Their own payment-practices filing · gov.uk
Tip Trailer Services UK Limited paid suppliers in 41 days on average — within its stated 30–120 day terms
Their H1 2022 filing put the average 11 days past the shortest term they state (30 days), still within their 120-day upper term.
- Their stated terms
- 30–120 days
- Paid outside agreed terms
- 47% of invoices
- Paid after 61+ days
- 15%
- Reporting period
- 1 Jan 2022 – 30 Jun 2022
- Source
- their gov.uk filing, filed 1 Sept 2022
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2022 filing
Paid within their stated range — 41 against 30–120 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 8 reports
47 → 41 days — faster across the window
The read · computed from their figures
Tip Trailer Services UK Limited's H1 2022 filing put their average at 41 days against stated terms of 30–120 days; 47% of invoices were paid outside agreed terms and 15% took 61 days or longer. Filed 1 Sept 2022.
The direction is faster: from 47 days in H1 2019 to 41 now — 6 days faster across their last 6 reports.
That is 8 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
TIP does not propose one standard term but our most common agreed payment terms is 30 days from the date of invoice. We agree payment terms on a case by case basis dependent on the size of the supplier's business, the services/goods they supply, and the level of spend. This is a mutual arrangement. TIP's payment terms are always based on a number of days after the invoice.
Dispute resolution
TIP is proactive in contacting suppliers with reasons why submitted invoices cannot be processed. TIP operates a purchase order system and all suppliers are required to obtain a purchase order prior to invoice. In the event of there being a query relating to a purchase order such as the amount, the supplier is encouraged to contact the relevant branch or Head Office function that issued the purchase order in order to resolve the dispute. TUP UK has a centralised Accounts Payable function who are always on hand to help suppliers with queries by pointing them to the relevant branch or department and explaining reasons for queried invoices, the department has a dedicated mailbox [email protected]. This team will always be able to help advise timescales for payment and query resol
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2022 | 41 | 47% | 15% | 1 Sept 2022 |
| H2 2021 | 40 | 42% | 14% | 13 Jan 2022 |
| H2 2020 | 44 | 42% | 17% | 22 Mar 2021 |
| H1 2020 | 45 | 48% | 19% | 14 Sept 2021 |
| H2 2019 | 45 | 52% | 20% | 6 Mar 2020 |
| H1 2019 | 47 | 51% | 23% | 29 Oct 2019 |
| H2 2018 | 44 | 44% | 20% | 25 Jul 2019 |
| H1 2018 | 46 | 53% | 25% | 27 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 14 Jun 2013
- Registered office
- 3RD FLOOR, ALTRINCHAM, WA14 2DT
Illustrative · working-capital arithmetic
What a 41-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 41-day vs a 30-day payment cycle.
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 · Tip Trailer Services UK Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-08570225 · latest period to 30 Jun 2022
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