TIMICO LIMITED
Company Information
- Company Number
- 04841830
- Registered Address
- Brunel Business Park, Jessop Close, Newark, Notts, England, NG24 2AG
- Status
- Active
- Employee Count
- 222
- Turnover
- £45,221,000
- EBITDA
- £1,920,000
Additional Details
- Website
- https://atlas.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 23 July 2003
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Telecommunications
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
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 2018 - 31 Dec 2018 | 17 Jul 2019 | 42 | 30% | 59% | 11% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 41 | 34% | 57% | 9% | 51% |
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
Timico Limited agrees specific payment terms with suppliers. In the absence of agreed payment terms, Timico Limited's standard payment terms are 30 days.
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
Dispute Resolution Process
Timico Limited is committed to acting fairly and with integrity in its dealing with suppliers. All invoices should be sent to finance@timico.co.uk and in the event of a dispute on an invoice the main point of contact is the purchase ledger department. To resolve a dispute, Timico Limited will follow the supplier's procedure for reporting the dispute. The supplier is then required to provide any missing information or to issue a corrected invoice/credit note in a timely manner. If there is further dispute on the payment of the invoice, there is an escalation process to senior finance management and in occasional circumstances, this may be referred to our legal team.
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.
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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
Company Summary
TIMICO LIMITED is a UK-based company that specializes in providing sustainable technology solutions for businesses. They offer a wide range of products and services, including cloud computing, data connectivity, cybersecurity, and managed IT services.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using renewable energy sources, reducing their carbon footprint, and promoting sustainable practices among their employees and clients.
TIMICO LIMITED's key people include CEO Ben Marnham and a team of experienced professionals who are dedicated to providing high-quality and innovative solutions to their clients.
Their website address is www.timico.co.uk, where customers can find information about their products and services, as well as contact details for support and sales inquiries.
The registered office address for TIMICO LIMITED is 1 Waterside Drive, Langley Business Park, Langley, SL3 6EZ, United Kingdom. Overall, TIMICO LIMITED is a leading technology company that prioritizes sustainability and offers reliable and cutting-edge solutions for businesses.
