| 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 Jun 2020 - 30 Nov 2020 | 14 Dec 2020 | 42 | 34% | 59% | 7% | 14% |
| 01 Dec 2019 - 31 May 2020 | 22 Jun 2020 | 45 | 51% | 39% | 10% | 19% |
| 01 Jun 2019 - 30 Nov 2019 | 19 Dec 2019 | 67 | 24% | 66% | 10% | 18% |
| 01 Dec 2018 - 31 May 2019 | 26 Jun 2019 | 55 | 21% | 66% | 14% | 26% |
| 01 Jun 2018 - 30 Nov 2018 | 20 Dec 2018 | 59 | 8% | 60% | 32% | 32% |
| 01 Dec 2017 - 31 May 2018 | 22 Jun 2018 | 56 | 8% | 41% | 51% | 65% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of our contracts are usually 30 days from receipt of invoice, however there are instances where this can be adjusted as a result of wider contractual negotiations.
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
55
Disputes must be raised with the accounts payable team at accountspayable@tts-group.co.uk.
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
TTS Group Limited is a private limited company incorporated in 2002, originally registered as Ingleby (1486) Limited. Its registered nature of business covers other software publishing and educational support services. Companies House filings show the company has been dormant for several recent financial years, filing dormant company accounts rather than trading accounts. It is now controlled by RM Educational Resources Ltd, having previously been controlled by RM Plc, indicating it forms part of the wider RM group of companies. No evidence was found describing active trading operations, products or services beyond its dormant filing status and its registered SIC classifications relating to software publishing and educational support.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk