TIDE CONSTRUCTION LIMITED
Company Information
- Company Number
- 08656212
- Registered Address
- 5th Floor, 62-64 Baker Street, London, W1U 7DF
- Status
- Active
- Employee Count
- 39
- Turnover
- £187,148,000
- EBITDA
- £4,330,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 August 2013
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Property, Infrastructure And Construction
- Region
- London
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 Mar 2021 - 31 Aug 2021 | 11 Nov 2021 | 33 | 54% | 41% | 5% | 0% |
| 01 Sept 2020 - 28 Feb 2021 | 11 Nov 2021 | 33 | 49% | 46% | 5% | 0% |
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 agreed with sub-contractors and suppliers as part of contract negotiations and to comply with any statutory and contractual requirements. The most frequently used payment terms in the reporting period are 30 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
60
Dispute Resolution Process
Tide Construction seeks to avoid disputes by discussing any issues with the relevant parties. Tide Construction communicates regularly with key supply chain partners at a management level. Where it is not possible to reach agreement on any dispute there are a number of potential dispute resolution methods available to the parties including arbitration, mediation and expert determination.
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?
❌
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
TIDE CONSTRUCTION LIMITED is a leading construction company in the United Kingdom that specializes in sustainable building practices. The company was founded in 2006 and has since completed numerous projects across various sectors including residential, commercial, and mixed-use developments.
The company's sustainability program is at the forefront of their operations, with a focus on reducing the environmental impact of their projects. They use sustainable materials and construction methods, and also implement renewable energy solutions in their buildings.
TIDE CONSTRUCTION LIMITED offers a wide range of products and services, including design and construction, project management, and refurbishment. They also provide consultancy services, helping clients to achieve their sustainability goals.
The key people behind TIDE CONSTRUCTION LIMITED are company directors, Gavin Hendry and Michael Richards. They have a combined experience of over 40 years in the construction industry and are committed to delivering high-quality sustainable projects.
For more information on TIDE CONSTRUCTION LIMITED and their services, interested parties can visit their website at www.tideconstruction.co.uk. Their registered office address is at 28 Scrutton Street, London, EC2A 4RP.
