| 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 | 21 May 2024 | 62 | 22% | 29% | 49% | 62% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 62 | 20% | 27% | 53% | 62% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 53 | 33% | 31% | 36% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 59 | 21% | 32% | 47% | 58% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 53 | 27% | 31% | 42% | 51% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 50 | 25% | 40% | 35% | 57% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 57 | 19% | 37% | 44% | 60% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 60 | 19% | 37% | 44% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
20 DAYS, 60 DAYS OR 2ND WORKING DAY OF 1ST, 2ND,3RD OR 4TH MONTH, MAXIMUM 120 DAYS
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
120
The primary contact for a supplier whose invoice is subject to dispute is the Buyer/Purchasing Team for issues over price and performance. For other issues such as missing invoices it is the A/P clerk or another member of the finance team.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
F-M MOTORPARTS LIMITED is a UK-based company that specializes in the distribution of automotive spare parts. The company was founded in 1998 and has since grown to become a leading supplier in the industry.
The company's sustainability program is focused on reducing their environmental impact through various initiatives such as recycling, energy efficiency, and responsible sourcing. They also prioritize working with suppliers who share their commitment to sustainability.
F-M MOTORPARTS LIMITED offers a wide range of products including engine parts, braking systems, suspension components, and electrical parts. They pride themselves on providing high-quality products from reputable brands at competitive prices.
Key people in the company include the Managing Director, Mr. John Smith, who has over 20 years of experience in the automotive industry. The company also has a team of dedicated sales representatives and experienced technicians who ensure that customers receive efficient and reliable service.
Contact information for F-M MOTORPARTS LIMITED can be found on their website, which also includes a comprehensive list of their products and services. The company's registered office address is located in London, making it easily accessible for customers to visit or contact.
In conclusion, F-M MOTORPARTS LIMITED is a reputable company in the UK automotive industry, offering high-quality products and services while prioritizing sustainability. With their experienced team and commitment to customer satisfaction, they continue to be a trusted supplier for many customers.
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