UK Payment Practices Report

Tower Transit Operations Ltd payment practices report

PennyFetch rating based on government data:

Good payer

Companies House no. 08314506

This rating is PennyFetch’s own assessment derived from data self-reported by Tower Transit Operations Ltd to the UK government.

This company’s most recent filing is from Nov 2024. The data may not reflect their current payment practices. Companies can improve or change their payment behaviour between reporting periods.

Avg. days to pay

14

UK median: 32

Outside agreed terms

10%

UK average: 24%

Trend

Getting faster

13 reports filed

Payment terms

30 to 60 days

Standard terms

Invoice payment breakdown

89%
10%
Within 30 days: 89%31 to 60 days: 10%Over 60 days: 1%

How Tower Transit Operations Ltd compares

Tower Transit Operations Ltd takes an average of 14 days to pay its suppliers, which is 18 days faster than the UK median of 32 days across 9,336 reporting companies. 10% of their invoices fall outside the agreed payment terms, compared to a national average of 24%. Their payment speed has been improving over time based on historical filings.

The “outside agreed terms” percentage measures how often the company pays after its own agreed payment terms (30 to 60 days), not against a fixed 30-day standard. A company with long payment terms can still be rated “Good payer” if it consistently meets those terms.

Payment history

PeriodAvg. days% outside terms% in 30d% over 60d
Apr 2024 to Sept 20241410%89%1%
Oct 2023 to Mar 2024159%90%2%
Apr 2023 to Sept 20231311%89%0%
Oct 2022 to Mar 2023117%93%0%
Apr 2022 to Sept 2022219%91%0%
Oct 2021 to Mar 2022230%89%0%
Apr 2021 to Sept 20212311%89%0%
Oct 2020 to Mar 20212310%89%0%
Apr 2020 to Sept 20202313%85%0%
Oct 2019 to Mar 20202527%80%0%
Apr 2019 to Sept 20192710%83%0%
Oct 2018 to Mar 20193219%70%2%
Apr 2018 to Sept 20183444%53%2%
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Frequently asked questions

According to their most recent self-reported government filing, TOWER TRANSIT OPERATIONS LTD pays invoices in 14 days on average. 10% of their invoices fall outside the agreed payment terms. PennyFetch rates this company as "Good payer" based on that data.

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All payment statistics on this page are self-reported by Tower Transit Operations Ltd to the UK Government Payment Practices Reporting service . The government publishes this data but does not independently verify the figures. Published under the Open Government Licence v3.0.

Most recent report filed: Nov 2024. The rating labels on this page (e.g. “Good payer”, “Often outside terms”) are PennyFetch’s own classifications based on the reported data. They are not government ratings. This page is for informational purposes and does not constitute legal or financial advice.

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