Score of 88.05/100 qualifies for PaymentCheck Certification
TENEO FINANCIAL ADVISORY LIMITED demonstrates a strong trend of timely payments, with an average payment time of 27 days. A significant majority (88%) of invoices are settled within 30 days, indicating consistent adherence to short payment terms. The overall trajectory points to efficient payment processing for most transactions.
Despite the high rate of prompt payments, the 13% late payment rate, specifically the 6% over 60 days, introduces a moderate level of unpredictability for a portion of invoices. This indicates some inherent volatility where a minority of payments may experience significant delays. Suppliers should acknowledge this small but noticeable risk of extended payment cycles when forecasting cash flow.
Overall, TENEO FINANCIAL ADVISORY LIMITED presents a generally reliable payment profile, driven by their high rate of within-30-day settlements, making them a largely stable partner. Key decision factors should weigh the strong majority of prompt payments against the small but notable risk of 13% late payments, particularly the 6% exceeding 60 days. For critical supplies or large transactions, consider clear payment terms and potentially minor credit limits or staged payments to mitigate the risk from the smaller portion of potential outliers.
| 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 - 31 Dec 2024 | 31 Jan 2025 | 28 | 91% | 4% | 5% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 27 | 88% | 6% | 6% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt of a supplier invoice
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
30
Our finance team aim to validate all invoices in a timely manner with any discrepancies or queries being promptly referred to the supplier for resolution. Disputes are generally resolved through discussions between our finance team and the supplier.
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
TENEO FINANCIAL ADVISORY LIMITED operates as an active private limited company, specialising in financial advisory services. The company provides expert guidance and consultation in various financial matters.
The company was incorporated on 10 February 2021, registered under company number 13192958. Its registered office is located at 11 Pilgrim Street, London, United Kingdom, EC4V 6RN.
Financial advisory firms in the UK typically offer a range of services designed to help individuals and businesses manage their finances. These commonly include wealth management, investment advice, retirement planning, and strategic financial planning to achieve client objectives.