2 days from 2018 to 2023. The percentage of invoices paid within 30 days has also fluctuated, with a decrease of 1% from 2018 to 2023. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 44% in 2018 to 39% in 2023. The percentage of invoices paid later than 60 days has also fluctuated, with a decrease of 4% from 2018 to 2023. Overall, there has been a slight decrease in the percentage of invoices paid within agreed terms, from 84% in 2018 to 77% in 2023.
Volatility Analysis
The data for TMD FRICTION UK LIMITED shows moderate volatility over the past three years. While there have been fluctuations in the average time taken to pay invoices and the percentage of invoices paid within 30 days, these changes have been relatively small. The largest fluctuations have been in the percentage of invoices paid between 31 and 60 days, with a decrease of 8% in 2019 followed by an increase of 6% in 2023. The percentage of invoices paid later than 60 days has also fluctuated, with a decrease of 5% in 2019 followed by an increase of 6% in 2023. The percentage of invoices not paid within agreed terms has remained relatively stable, with a decrease of 4% in 2019 followed by an increase of 5% in 2023.
Summary Analysis
From 2018 to 2023, TMD FRICTION UK LIMITED has seen a slight decrease in the average time taken to pay invoices, from 49 days to 48 days. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, from 44% to 39%. The worst period for TMD FRICTION UK LIMITED was in 2019, where 87% of invoices were paid later than 60 days. The best period for early payment was in 2023, with 30% of invoices paid within 30 days. Overall, there has been a slight decrease in the percentage of invoices paid within agreed terms, from 84% in 2018 to 77% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms for suppliers are no more than 60 days end of month, and in the case of intercompany suppliers 45 days end of month.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
Disputes are resolved ad hoc by responsible function and if required Purchasing Manager will interceed.
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
