KOITO EUROPE LIMITED
Company Information
- Company Number
- 00945580
- Registered Address
- Kingswood Road, Hampton Lovett Ind Estate, Droitwich, Worcestershire, WR9 0QH
- Status
- Active
- Employee Count
- 527
- Turnover
- £67,283,000
- EBITDA
- £2,840,000
Additional Details
- Website
- https://koito-europe.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 8 January 1969
- Nature of Business
- 29310 - Manufacture of electrical and electronic equipment for motor vehicles and their engines
- Industries
- Property,Infrastructure And Construction,Travel And Transportation
- 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 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 57 | 18% | 36% | 46% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 60 | 14% | 39% | 47% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 57 | 16% | 40% | 44% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 59 | 16% | 35% | 49% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 63 | 9% | 31% | 60% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 60 | 15% | 31% | 54% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 58 | 16% | 37% | 47% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 58 | 14% | 37% | 49% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 61 | 11% | 38% | 51% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 65 | 6% | 35% | 59% | 64% |
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
60 days Nett end of Month following delivery unless
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
99
Dispute Resolution Process
Suppliers must submit monthly statements which allows us to check we have all invoices. Any invoices received where no Purchase Order was raised OR {for Supplies - if no Good received note generated} / {for Services - Invoices not authorised by managers} OR invoice price does not agree to Purchase Order are placed on hold until supplier can submit further documents, i.e. Order note, proof of delivery etc. If the issue is related to quality of goods or services, this will be discussed by the manager who requested the goods/services and the Supplier. If required this will be escalated up the management chain.
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
KOITO EUROPE LIMITED is a leading automotive lighting company, with its headquarters located in Telford, United Kingdom. The company is dedicated to providing high-quality and innovative lighting solutions for the automotive industry.
Under its sustainability program, KOITO EUROPE LIMITED is committed to reducing its environmental impact and promoting sustainable practices. This includes implementing energy-efficient processes, using eco-friendly materials, and reducing waste and emissions in its operations. The company also works closely with its suppliers to ensure they meet ethical and environmental standards.
KOITO EUROPE LIMITED offers a wide range of products and services, including headlamps, rear combination lamps, fog lamps, and LED lighting systems for various vehicle models. These products are designed to meet the highest standards of safety, functionality, and design.
The key people at KOITO EUROPE LIMITED include Mr. Satoshi Takata, the Managing Director, and Mr. Yasuo Hiraoka, the Director of Operations. Both have extensive experience in the automotive industry and are dedicated to driving the company's success.
For more information on KOITO EUROPE LIMITED and its products and services, customers can visit their website at www.koito-europe.com. The company's registered office address is at 1 Stafford Park 7, Telford, Shropshire, TF3 3BQ, United Kingdom.
