| 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 | 30 Jul 2025 | 55 | 5% | 65% | 30% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 55 | 6% | 61% | 33% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 56 | 6% | 73% | 21% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 57 | 3% | 81% | 16% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 55 | 2% | 82% | 16% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 59 | 3% | 66% | 31% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 62 | 2% | 60% | 37% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 58 | 2% | 67% | 31% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 ± 3 days or 60 ± 3 days depending on goods/services purchased
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
90
Described in Supplier Web Portal. In line with Ford’s ‘Dispute Resolution Web Guide’ - The process is, in general terms, negotiation between the parties, followed by non-binding, third-party mediation, and then litigation. The parties may, however, agree to arbitration after the initial negotiation period.
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
Ford Motor Company Limited is a multinational automotive company with its headquarters in Brentwood, Essex, United Kingdom. It was founded in 1903 by Henry Ford and has since become one of the leading manufacturers of cars and commercial vehicles in the world.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include the use of sustainable materials in its production process, reducing carbon emissions and promoting electric and hybrid vehicles.
Ford offers a wide range of products and services, including passenger cars, commercial vehicles, and financial services. Some of its popular models include the Ford Fiesta, Focus, and Mustang.
The key people at Ford Motor Company Limited include Graham Hoare, the Executive Director of Business Transformation; Lisa Brankin, the Managing Director of Ford of Britain; and Andy Barratt, the Chairman and Managing Director of Ford of Britain. They work together to ensure the company's success and sustainability.
For any inquiries or information, customers can contact Ford Motor Company Limited through their website: www.ford.co.uk. The registered office address is Ford Motor Company Limited, Eagle Way, Brentwood, Essex, CM13 3BW, United Kingdom.
In summary, Ford Motor Company Limited is a leading automotive company that is committed to sustainability and offers a diverse range of products and services. With a strong team of key people and a dedication to reducing its environmental impact, Ford continues to drive towards a more sustainable future.