Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2022 - 30 Jun 2022 | 18 Aug 2022 | 42 | 41% | 34% | 25% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Feb 2022 | 46 | 34% | 45% | 21% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 42 | 34% | 41% | 25% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 03 Mar 2021 | 47 | 27% | 43% | 30% | 25% |
| 01 Jun 2020 - 30 Jun 2020 | 20 Jul 2020 | 42 | 36% | 39% | 25% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Feb 2020 | 45 | 31% | 47% | 22% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jun 2019 | 42 | 36% | 46% | 18% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 41 | 40% | 42% | 18% | 17% |
| 01 Jan 2017 - 30 Jun 2017 | 26 Jul 2018 | 30 | 51% | 48% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Nett monthly +1 which equals payment by end of month 2 after invoice month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
Suppliers contacted by phone or email to resolve issues
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Knorr-Bremse Systems for Commercial Vehicles Limited is registered in Bristol and was previously known as Bendix Limited and Bendix HVCG Europe Limited. Its registered activities are the manufacture of other parts and accessories for motor vehicles and the wholesale trade of motor vehicle parts and accessories. The company forms part of the Knorr-Bremse group, an international engineering group, with directors and secretarial appointments linked to the wider German parent organisation. It has filed accounts and confirmation statements regularly with Companies House and remains an active private limited company, incorporated in 1954, operating from premises in Emersons Green, Bristol.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk