TOPPS TILES (UK) LIMITED

Standard payment terms

Topps Tiles do not have a standard set of terms; instead terms are negotiated with individual suppliers. The most commonly used payment terms for Topps Tiles are payments by: (a) the end of the following month (ranging from 30 to 60 days), (b) the end of the month plus 60 days, (c) 90 days, and (d) 120 days.

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

No information available

Any other information about payment terms

These terms are typically used for Far Eastern suppliers where we take ownership of the stock at the port in the Far East and payment terms recognise the amount of time the stock is in transit to us.

Maximum contractual payment period agreed

120

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