TUV SUD LIMITED
Company Information
- Company Number
- SC215164
- Registered Address
- Napier Building, Scottish, Enterprise Technology Park, East Kilbride, Glasgow, G75 0QF
- Status
- Active
- Employee Count
- 609.0
- Turnover
- 63707000.0
- EBITDA
- 7074000.0
Additional Details
- Website
- https://tuv-sud.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 29 January 2001
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- 0
- Region
- West of Scotland
Company Location
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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 | 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 2019 - 31 Dec 2019 | 31 Jan 2020 | 25 | 78% | 20% | 2% | 41% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 23 | 85% | 12% | 3% | 36% |
| 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% |
Company Summary
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
Company Review
Trend Analysis
The average time to pay for TUV SUD LIMITED has been relatively stable over the past three periods, with only a slight increase in the most recent period. However, there has been a significant increase in the percentage of invoices paid later than 60 days in the most recent period.
Volatility Analysis
The volatility in TUV SUD LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. These numbers have varied by 4-6 percentage points over the past three periods.
Summary Analysis
From 2018 to 2021, TUV SUD LIMITED has maintained an average time to pay of 23-28 days. However, in the most recent period (2022-2023), there has been a significant decrease in the average time to pay to 16-22 days. This is accompanied by an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices 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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Our preferred method of receiving invoices is through email to TUV-SUD@restoredigital.co.uk They can also be posted. 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.
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.
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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
