ZF AUTOMOTIVE UK LIMITED
Company Information
- Company Number
- 00872948
- Registered Address
- The Hub Central Boulevard, Shirley, Solihull, West Midlands, United Kingdom, B90 8BG
- Status
- Active
- Employee Count
- 1840.0
- Turnover
- 757071000.0
- EBITDA
- 54914000.0
Additional Details
- Website
- https://conekt.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 March 1966
- Nature of Business
- 29310 - Manufacture of electrical and electronic equipment for motor vehicles and their engines$29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Travel And Transportation
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 62 | 10% | 33% | 57% | 51% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 60 | 13% | 35% | 52% | 50% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 62 | 10% | 36% | 54% | 50% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 63 | 9% | 30% | 61% | 60% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 60 | 13% | 34% | 53% | 50% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 60 | 12% | 43% | 45% | 36% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 60 | 11% | 43% | 46% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 61 | 11% | 37% | 52% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 59 | 13% | 42% | 45% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 58 | 15% | 39% | 46% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 62 | 11% | 37% | 52% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 61 | 11% | 43% | 47% | 44% |
Company Summary
ZF Automotive UK Limited is a leading global automotive supplier that specializes in the design, development, and manufacture of advanced technologies for cars, commercial vehicles, and industrial applications
The company is committed to sustainability and has implemented various programs to reduce its environmental impact and promote social responsibility
The sustainability program of ZF Automotive UK Limited includes initiatives such as reducing energy consumption, minimizing waste generation, and using environmentally friendly materials in its products
The company also collaborates with its suppliers to promote sustainable practices throughout the supply chain
ZF Automotive UK Limited offers a wide range of products and services, including driveline and chassis technology, steering systems, electronic components, and safety systems
Its products are designed to improve vehicle performance, efficiency, and safety while reducing emissions and fuel consumption
The key people at ZF Automotive UK Limited include Richard Gordon, the Managing Director, and Nigel Stein, the Chairman
The company has a team of over 2,500 employees who are dedicated to providing high-quality products and services to its customers
The contact information for ZF Automotive UK Limited is as follows:
- Website: www.zf.com/uk
- Registered office address: ZF Automotive UK Limited, Nottingham Road, Lount, Leicestershire, DE12 5EH, United Kingdom
In conclusion, ZF Automotive UK Limited is a leading automotive supplier that is committed to sustainability and offers a wide range of advanced technologies to improve vehicle performance
With its dedicated team and innovative products, the company continues to drive the automotive industry forward
Company Review
Trend Analysis
The average time taken for ZF AUTOMOTIVE UK LIMITED to pay invoices to suppliers has remained relatively consistent over the past three periods, ranging from 58 to 63 days. However, there has been a noticeable decrease in the percentage of invoices paid within 30 days, with an increase in the percentage of invoices paid later than 60 days. This trend suggests a potential issue with timely payment to suppliers.
Volatility Analysis
ZF AUTOMOTIVE UK LIMITED has seen some volatility in their payment practices over the past three periods, particularly in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. This could indicate a lack of consistency in their payment processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
Disputes and complaints about payments are managed by our Accounts Payable team, processes are being harmonized between all our group companies.
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
