Ranked in 3 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 Jul 2025 - 31 Dec 2025 | 27 Jan 2026 | 42 | 37% | 48% | 15% | 84% |
| 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 2023 - 31 Dec 2023 | 29 Jan 2024 | 35 | 34% | 30% | 36% | 78% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 46 | 11% | 61% | 27% | 40% |
| 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 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 23 | 59% | 22% | 19% | 47% |
| 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% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 42 | 22% | 49% | 29% | 95% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
35 different payment terms are used in the organisation ranging from immediate payment to 90 days net monthly.
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
For any payment disputes, they are initially communicated to the financial shared service centre, 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.
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.
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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
Schaeffler (UK) Limited, formerly INA Bearing Company Limited, is a private limited company registered in England since 1955. Companies House records list its business as the manufacture of bearings, gears, gearing and driving elements, the manufacture of other parts and accessories for motor vehicles, and wholesale trade of motor vehicle parts and accessories. The company operates as the UK entity within the Schaeffler group, whose name it carries following the 2006 rebrand from INA Bearing Company Limited. It remains an active registered company, filing accounts and confirmation statements in the normal way. No further detail on specific product lines, customers or UK operating sites is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk