TCCT RETAIL LIMITED
Company Information
- Company Number
- 07397858
- Registered Address
- C/O Interpath Ltd, 10 Fleet Place, London, EC4M 7RB
- Status
- Liquidation
- Employee Count
- 4,571
- Turnover
- £232,005,000
- EBITDA
- -£27,762,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 5 October 2010
- Nature of Business
- 79110 - Travel agency activities
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
TCCT RETAIL LIMITED demonstrates an excellent payment trend with an average payment time of 12 days, indicating highly prompt settlement. A significant 92% of payments are consistently completed within 30 days, showing a strong and reliable trajectory towards early settlement. The company exhibits a clear commitment to rapid payment cycles with minimal deviation.
Volatility Analysis
While 92% of payments are within 30 days, the 4% late payment rate, including 6% within 31-60 days and 2% over 60 days, introduces a very low level of volatility. This suggests that although payments are overwhelmingly reliable, there is a minor, infrequent risk of delays beyond the standard terms. However, the vast majority of payments are highly predictable, making overall payment behavior very stable.
Summary Analysis
TCCT RETAIL LIMITED is assessed as a low-risk client due to its consistently prompt payment behavior and strong adherence to early settlement. Suppliers can confidently expect timely payments, though it is prudent to acknowledge the minor 4% late payment rate and potential, albeit rare, minor delays. Standard payment terms should suffice, with no advanced risk mitigation strategies typically required given their excellent performance.
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 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 8 | 98% | 1% | 1% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 12 | 92% | 6% | 2% | 4% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 35 | 86% | 6% | 8% | 10% |
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 variable per supplier but are in advance of departure date where applicable.
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
90
Dispute Resolution Process
All invoice queries are dealt with by the Accounts Payable teams that have central helpdesk functions. Disputed items are escalated to appropriate Management as necessary.
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.
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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?
❌
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
TCCT RETAIL LIMITED operated as a private limited company primarily involved in the retail sector. The company name specifically indicated its business focus on retail operations.
The company was incorporated on 5 October 2010 under company number 07397858. It was based in London, with its registered office currently located at C/O Interpath Ltd, 10 Fleet Place, London, EC4M 7RB. TCCT RETAIL LIMITED is currently in liquidation.
Private limited companies operating in the UK retail sector typically specialise in selling goods or services directly to consumers. This can involve operating physical stores, e-commerce platforms, or a combination of both, offering a diverse range of products from various industries.
