CONTINENTAL TYRE GROUP LTD
Company Information
- Company Number
- 00296602
- Registered Address
- Botanica Ditton Park Riding Court Road, Datchet, Slough, Berkshire, England, SL3 9LL
- Status
- Active
- Employee Count
- 211.0
- Turnover
- 356926000.0
- EBITDA
- 8868000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 January 1935
- Nature of Business
- 45310 - Wholesale trade of motor vehicle parts and accessories
- Industries
- Travel And Transportation
- Region
- South East
Company Location
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 | 31 Jan 2024 | 30 | 43% | 50% | 6% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | 37 | 37% | 57% | 6% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 07 Aug 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 40 | 35% | 47% | 19% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 44 | 30% | 46% | 24% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 49 | 24% | 42% | 34% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 47 | 25% | 43% | 32% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 46 | 27% | 43% | 30% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 46 | 28% | 43% | 29% | 9% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 46 | 28% | 46% | 27% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 46 | 27% | 47% | 26% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 31 | 47% | 44% | 9% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 32 | 48% | 33% | 19% | 6% |
Company Summary
Continental Tyre Group Ltd
is a leading global manufacturer of tires and automotive solutions
The company was founded in 1871 and has its headquarters in Hanover, Germany
The company's sustainability program focuses on reducing the environmental impact of its operations and products
It has set ambitious goals to reduce CO2 emissions, increase energy efficiency, and promote the use of sustainable materials in its products
Continental Tyre Group also aims to promote sustainable mobility through innovative solutions such as electric and hybrid tires
Their product portfolio includes a wide range of tires for cars, trucks, motorcycles, and bicycles, as well as specialty tires for industrial and agricultural vehicles
They also offer a variety of automotive solutions such as brake systems, safety technologies, and vehicle electronics
The key people at Continental Tyre Group Ltd
include Nikolai Setzer, the CEO, and Dr
Ariane Reinhart, the Head of Human Resources and Sustainability
They are supported by a team of experienced leaders and experts in the field of mobility and sustainability
To contact Continental Tyre Group, you can visit their website at http://www.continental-tyres.co.uk or reach out to their registered office at Continental Reifen Deutschland GmbH, Vahrenwalder Strasse 9, 30165 Hanover, Germany
The company has a global presence with offices and manufacturing facilities in over 50 countries
Company Review
Trend Analysis
The trend for Continental Tyre Group Ltd. shows a gradual decrease in the average time taken to pay invoices over the past three periods. Additionally, there has been a consistent increase in the percentage of invoices paid within 30 days, while the percentage of invoices paid between 31 and 60 days has decreased. However, the percentage of invoices paid later than 60 days has remained relatively stable.
Volatility Analysis
The volatility of Continental Tyre Group Ltd. in terms of invoice payment has decreased over the past three periods. This is shown by the decreasing percentage of invoices not paid within agreed terms and the consistent, low percentage of invoices paid later than 60 days.
Summary Analysis
From Jan 2018 to Jun 2018, Continental Tyre Group Ltd. had an average time to pay of 32 days, with 48% of invoices paid within 30 days, 33% paid between 31 and 60 days, and 19% paid later than 60 days. The following period, Jul 2018 to Dec 2018, saw a decrease in the average time to pay to 31 days, with 47% of invoices paid within 30 days, 44% paid between 31 and 60 days, and only 9% paid later than 60 days. However, the percentage of invoices not paid within agreed terms increased to 18%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days after invoice date (EOM) to next pay date (Pay dates are every 3rd and 17th or the next working day after 3rd or 17th each month)
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
90
Dispute Resolution Process
Suppliers should contact Accounts Payable department (via email or telephone) based in Datchet. Depending on nature of the complaint this can be escalated to service requestor.
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