Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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?
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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
Tide Construction is a developer and main contractor specialising in volumetric offsite construction. Working alongside its manufacturing partner, Vision Volumetric, under a vertically integrated model, it manufactures fully fitted 3D structural units in factory conditions and assembles them on site into completed buildings. The company delivers large-scale schemes including student accommodation, hotels, residential apartments, co-living and build-to-rent developments, and regeneration projects. It states it has delivered over £3.5 billion of real estate in recent years and has installed around 20,000 volumetric units. Tide also takes on development roles, identifying sites and guiding them through planning before construction. It is registered as a construction company for commercial buildings, based in London.
Generated from the company's website and Companies House records. Sources: tideconstruction.co.uk · tideconstruction.co.uk