Industry ranking
| 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.
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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 registered in Stoke-on-Trent and classified under manufacture of rubber tyres and tubes. It operates the BFGoodrich brand in the UK, offering tyres for cars, SUVs, 4x4s, vans and light trucks, including all-terrain, mud-terrain, all-season and summer ranges. The BFGoodrich website, run under this company, allows customers to search for tyres by vehicle, registration or size, and to locate dealers. Contact enquiries submitted through the site are collected and processed by Michelin Tyre Plc. The evidence indicates the entity's role covers marketing, sale and customer support for BFGoodrich tyre products within the UK market, alongside its core registered business of tyre manufacturing.
Generated from the company's website and Companies House records. Sources: bfgoodrich.co.uk · bfgoodrich.co.uk