| 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 2020 - 30 Jun 2020 | 01 Sept 2020 | 35 | 39% | 54% | 7% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 06 Apr 2020 | 36 | 42% | 50% | 8% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Sept 2019 | 36 | 43% | 47% | 10% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Jun 2019 | 35 | 48% | 41% | 11% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms applied are 60 days end of month.
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
150
Stated In our standard terms should any disputes arise which cannot be resolved by the parties then will be submitted to the mediation customer-supplier relationships mediator.If the mediation process fails then this maybe brought by either party before the court of jurusdiction.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Michelin Tyre Public Limited Company is a multinational tire manufacturer headquartered in Clermont-Ferrand, France. The company was founded in 1889 and has since become one of the world's largest tire manufacturers, operating in over 170 countries.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include reducing CO2 emissions from its production processes, promoting sustainable mobility through the development of eco-friendly tires, and investing in renewable energy sources.
Michelin offers a wide range of products and services, including tires for cars, trucks, motorcycles, and bicycles, as well as specialty tires for industrial and agricultural vehicles. The company also provides a digital platform for tire management and maintenance services.
The key people at Michelin include the CEO, Florent Menegaux, and the Chairman, Jean-Dominique Senard. The company has a global workforce of over 114,000 employees.
For more information on Michelin's products and services, customers can visit their website at www.michelin.com. The registered office address is 23 place des Carmes-Déchaux, 63000 Clermont-Ferrand, France.
In summary, Michelin Tyre Public Limited Company is a leading tire manufacturer with a strong commitment to sustainability. They offer a diverse range of products and services, and their key people are dedicated to driving the company's success. Customers can find more information on their website, and the company's headquarters are located in France.
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