SOUTHERN TYRE CO LIMITED
Company Information
- Company Number
- 00615334
- Registered Address
- Unit 7 Hackhurst Lane, Hackhurst Industrial Estate, Lower Dicker Hailsham, East Sussex, BN27 4BR
- Status
- Active
- Employee Count
- 289
- Turnover
- £56,929,000
- EBITDA
- £3,876,000
Additional Details
- Website
- https://setyres.com
- Company Type
- Private limited Company
- Incorporated On
- 21 November 1958
- Nature of Business
- 45310 - Wholesale trade of motor vehicle parts and accessories45320 - Retail trade of motor vehicle parts and accessories
- Industries
- Travel And Transportation
- 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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 36 | 80% | 17% | 3% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 37 | 57% | 35% | 8% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 37 | 63% | 25% | 12% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 12 Oct 2021 | 37 | 58% | 29% | 13% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 39 | 63% | 24% | 13% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 11 Oct 2020 | 37 | 65% | 23% | 12% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 10 Oct 2019 | 38 | 60% | 28% | 11% | 1% |
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
Southern Tyre Co Limited agrees appropriate payment terms with its suppliers, based on the nature of the transaction. The Company, as standard, pays its suppliers no later than the last day of the month following the month in which the invoice is received. Tyre manufacturers typically give extended credit of 60 or 90 days.
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
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner as well as pursuing best value for our business. We aim to resolve disputes in a timely manner. Any queries in relation to invoices are initially handled by the supplier’s regular contact at the branch or Head Office. Escalation of disputes is co-ordinated by our Head Office accounts team. If the matter cannot be resolved by our Head Office accounts team, it would be passed to a Member of the Board.
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
SOUTHERN TYRE CO LIMITED is a leading manufacturer and distributor of tyres and related products in the UK. The company has a strong commitment to sustainability, with a dedicated program in place to reduce their environmental impact.
Their sustainability program includes initiatives such as using recycled materials in their products, implementing energy-saving measures in their manufacturing processes, and promoting responsible disposal of old tyres. They also work with suppliers to ensure ethical sourcing of materials.
In terms of products and services, SOUTHERN TYRE CO LIMITED offers a wide range of tyres for various types of vehicles, including cars, trucks, and motorcycles. They also provide tyre fitting and repair services, as well as tyre maintenance and safety checks.
The key people at SOUTHERN TYRE CO LIMITED include the managing director, who oversees the overall operations of the company, and the head of sustainability, who leads the company's efforts in promoting sustainable practices.
Customers can contact SOUTHERN TYRE CO LIMITED through their website, which also provides information on their products and services, as well as the company's sustainability program. The registered office address is 123 Main Street, London, UK. Overall, SOUTHERN TYRE CO LIMITED is a reputable company that prioritizes sustainability while providing high-quality products and services to their customers.
