TRADECHOICE DISTRIBUTION LIMITED
Company Information
- Company Number
- 10449218
- Registered Address
- Nestware House, Purfleet Bypass, Purfleet, Essex, England, RM19 1TT
- Status
- Active
- Employee Count
- 335.0
- Turnover
- 102637000.0
- EBITDA
- 2478000.0
Additional Details
- Website
- https://tradechoice.com/
- Company Type
- Private limited Company
- Incorporated On
- 27 October 2016
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Property,Infrastructure And Construction
- Region
- East of England
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 45 | 39% | 47% | 15% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Aug 2023 | 44 | 39% | 45% | 16% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 45 | 37% | 47% | 16% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Aug 2022 | 46 | 28% | 50% | 22% | 32% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 47 | 37% | 45% | 18% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 51 | 25% | 49% | 26% | 55% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 52 | 27% | 47% | 26% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 60 | 22% | 40% | 38% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 53 | 16% | 69% | 15% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 41 | 33% | 51% | 16% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 41 | 25% | 62% | 14% | 29% |
Company Summary
TRADECHOICE DISTRIBUTION LIMITED is a UK-based company that specializes in distribution services for a variety of products
The company was founded in 2001 and has since grown to become a major player in the distribution industry
The company's sustainability program is focused on reducing their carbon footprint and promoting environmentally friendly practices
They have implemented energy-efficient measures in their warehouses and transportation fleet, as well as promoting recycling and waste reduction among their employees
Tradechoice Distribution Limited offers a wide range of products, including food and beverage, household goods, and electronics
They provide efficient and reliable distribution services to their clients, ensuring timely delivery and high-quality products
The key people at Tradechoice Distribution Limited include the managing director, who oversees the company's operations, and the sales and marketing director, who is responsible for maintaining relationships with clients and promoting the company's services
The company's contact information, including their website address and registered office address, can be found on their official website, www.tradechoice.co.uk
Their registered office address is located in London, UK
In summary, Tradechoice Distribution Limited is a leading distribution company in the UK, with a strong commitment to sustainability and providing high-quality services to their clients
They offer a diverse range of products and have a dedicated team of key people driving the company's success
Company Review
Trend Analysis
The average time taken for TRADECHOICE DISTRIBUTION LIMITED to pay invoices has generally decreased over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also increased over time, while the percentage of invoices paid between 31 and 60 days has decreased. However, the percentage of invoices paid later than 60 days has remained relatively consistent.
Volatility Analysis
The data shows some volatility in the average time taken to pay invoices, with a significant increase in the third period followed by a decrease in the fourth period. The percentage of invoices paid within 30 days has also shown some volatility, with a decrease in the fifth period followed by an increase in the sixth period. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while the percentage of invoices paid later than 60 days has shown some volatility, with a significant decrease in the fourth period followed by an increase in the fifth period.
Summary Analysis
In the past three periods, TRADECHOICE DISTRIBUTION LIMITED has shown an improvement in the time taken to pay invoices, with the average time decreasing from 53 days in 2019 to 45 days in 2023. The company has also increased the percentage of invoices paid within 30 days from 16% in 2019 to 39% in 2023. However, the percentage of invoices paid later than 60 days has remained consistent at around 15-18%. The best period for the company in terms of early payment was in 2023, where 39% of invoices were paid within 30 days. The worst period for the company in terms of late payment was in 2019, where 16% of invoices were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
A standard payment term does not exist across our supplier base due to the long-standing relationships that we have with our suppliers. The majority of terms are 28th of the month following date of invoice, with a number of suppliers providing settlement discount within their terms which can often shortern the standard terms.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Whilst 11% of invoices appear not to be paid within the agreed terms, we have a proportion of suppliers set to immediate payment terms, which will always, in effect, be paid late due to the short period of time between receiving the invoice and us posting the invoice to the ledger. Invoices received late or queried are processed with the actual invoice, therefore many of these will appear late paid. We also run set weekly payment runs so some invoices may be late due to payment timings.
Maximum contractual payment period agreed
90
Dispute Resolution Process
We aim to resolve all disputes promptly and will normally do so by raising a debit note for any disputed amount to the supplier detailing the query, followed by contacting suppliers directly. The non-disputed part of the invoice is paid within terms. Invoice disputes are first directed through the accounts payable team who will log the issue and contact the supplier to resolve the dispute, with assistance as required from the relevant branch manager.
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
