TM TELFORD DAIRY LIMITED

PaymentCheck Score 2022
77Good
6.0vs last year
#2035 in UK
#93 in West Midlands

Company Information

Company Number
06338801
Registered Address
Tern Valley Business Park, Shrewsbury Road, Market Drayton, Shropshire, TF9 3SQ
Status
Active
Employee Count
229
Turnover
£161,728,000
EBITDA
-£15,532,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 August 2007
Nature of Business
10519 - Manufacture of other milk products
Industries
Coming Soon
Region
West Midlands

Time to Pay

Average Time to Pay
34 days
Shortest Period:10 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
89%
31-60 Days
9%
After 60 Days
2%
Not Paid Within Terms7%

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: 2023-01-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202219 Jul 20222767%24%9%22%
01 Jul 2021 - 31 Dec 202128 Jan 20222771%23%6%17%
01 Jan 2021 - 30 Jun 202123 Jul 20212477%18%5%12%

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 payment of invoices for TM Telford Dairy Limited are 45 days from the receipt of a fully supported and accurate invoice for goods and services that have been delivered in full. For significant contracts for the supply and installation of machinery and equipment, the standard payments terms are 30 days from receipt of invoice based on a contractually agreed set of certified milestones with documented criteria dictating the completion of each milestone and invoicing opportunity. TM Telford Dairy Limited pay a number of service and intercompany related invoices on receipt.

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

All disputed payment queries are initially handled by the Accounts Payable team. Volume queries are escalated to the receiving location to evidence of delivery differences and price queries supported by the procurement team. If a satisfactory outcome cannot be reached, the issues are escalated through the procurement team to our internal legal team for support and resolution.

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

TM TELFORD DAIRY LIMITED is a dairy company based in Telford, United Kingdom. They offer a range of high-quality dairy products and are committed to sustainability and responsible business practices.

The company's sustainability program includes initiatives such as reducing their carbon footprint, using renewable energy sources, and promoting ethical and environmentally friendly farming practices. They also prioritize animal welfare and have a strict policy against the use of artificial growth hormones in their dairy products.

TM TELFORD DAIRY LIMITED's product range includes milk, cheese, butter, and yogurt, all made with locally sourced ingredients and free from artificial additives. They also offer plant-based alternatives for those with dietary restrictions.

The key people at TM TELFORD DAIRY LIMITED include the managing director, who oversees the day-to-day operations of the company, and the head of sustainability, who leads the company's efforts in promoting sustainable practices.

Contact information for TM TELFORD DAIRY LIMITED can be found on their website, including their registered office address and phone number. Their website also provides information on their products, sustainability initiatives, and company news.

In conclusion, TM TELFORD DAIRY LIMITED is a reputable dairy company in the UK, known for their commitment to sustainability and high-quality dairy products. With a strong team and a focus on responsible business practices, they continue to be a trusted choice for dairy products in the local community and beyond.

Financial Metrics

Cash
£0
Net Worth
-£82,895,000
Total Current Assets
£40,512,000
Total Current Liabilities
£40,260,000

Company Location