TDX GROUP LIMITED

PaymentCheck Score 2024
99Excellent
#173 in UK
#7 in Software
#87 in London

Company Information

Company Number
05059906
Registered Address
1 Angel Court, London, United Kingdom, EC2R 7HJ
Status
Active
Employee Count
245
Turnover
£29,914,000
EBITDA
-£805,000

Additional Details

Company Type
Private limited Company
Incorporated On
2 March 2004
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Software
Region
London

Time to Pay

Average Time to Pay
17 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
99%
31-60 Days
1%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202429 May 20251799%1%0%0%
01 Jan 2024 - 30 Jun 202429 Jul 20241799%1%0%0%
01 Jul 2022 - 31 Dec 202203 Mar 20231698%1%0%0%
01 Jan 2022 - 30 Jun 202206 Sept 20221698%2%0%0%
01 Jul 2021 - 31 Dec 202117 Mar 20221795%4%2%0%
01 Jan 2021 - 30 Jun 202119 Aug 20211596%3%1%2%
01 Jul 2020 - 31 Dec 202019 Feb 20211497%2%1%2%
01 Jan 2020 - 30 Jun 202004 Sept 20201695%3%2%1%

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

Standard payment terms for TDX are 30 days for all contracts.

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

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

Late payment disputes are raised by the supplier and/or the business manager responsible for the goods/services with Procurement and/or Finance, depending on the reason for nonpayment. Action is taken immediately to resolve all disputes and to clear invoices for payment.

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

TDX GROUP LIMITED is a leading provider of data and technology-driven solutions for the credit industry. Established in 2004, the company offers a range of innovative services and products to help businesses and organizations manage their credit risk and debt recovery processes.

One of the key focuses of TDX GROUP LIMITED is sustainability. The company has a strong commitment to reducing its environmental impact and promoting sustainable practices. This is evident in their sustainability program, which includes measures to reduce energy consumption, waste, and carbon emissions. TDX GROUP LIMITED also supports community projects and charities through its corporate social responsibility initiatives.

In terms of products and services, TDX GROUP LIMITED offers a wide range of solutions for the credit industry, including data analytics, debt placement, and recovery management. Their data analytics services provide businesses with valuable insights into customer behavior and credit risk, helping them make more informed decisions. The company's debt placement services help businesses recover outstanding debts, while their recovery management solutions offer a streamlined and efficient process for managing delinquent accounts.

The key people at TDX GROUP LIMITED include CEO Mark Buckley and Managing Director James Brackley. They lead a team of experienced professionals who are dedicated to providing exceptional services and driving the company's growth and success.

For more information on TDX GROUP LIMITED and their products and services, interested parties can visit their website at www.tdxgroup.com. The company's registered office address is located at 1 Angel Court, London, EC2R 7HJ, United Kingdom.

Financial Metrics

Cash
£5,768,000
Net Worth
£13,095,000
Total Current Assets
£17,499,000
Total Current Liabilities
£9,976,000

Company Location