The average time taken for BRIDGESTONE UK LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the first and third periods and a decrease in the second period.
The volatility of BRIDGESTONE UK LIMITED's payment schedule can be seen in the varying percentages of invoices paid within 30 days and those paid later than 60 days. The company has shown some improvement in paying invoices within 30 days, but the percentage of invoices paid later than 60 days has remained consistently high.
| 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 2019 - 30 Jun 2019 | 12 Aug 2019 | 42 | 33% | 48% | 19% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 14 Feb 2019 | 34 | 44% | 43% | 13% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 42 | 32% | 50% | 18% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
31 days end of month
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
61
Suppliers can contact our shared service centre in Poland by local rate phone call or dedicated email address with any query they have.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BRIDGESTONE UK LIMITED is a converted / closed converted/closed company, incorporated on 1 February 1972, based in the West Midlands region. Registered business activity: Wholesale trade of motor vehicle parts and accessories.
From Companies House records.