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Their own payment-practices filing · gov.uk

T & B (Contractors) Limited paid suppliers in 32 days on average — within its stated 14–60 day terms

CRN 01667869 · Construction · 12 statutory reports on record · period to 31 Dec 2024

Dated record. The latest report covers a period ending 31 Dec 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
32daysavg time to pay · H2 2024

Their H2 2024 filing put the average 18 days past the shortest term they state (14 days), still within their 60-day upper term.

Their stated terms
14–60 days
Paid outside agreed terms
0% of invoices
Paid after 61+ days
0%
Reporting period
1 Jul 2024 – 31 Dec 2024
Source
their gov.uk filing, filed 16 Jan 2025

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H2 2024 filing

Paid within their stated range — 32 against 14–60 days

The pattern · last 6 of 12 reports

Held steady around 32 days

The read · computed from their figures

T & B (Contractors) Limited's H2 2024 filing put their average at 32 days against stated terms of 14–60 days; 0% of invoices were paid outside agreed terms and 0% took 61 days or longer. Filed 16 Jan 2025.

The pattern is steady — their reported average moves within about ±1 days period to period.

That is 12 statutory periods on record (earliest H1 2019) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Payment code: Fair Payment Code

In their own words · from the filing

Standard payment terms

Subcontractors – Subcontractors are required to make applications for payment as set out in the subcontract order. When the application is received payment will be made 14 days after the application is approved and loaded onto the accounting system. Suppliers – T&B (Contractors) has a standard payment term of 30 days following the month in which the invoice is presented. In certain circumstances this is reduced.

Dispute resolution

All invoices are checked against the T&B purchase order, if any anomaly is found the invoice is emailed to the supplier stating why the invoice is being held. If we have not received a reply within a reasonable time period, the query is chased by the buyer until resolved. Once the correct credit or acceptable explanation has been received the invoice is then cleared for payment. All subcontractor queries are dealt with by the surveyor on that job.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 2024320%0%16 Jan 2025
H1 2024310%0%29 Jul 2024
H2 2023330%0%18 Jan 2024
H1 2023310%0%17 Jul 2023
H2 2022320%0%18 Jan 2023
H1 2022320%0%15 Jul 2022
H2 2021320%0%21 Jan 2022
H1 2021300%0%18 Jul 2021
H2 2020300%0%20 Jan 2021
H1 2020310%0%30 Jul 2020
H2 2019320%0%30 Jan 2020
H1 2019251%1%30 Jul 2019

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
28 Sept 1982
Registered office
RIVERSIDE HOUSE 1 PLACE FARM, ST. ALBANS, AL4 8SB
2 outstanding charges — secured borrowing registered Accounts due 30 Sept 2027

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 32-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 32-day vs a 14-day payment cycle.

≈ £12,500
of invoicing outstanding at any one time on a 32-day cycle — about £7,100 more than the same account would carry at 14-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · T & B (Contractors) Limited

Are they getting slower or faster?
Their reported average was steady — within about ±1 days period to period, around 32 days.
What's their typical pay point?
Their latest reports averaged around day 32, moving within about ±1 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-01667869 · latest period to 31 Dec 2024

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