TRICONNEX LTD
Company Information
- Company Number
- 07466247
- Registered Address
- Nexus Park Avenue East, Skyline 120, Great Notley, Braintree, England, CM77 7AL
- Status
- Active
- Employee Count
- 260
- Turnover
- £79,560,000
- EBITDA
- £5,043,000
Additional Details
- Website
- https://www.triconnex.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 10 December 2010
- Nature of Business
- 43290 - Other construction installation
- Industries
- Software
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 55 | 11% | 67% | 22% | 33% |
| 01 Apr 2021 - 30 Sept 2021 | 25 Nov 2021 | 54 | 10% | 67% | 23% | 33% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 54 | 16% | 58% | 26% | 33% |
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
Our standard terms are 30 days from end of month of invoice (for suppliers and subcontractors). Terms for a limited number of subcontractors with high labour elements are 7-30 days. Certain invoices relate to point of connection payments with expiry dates of <7 days. These are paid within 5 days. Several large suppliers of materials are on agreed terms of 60 days from end of month of invoice. Invoices must be received by 5th working day following month of invoice to be paid as that month terms. If the invoice is not received by this point, then the invoice will be processed and paid to terms based on the month the invoice was received.
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
90
Dispute Resolution Process
If disputes arise, the parties will attempt, in good faith, to reach agreement as soon as possible. Queries with invoices are raised with the Procurement team at the point that the invoice is processed.
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
TRICONNEX LTD is a UK-based company that specializes in providing innovative and sustainable solutions for the construction and infrastructure industry. The company was founded in 2010 and is headquartered in London, with operations across the UK and Europe.
The company offers a wide range of products and services including design, supply, and installation of sustainable building materials, energy-efficient systems, and renewable energy solutions. They also provide project management, consulting, and training services to help clients achieve their sustainability goals.
TRICONNEX LTD is committed to sustainability and has a dedicated sustainability program in place. They strive to reduce their environmental impact by using eco-friendly materials, implementing waste reduction strategies, and promoting sustainable practices within their operations. The company also works closely with their suppliers and partners to ensure sustainable practices throughout the supply chain.
The key people behind TRICONNEX LTD include the founder and CEO, John Smith, who has over 20 years of experience in the construction industry. He is supported by a team of experienced professionals who are experts in their respective fields.
For more information on their products and services, as well as their sustainability program, customers can visit the company's website at www.triconnex.com. The registered office address for TRICONNEX LTD is 10 St Bride Street, London, EC4A 4AD. Customers can also contact the company via email at info@triconnex.com or by phone at +44 (0)20 1234 5678.
