BROSE LIMITED
Company Information
- Company Number
- 00849216
- Registered Address
- Colliery Lane, Exhall, Coventry, CV7 9NW
- Status
- Active
- Employee Count
- 465
- Turnover
- £144,342,000
- EBITDA
- £6,573,000
Additional Details
- Website
- https://www.brose.com/
- Company Type
- Private limited Company
- Incorporated On
- 18 May 1965
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Manufacturing, Raw Materials And Intermediate Goods, Road Travel
- Region
- West 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 | 23 Jul 2025 | 34 | 51% | 35% | 14% | 51% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 30 | 55% | 33% | 12% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 31 | 56% | 34% | 10% | 48% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 33 | 51% | 37% | 12% | 45% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 30 | 55% | 36% | 7% | 60% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 28 | 54% | 39% | 7% | 52% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Feb 2021 | 32 | 47% | 44% | 9% | 56% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 28 | 62% | 29% | 9% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 33 | 49% | 43% | 8% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 27 | 63% | 30% | 7% | 50% |
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
Terms are agreed individually with suppliers. The most common terms are -: 25th of the following month -: Before 15th in 2 months due net Payment dates are 15th of the month and 25th of the month. It is company policy to pay promptly to the agreed terms and any late payments are generally as a result of invoices received late and/or invoices in dispute.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
When the 15th and 25th fall on a weekend or bank holiday, the payment is received by the supplier on the next banking day. When these are excluded from "Invoice document date not paid on time" statistic, the result changes from 51% to 13% & GBP 17,063,251 to £2,068,930
Maximum contractual payment period agreed
92
Dispute Resolution Process
Supplier invoices, statements, payments and disputes are managed by the Accounts Payable team Contact details: Finance.Coventry@brose.com The Accounts Payable team, will involve other parties as necessary in order to resolve issues as quickly as possible.
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
BROSE LIMITED is a leading global company that specializes in the development and production of mechatronic systems for vehicle doors and seats. The company was founded in Germany in 1908 and has since expanded its operations to 23 countries worldwide, including the United Kingdom.
As part of its commitment to sustainability, BROSE LIMITED has implemented various environmental initiatives, such as reducing CO2 emissions, optimizing energy and material efficiency, and promoting the use of renewable energy sources. The company also places great emphasis on social responsibility, with programs in place to support education and training for employees, as well as local communities.
BROSE LIMITED offers a wide range of products and services, including door systems, seat systems, and electric motors. These products are used by major automotive manufacturers, such as BMW, Audi, and Mercedes-Benz, to enhance the comfort, safety, and efficiency of their vehicles.
The key people at BROSE LIMITED include the CEO, Dr. Ing. Torsten Greiner, and the Chairman of the Supervisory Board, Prof. Dr. Ing. Joachim Milberg. The company has a strong team of over 27,000 employees worldwide, who are dedicated to delivering high-quality products and services to their customers.
For more information on BROSE LIMITED and its sustainability program, products, and services, you can visit their website at www.brose.com. The company's registered office address in the UK is 1 The Crescent, Birmingham, B16 8EQ.
