VOLKSWAGEN GROUP UNITED KINGDOM LIMITED
Company Information
- Company Number
- 00514809
- Registered Address
- Yeomans Drive, Blakelands, Milton Keynes, MK14 5AN
- Status
- Active
- Employee Count
- 1,002
- Turnover
- £12,836,000,000
- EBITDA
- £145,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 January 1953
- Nature of Business
- 45111 - Sale of new cars and light motor vehicles
- Industries
- Road Travel
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 03 Feb 2025 | 47 | 3% | 89% | 8% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 45 | 4% | 88% | 8% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 33 | 64% | 31% | 5% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 44 | 7% | 89% | 4% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 45 | 6% | 90% | 4% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 44 | 4% | 91% | 5% | 20% |
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
The company's standard payment terms for third party suppliers are net monthly, which means an invoice is settled at the end of the month immediately following the month it was issued. As such, the shortest standard payment period is 30 days, the longest is 62 days and the average is 45 days. Alternative payment terms may also be negotiated on a case by case basis during contract negotiations. The company pays its intra-group suppliers of vehicles and spare parts between 35 and 65 days following the date of invoice, depending on the supplier.
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
65
Dispute Resolution Process
The company aims to resolves all disputes related to payment as efficiently as possible. In the first instance the dispute should be handled by the Accounts Payable team. If it cannot be resolved it will be escalated to the department that entered into the business relationship with the supplier, where the company's representatives will use their best endeavours to resolve the dispute in a reasonable timescale. As a last resort the dispute may be referred to the company's Legal Counsel.
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
Volkswagen Group United Kingdom Limited is a subsidiary of the German automotive company, Volkswagen AG. It was established in 1952 and is headquartered in Milton Keynes, United Kingdom. The company is responsible for the sales, marketing, and distribution of Volkswagen Group vehicles in the UK, including popular brands such as Volkswagen, Audi, SEAT, Skoda, and Porsche.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes investing in electric and hybrid vehicles, as well as promoting sustainable production and resource-efficient processes.
Volkswagen Group United Kingdom Limited offers a wide range of products and services to its customers. This includes passenger cars, commercial vehicles, and financial services such as leasing and insurance. The company also provides aftersales support and maintenance for its vehicles.
The key people in the company include Paul Willis, the Managing Director, who has over 20 years of experience in the automotive industry. The company also has a dedicated team of professionals who are committed to delivering high-quality products and services to their customers.
To contact Volkswagen Group United Kingdom Limited, individuals can visit their website at www.volkswagen.co.uk or reach out to their registered office at Yeomans Drive, Blakelands, Milton Keynes, MK14 5AN. Customers can also connect with the company on their social media channels for updates and information.
