GOODYEAR TYRES UK LIMITED
Company Information
- Company Number
- 00223064
- Registered Address
- 2920 Trident Court Solihull Parkway, Birmingham Business Park, Birmingham, England, B37 7YN
- Status
- Active
- Employee Count
- 413.0
- Turnover
- 273140000.0
- EBITDA
- 4931000.0
Additional Details
- Website
- https://botley-tyres.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 6 July 1927
- Nature of Business
- 22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
- Industries
- Travel And Transportation
- Region
- West Midlands
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 06 Feb 2024 | 65 | 7% | 51% | 42% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 06 Feb 2024 | 64 | 9% | 52% | 39% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2024 | 62 | 10% | 58% | 32% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 06 Feb 2024 | 64 | 12% | 55% | 33% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 53 | 15% | 65% | 20% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 55 | 12% | 68% | 20% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 61 | 6% | 67% | 27% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 61 | 12% | 58% | 31% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 61 | 9% | 58% | 33% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 56 | 12% | 61% | 27% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 63 | 10% | 56% | 34% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 63 | 9% | 57% | 34% | 9% |
Company Summary
GOODYEAR TYRES UK LIMITED is a leading tyre manufacturer in the United Kingdom
The company was founded in 1901 and has since established itself as a trusted and reliable brand in the automotive industry
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes reducing carbon emissions, promoting the use of sustainable materials, and implementing energy-efficient practices in its manufacturing processes
GOODYEAR TYRES UK LIMITED offers a wide range of products and services, including tyres for cars, trucks, and motorcycles
They also provide tyre maintenance and repair services to ensure the safety and longevity of their products
The key people at GOODYEAR TYRES UK LIMITED include their managing director, finance director, and sales and marketing director
These individuals bring a wealth of experience and expertise to the company, ensuring its continued success
To contact GOODYEAR TYRES UK LIMITED, interested parties can visit their website at www.goodyear.co.uk or contact their registered office at 292-294 Kirkdale, London, SE26 4RS
With a strong commitment to sustainability and high-quality products and services, GOODYEAR TYRES UK LIMITED is a trusted and reputable choice for all automotive needs in the UK
Company Review
Trend Analysis
GOODYEAR TYRES UK LIMITED has shown a fluctuating trend in the average time taken to pay invoices to suppliers over the past three years. The company started with an average of 63 days in 2018 and has gradually decreased to 55 days in 2021, with a slight increase to 65 days in 2023.
Volatility Analysis
The company has shown volatility in the percentages of invoices paid within 30 days and later than 60 days. In 2018, 34% of invoices were paid later than 60 days, which decreased to 27% in 2019 and then increased to 42% in 2023. On the other hand, the percentage of invoices paid within 30 days has increased from 9% in 2018 to 15% in 2021, but decreased to 7% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
GDTUK do not have a standard payment period for different types of qualifying contracts. During this specific period the most commonly seen payment period was 30 Days [days to pay supplier]*. *Please note - this will potentially change from period to period and is not indicative of any standard payment terms used.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Dispute Resolution Process
We have the following process for receiving and responding to disputes and complaints from Suppliers. Supplier will contact 'Accounts Payable Dept (AP)' via email. AP will respond to the supplier within three (3) business days. AP will check internal systems and seek resolution as appropriate. AP will update the Supplier as appropriate / necessary with any actions or next steps.
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
