Industry ranking
| 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 | 26 Mar 2025 | 29 | 79% | 14% | 7% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Mar 2025 | 67 | 16% | 53% | 31% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 20 Jun 2024 | 29 | 79% | 14% | 7% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 46 | 13% | 68% | 19% | 85% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 47 | 14% | 65% | 21% | 84% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 47 | 13% | 68% | 19% | 84% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 48 | 13% | 65% | 22% | 86% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 47 | 13% | 70% | 17% | 78% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 48 | 11% | 67% | 22% | 76% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 47 | 10% | 71% | 19% | 78% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Mar 2019 | 48 | 9% | 70% | 21% | 75% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days / 45 days EOM (month of invoice + 45 days)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The supplier shall submit invoices to the accounts payable email address. Every invoice is required to have our PO number stated on the invoice. The company may reject any invoice that does not include the information set out above. No payments shall be made until the goods and/ or services have been accepted.
Maximum contractual payment period agreed
45
The company addresses any payment disputes with suppliers on a case-by-case basis
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
This is the registered entity behind the trading name Thermo King UK Limited, as shown on its Companies House record. Its registered activity is maintenance and repair of motor vehicles, with associated listings covering automotive parts, servicing and repair, motor vehicle inspection and automotive wholesale. The company is majority controlled by Thermo King Fleet Solutions Limited, which holds 75% or more of shares and voting rights, indicating it operates as part of a wider Thermo King group structure in the UK. It employs several hundred staff and reports turnover in the tens of millions of pounds. The business focuses on servicing and maintaining vehicles and related equipment rather than manufacturing them, positioning it within vehicle repair and maintenance services.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · uk.globaldatabase.com