GKN AUTOMOTIVE LIMITED
Company Information
- Company Number
- 00034104
- Registered Address
- 2100 The Crescent, Birmingham Business Park, Birmingham, England, B37 7YE
- Status
- Active
- Employee Count
- 96
- Turnover
- £236,676,000
- EBITDA
- £53,948,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 May 1891
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Manufacturing, Raw Materials And Intermediate Goods, Road Travel
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 31 Oct 2025 | 79 | 22% | 29% | 49% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 10 Feb 2025 | 79 | 22% | 29% | 49% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 86 | 12% | 30% | 58% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 75 | 17% | 28% | 55% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 73 | 21% | 31% | 48% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 23 Jul 2022 | 40 | 31% | 38% | 31% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 53 | 36% | 38% | 26% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 54 | 35% | 37% | 28% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 64 | 31% | 42% | 27% | 86% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 57 | 80% | 11% | 9% | 66% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 69 | 28% | 43% | 29% | 76% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company’s standard terms and conditions of purchase (available at: www.GKNAutomotive.com/GeneralPurchasingConditions) provide that payment will be due on the first bi-weekly GKN payment run date falling ninety (90) days after the later of the date on which: (a) a validly issued invoice is received by GKN; or (b) title to the products passes to GKN and/or the services are provided in full (as applicable). However, in practice these terms only apply in the absence of agreement and the company agrees payment terms with its suppliers on a case by case basis. As referred to below in a subsequent question GKN does offer supply chain finance options in relation to qualifying contracts to certain suppliers however, we can confirm that we currently have no suppliers using supply chain financing.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
104
Dispute Resolution Process
Due to the nature of the company’s activities, disputes with its suppliers are very infrequent. The company does not have a formal dispute resolution process. Any disputes or queries should be raised with the relevant company contact for that particular contract (which varies from contract to contract) who will attempt to resolve that dispute with the supplier informally in the first instance. There have been no formal legal disputes about payments/invoices between the company and its suppliers in the reporting period.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
GKN AUTOMOTIVE LIMITED is a global automotive technology company that provides advanced solutions for the design, manufacture and service of systems and components for the world's leading vehicle manufacturers. The company is committed to sustainability and has implemented various programs and initiatives to reduce its environmental impact and promote responsible business practices.
Their sustainability program focuses on reducing emissions, waste and energy consumption across their operations. GKN also works closely with their suppliers to ensure sustainability throughout their supply chain. Their products and services include driveline technologies, all-wheel drive systems, lightweight structures, and eDrive systems. These solutions help to improve vehicle performance, efficiency and reduce emissions.
The key people at GKN AUTOMOTIVE LIMITED include Nigel Stein, the CEO, and Kevin Cummings, the Chief Operating Officer. They lead a team of highly skilled professionals who are dedicated to delivering innovative products and services to their customers.
Contact information for GKN AUTOMOTIVE LIMITED can be found on their website, including their registered office address in Redditch, UK. Their website also provides information on their products, services, sustainability initiatives and career opportunities. GKN is committed to driving sustainable growth and providing solutions for a cleaner, more efficient automotive industry.
