MERCEDES-BENZ GRAND PRIX LTD
Company Information
- Company Number
- 00787446
- Registered Address
- Operations Centre, Brackley, Northamptonshire, NN13 7BD
- Status
- Active
- Employee Count
- 1,323
- Turnover
- £636,025,000
- EBITDA
- £180,062,000
Additional Details
- Website
- https://mercedesamgf1.com
- Company Type
- Private limited Company
- Incorporated On
- 9 January 1964
- Nature of Business
- 93199 - Other sports activities
- Industries
- Road Travel
- Region
- East Midlands
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 | 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 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 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 33 | 52% | 45% | 2% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 43% | 53% | 4% | 15% |
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
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
Dispute Resolution Process
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.
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.
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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.
❌
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
MERCEDES-BENZ GRAND PRIX LTD is a British motorsport team and constructor that competes in the Formula One World Championship. The company is based in Brackley, Northamptonshire and has a registered office address at 1 Grandstand, Brackley, Northamptonshire, NN13 5TG.
The team was founded in 1970 and has since won multiple championships, including six consecutive constructors’ titles from 2014 to 2019. They are known for their high-performance cars and have a strong focus on sustainability. MERCEDES-BENZ GRAND PRIX LTD has a sustainability program in place, which aims to reduce their environmental impact and promote sustainability in the motorsport industry.
Their products and services include designing, manufacturing, and racing Formula One cars, as well as providing engineering and consulting services to other racing teams. They also offer road cars under the Mercedes-AMG brand.
The key people at MERCEDES-BENZ GRAND PRIX LTD include Toto Wolff, the team principal and CEO, and Lewis Hamilton, a six-time Formula One World Champion and their lead driver. The team also has a talented group of engineers and mechanics who work together to ensure their success on the race track.
For more information on MERCEDES-BENZ GRAND PRIX LTD and their sustainability program, products, and services, you can visit their website at https://www.mercedesamgf1.com/en/ or contact them via email at contact@mercedesamgf1.com.
