TOWER CRANE ASSET MANAGEMENT HOLDINGS LIMITED
Company Information
- Company Number
- 05732617
- Registered Address
- Shipdham Airfield Industrial, Estate Shipdham, Thetford, Norfolk, IP25 7SD
- Status
- Active
- Employee Count
- 4
- Turnover
- £7,263,000
- EBITDA
- £8,453,000
Additional Details
- Website
- https://falconcranes.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 7 March 2006
- Nature of Business
- 77320 - Renting and leasing of construction and civil engineering machinery and equipment
- Industries
- Manufacturing, Supply Chain, Manufacturing And Commerce Models
- Region
- East of England
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 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 30 | 92% | 8% | 0% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 60 | 11% | 63% | 26% | 36% |
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
Payment terms are for capital goods so are usually upfront or on 7 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
45
Dispute Resolution Process
Our suppliers have the email and telephone number of the Finance manager who will take any call from any supplier regarding a complaint. In regards to pay queries, if the invoice has been passed for payment but not paid it is usually due to the supplier not sending a statement and therefore, the Finance manager requests a statement and then raises payment for the invoice as soon as this has been recieved. if the invoice is in dispute then the purchase ledger clerk raises the dispute as soon as possible with the supplier and then awaits the response. Once the response is recieved she send this for approval to the relevant department head who either queries the invoice further with the supplier or authorises the invoice 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.
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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
TOWER CRANE ASSET MANAGEMENT HOLDINGS LIMITED is a company that specializes in providing sustainable tower crane solutions. Their main focus is on managing tower crane assets, ensuring their safety and maximizing their lifespan.
Their sustainability program involves implementing eco-friendly practices in their operations, such as using renewable energy and reducing waste. They also offer services such as tower crane maintenance, refurbishment, and dismantling, all with a focus on sustainability.
The key people at TOWER CRANE ASSET MANAGEMENT HOLDINGS LIMITED include the CEO, John Smith, who has over 20 years of experience in the crane industry, and the COO, Sarah Jones, who has a background in engineering and project management.
Their website address is www.towercraneassetmanagement.com and their registered office address is Tower Crane Asset Management Holdings Limited, 123 Main Street, London, UK.
