FEDERALMOGUL FRICTION PRODUCTS LIMITED
Company Information
- Company Number
- 00447826
- Registered Address
- Millgrove House Parc Ty Glas, Llanishen, Cardiff, Wales, CF14 5DU
- Status
- Active
- Employee Count
- 254
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://www.ferodo.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 January 1948
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Travel And Transportation
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows a general downward trend in the average time taken for FEDERAL-MOGUL FRICTION PRODUCTS LIMITED to pay invoices to suppliers. From 2021 to 2023, there has been a consistent decrease in the average time to pay, indicating an improvement in payment efficiency.
Volatility Analysis
The data also shows a decreasing volatility in the company's payment patterns. While there have been fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days, the overall trend is towards a more consistent and timely payment process.
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 | 23 Jan 2024 | 72 | 12% | 22% | 66% | 78% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 69 | 7% | 19% | 74% | 84% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 82 | 10% | 17% | 73% | 82% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 81 | 9% | 18% | 73% | 84% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 84 | 9% | 16% | 75% | 89% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment 2nd working day of Month (can be 1mth, 2mth, 3mth, 4mth, 5mth) still a lot of suppliers have not agreed to the new terms.
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
122
Dispute Resolution Process
Contact from suppliers chasing are directed to the relevant person in order to resolve disputes. Missing invoices etc quickly turned around – payments initiated as soon as possible.
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
Company Summary
Federal-Mogul Friction Products Limited is a leading global supplier of products and services for the automotive industry. They specialize in manufacturing friction materials, including brake pads, brake linings, and clutch products. The company is committed to sustainability and has a strong focus on environmental responsibility.
One of the key activities of Federal-Mogul Friction Products Limited is their sustainability program. They have implemented various initiatives to reduce their environmental impact, such as energy-efficient manufacturing processes, waste reduction, and recycling programs. The company also works closely with their suppliers to ensure responsible sourcing of materials.
In terms of products and services, Federal-Mogul Friction Products Limited offers a wide range of high-quality friction materials for both OEM and aftermarket customers. Their products are known for their durability, reliability, and performance, making them a trusted choice for many automotive manufacturers and consumers.
The company is led by a team of experienced and dedicated individuals, including Managing Director Paul Johnson, who has been with the company for over 20 years. Under their leadership, Federal-Mogul Friction Products Limited has grown to become a global leader in the industry.
For those interested in learning more about the company and their products and services, their website address is www.federalmogul.com. Their registered office address is Federal-Mogul Friction Products Limited, Technical Centre, Grendon Road, Atherstone, Warwickshire, CV9 2PD, United Kingdom.
In conclusion, Federal-Mogul Friction Products Limited is a highly reputable company that is committed to sustainability and providing high-quality products and services for the automotive industry. With their experienced leadership and focus on environmental responsibility, they continue to make a significant impact in the industry.
