TRG CONCESSIONS LIMITED exhibits a clear trend of paying within the 31-60 day window, accounting for 87% of payments, resulting in an average payment time of 48 days. This indicates a consistent trajectory towards mid-range payment terms, with minimal payments made within 30 days.
The high concentration of payments (87%) between 31 and 60 days demonstrates strong payment predictability for suppliers. While 7% of payments are late, the overall pattern suggests a low level of volatility, making TRG a relatively reliable payer within its established timeframe.
Suppliers can reliably expect payment from TRG CONCESSIONS LIMITED around the 48-day mark, predominantly within 31-60 days. It is advisable for suppliers to account for these extended payment terms in their cash flow planning, noting the manageable 7% late payment risk.
| 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 2024 - 29 Dec 2024 | 15 Jan 2025 | 48 | 9% | 87% | 4% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 49 | 12% | 83% | 5% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are the last business day of the month after the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
61
All suppliers can contact the Accounts Payable team by phone or email to check the status of their invoice at any time during normal business hours. Disputes would typically be escalated to a senior member of the finance, procurement or relevant operational function. If necessary, this may be further escalated to the relevant executive board member.
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
TRG CONCESSIONS LIMITED operates as a Private limited Company, with its name reflecting its operation within the concessions sector.
This active company was incorporated on 20 June 2019 and holds company number 12061348. It is registered in London, with its official registered office located at 5-7 Marshalsea Road, Borough, London, United Kingdom, SE1 1EP.
Companies operating within the concessions sector in the UK typically provide a range of goods and services within specific venues. These commonly include managing retail outlets, food and beverage services, or various consumer services within larger premises such as airports, railway stations, shopping centres, or leisure facilities. Such operations involve contractual agreements to provide products or services in dedicated spaces.