Their own payment-practices filing · gov.uk

How long does TNT Express Ics Limited take to pay its suppliers?

CRN 06058166 · 10 statutory reports on record · period to 31 May 2022

40days

their reported average time to pay suppliers, latest period

Slower than mostvs a 31-day median across 6,185 recent filers

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

Dated record. The latest report covers a period ending 31 May 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

Terms vs reality

Stated terms: 0–80 days. Reported average: 40.

Stated terms0–80d

+40 days

Reported avg40d

At a glance

The key figures

0–80d

their stated terms

21%

invoices paid outside terms

-3d

faster over the window

±4d

steady pattern

Vs peers · latest reported averages

fasterslower

Slower than 69% of large companies reporting.

The pattern

Getting faster

Average days to pay across their last 6 statutory reports.

H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022

Where their supplier invoices land · latest period

within 30 days 36% 31–60 days 51% 61+ days 13%

The read · computed from their figures

TNT Express Ics Limited has filed 10 statutory payment periods (earliest H2 2017). Their latest report puts the average at 40 days against stated terms of 0–80 days.

The direction is faster: from 43 to 40 days over the window — about 3 days faster.

In the latest period 21% of invoices were paid outside their agreed terms, and 13% landed 61+ days out.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

The company does not use standard payment terms but has preferred payment terms of 45 days when negotiating qualifying contracts.

Dispute resolution

To raise a complaint or concern related to payment of invoices suppliers should contact the company's Accounting and Controls Purchase to Pay team by email. The Accounting and Controls Purchase to Pay team will conduct an initial investigation into the reason for non-payment and where possible will resolve simple, straight forward issues, for example, unreceived invoices, administrative errors and purchase order discrepancies. Disputes involving more complex issues such as non-performance, pricing discrepancies or breach of contractual terms will be referred to the company's Sourcing and Procurement or Operations teams to liaise with the supplier and resolve. If required, disputes will be escalated to the company's Legal Counsel and/or senior management team to negotiate and resolve the is

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H1 2022	40	21%	13%	21 Jun 2022
H2 2021	39	34%	8%	16 Dec 2021
H1 2021	35	53%	11%	28 Jun 2021
H2 2020	42	45%	15%	18 Dec 2020
H1 2020	39	72%	15%	18 Jun 2020
H2 2019	43	32%	14%	19 Dec 2019
H1 2019	41	44%	14%	28 Jun 2019
H2 2018	40	41%	17%	17 Dec 2018
H1 2018	38	47%	13%	27 Jun 2018
H2 2017	39	91%	13%	19 Dec 2017

Working-capital effect

What a 40-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 40-day vs a 0-day payment cycle.

≈ £16,000

of invoicing outstanding at any one time on a 40-day cycle — about £15,800 more than the same account would carry at 0-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act 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

Are they getting slower or faster?

Their reported average has moved about 3 days faster over the window (43 → 40 days).

What's their typical pay point?

Their latest reports average around day 40, moving within about ±4 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.

Stay ahead

Watch TNT Express Ics Limited (free)

Their next payment report is due ≈ 27 Dec 2022. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-06058166 · latest period to 31 May 2022

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