Score of 94.07/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 12 | 95% | 5% | 0% | 9% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 17 | 91% | 7% | 2% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 17 | 88% | 11% | 1% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 22 | 85% | 13% | 2% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 21 | 88% | 10% | 2% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 22 | 80% | 12% | 8% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 16 | 90% | 8% | 2% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 23 | 82% | 15% | 3% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Feb 2022 | 27 | 73% | 21% | 6% | 41% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 25 | 79% | 18% | 3% | 37% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 27 | 76% | 19% | 5% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 28 | 74% | 21% | 5% | 42% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 23 | 86% | 12% | 3% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 10 Jul 2018 | 23 | 85% | 14% | 1% | 20% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
As per our standard terms and conditions our payment terms are 60 days from the end of the month which TUV SUD Ltd is in receipt of a proper 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
60
Our preferred method of receiving invoices is through email to tvs18@tropper-data-service.de. If there is a dispute over an invoice our accounts payable department will contact the supplier either via email or telephone call to explain what the issue is and agree how this can be resolved. If there is a dispute over payment or payment has not been received within the agreed contract terms, supplier can contact the accounts payable team via email – accounting-0079@tuv-sud.co.uk. We aim to respond to queries within 48 hours and will work with our suppliers to resolve any issues.
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
TUV SUD LIMITED is a leading provider of testing, inspection, and certification services based in the United Kingdom. They offer a wide range of services to various industries such as automotive, chemical, consumer products, and healthcare.
As part of their commitment to sustainability, TUV SUD LIMITED has implemented a comprehensive sustainability program. This program focuses on reducing their environmental impact, promoting social responsibility, and ensuring ethical business practices. They have also received various certifications for their efforts in sustainability.
The company offers a variety of products and services to their clients, including product testing and certification, training and consultancy, and risk management solutions. They also provide customized solutions to meet the specific needs of their clients.
TUV SUD LIMITED has a team of highly skilled and experienced professionals who are dedicated to providing quality services to their clients. Their key people include the Chief Executive Officer, the Managing Director, and the Chief Financial Officer.
For any inquiries or information, customers can contact TUV SUD LIMITED through their website or by visiting their registered office at 1 New York Street, Manchester, M1 4HD, United Kingdom. Their website address is www.tuvsud.com/uk.
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