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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 34 | 47% | 50% | 3% | 11% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 33 | 50% | 48% | 2% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 35 | 45% | 53% | 2% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 32 | 53% | 45% | 2% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 31 | 55% | 43% | 2% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 36 | 38% | 58% | 4% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 31 | 57% | 40% | 3% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 34 | 50% | 46% | 4% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 34 | 53% | 45% | 2% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 33 | 52% | 45% | 2% | 26% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 33 | 56% | 41% | 3% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 33 | 54% | 43% | 3% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 34 | 55% | 41% | 4% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 43% | 53% | 4% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Mercedes Benz Grand Prix Limited has standard payment terms of 30 days end of month. There may be exceptions, where contractually we have agreed shorter or longer terms and these apply on an individual basis as agreed.
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
60
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone's satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalate in the first instance to the relevant Head of Department to seek a resolution.
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
Mercedes-Benz Grand Prix Limited is the registered entity behind the Mercedes-AMG PETRONAS Formula One Team, based at Technology Centres in Brackley and Brixworth. It competes as the works team of Mercedes-AMG in the FIA Formula One World Championship, designing, developing, manufacturing and racing cars across a season of Grand Prix events. The team has won multiple consecutive Drivers' and Constructors' World Championships. Its privacy notice confirms that Mercedes-Benz Grand Prix Limited trades as the Mercedes-AMG PETRONAS Formula One Team. The organisation employs over 1,000 people involved in engineering, manufacturing and racing operations, and is registered as active with Companies House under a nature of business relating to other sports activities.
Generated from the company's website and Companies House records. Sources: mercedesamgf1.com · mercedesamgf1.com