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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 34 | 53% | 46% | 1% | 6% |
| 01 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 34 | 55% | 43% | 2% | 4% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 34 | 54% | 44% | 2% | 6% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 35 | 51% | 47% | 2% | 6% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 35 | 58% | 39% | 3% | 6% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 36 | 54% | 41% | 5% | 8% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 36 | 54% | 42% | 4% | 8% |
| 01 Apr 2022 - 30 Sept 2022 | 25 Oct 2022 | 36 | 49% | 48% | 3% | 8% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 37 | 46% | 50% | 3% | 7% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 36 | 44% | 54% | 3% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 38 | 39% | 59% | 2% | 5% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 39 | 41% | 55% | 4% | 11% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 39 | 43% | 54% | 3% | 7% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 41 | 39% | 51% | 10% | 6% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 39 | 39% | 58% | 3% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Toyota (GB) PLC's standard payment terms for third party suppliers are 30 days, however other terms are operated in exceptional circumstances by prior agreement of our Procurement department. Payment runs are made weekly, paying all approved invoices that are due, or falling due, prior to the next payment run. Standard payment terms for inter-group transactions with other Toyota entities are 25th following month (maximum 55 days).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Toyota (GB) PLC operate a strict Purchase Order policy and suppliers should not accept an order without an official accompanying Purchase Order. Invoices that are received without quoting a valid Purchase Order number will inevitably be delayed for payment.
Maximum contractual payment period agreed
55
In the first instance queries related to payment should be directed to our Accounts Payable team who are able to deal with the majority of queries. Escalation thereafter is with the relevant business area to whom the goods or services were supplied and then ultimately our Procurement department.
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
Toyota (G.B.) PLC operates as Toyota's UK national sales and marketing company, trading as Toyota UK. It manages the distribution of new and used Toyota vehicles through a network of dealers, offering information on models, finance options, servicing, and vehicle offers via its website. The company supports electric, hybrid and hydrogen vehicle ranges, as well as fleet and business sales, finance products, and aftersales services such as servicing, parts and warranty support. It represents the UK arm of the wider Toyota motor group, coordinating retail and customer-facing activity rather than manufacturing vehicles itself.
Generated from the company's website and Companies House records. Sources: toyota.co.uk · toyota.co.uk