SCHAEFFLER (UK) LIMITED
Company Information
- Company Number
- 00556493
- Registered Address
- Schaeffler (Uk) Limited Waleswood Road, Wales Bar, Sheffield, England, S26 5PN
- Status
- Active
- Employee Count
- 329
- Turnover
- £126,864,000
- EBITDA
- £9,164,000
Additional Details
- Website
- https://ina.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 26 October 1955
- Nature of Business
- 28150 - Manufacture of bearings, gears, gearing and driving elements29320 - Manufacture of other parts and accessories for motor vehicles45310 - Wholesale trade of motor vehicle parts and accessories
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- Yorkshire and The Humber
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 44 | 33% | 50% | 17% | 82% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 48 | 29% | 51% | 20% | 18% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 40 | 32% | 29% | 39% | 62% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 44 | 7% | 72% | 21% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Jul 2022 | 41 | 13% | 62% | 25% | 63% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 44 | 22% | 38% | 40% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 44 | 24% | 38% | 38% | 57% |
| 01 Jan 2020 - 30 Jun 2020 | 19 Aug 2020 | 16 | 69% | 20% | 12% | 30% |
| 01 Jul 2019 - 31 Dec 2019 | 03 Feb 2020 | 39 | 25% | 40% | 35% | 61% |
| 01 Jul 2018 - 31 Dec 2018 | 06 Feb 2019 | 47 | 19% | 46% | 35% | 68% |
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
35 different payment terms are used in the organisation ranging from immediate payment to 90 days net monthly . The most common term is 30 days net monthly, 75 days after month end and 30 days due 2nd of the next month. The next highest payment term used is 60 days due 2nd of the next month.
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
Dispute Resolution Process
For any payment disputes, they are initially communicated to the financial shared service centre - which is based in Slovakia. From then, the dispute is discussed with the person responsible in purchasing for that supplier. Any unresolved issues are escalated to senior management.
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
SCHAEFFLER (UK) LIMITED is a leading supplier of high-quality precision components and systems for the automotive and industrial sectors. The company is committed to sustainable practices and has implemented various measures to reduce its environmental impact.
The sustainability program of SCHAEFFLER (UK) LIMITED includes initiatives such as reducing energy consumption, waste management, and promoting eco-friendly products. The company also has a recycling program in place to minimize its carbon footprint.
The company offers a wide range of products and services, including precision bearings, automotive engine and transmission components, and innovative solutions for electric and hybrid vehicles. Their products are known for their reliability and efficiency, and they are constantly striving to improve and develop new technologies.
The key people of SCHAEFFLER (UK) LIMITED include Managing Director, Mr. Nigel Morgan, and Head of Sustainability, Ms. Angela Shepherd. They are both dedicated to the company's sustainability goals and work towards creating a more environmentally friendly business.
The registered office address of SCHAEFFLER (UK) LIMITED is at Forge Lane, Minworth, Sutton Coldfield, West Midlands, B76 1AP. The company's website address is https://www.schaeffler.co.uk/content.schaeffler.co.uk/en/index.jsp, where customers can find more information about their products and services and contact details. Overall, SCHAEFFLER (UK) LIMITED is a highly reputable company that is committed to sustainability and providing top-quality products to its customers.
