F-M MOTORPARTS LIMITED

PaymentCheck Score 2023
33Poor
#4997 in UK
#352 in Travel And Transportation
#80 in Wales

Company Information

Company Number
01073619
Registered Address
Millgrove House Parc Ty Glas, Llanishen, Cardiff, Wales, CF14 5DU
Status
Active
Employee Count
279
Turnover
£58,533,000
EBITDA
-£12,342,000

Additional Details

Company Type
Private limited Company
Incorporated On
26 September 1972
Nature of Business
29320 - Manufacture of other parts and accessories for motor vehicles
Industries
Travel And Transportation
Region
Wales

Time to Pay

Average Time to Pay
62 days
Shortest Period:20 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
22%
31-60 Days
29%
After 60 Days
49%
Not Paid Within Terms62%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-05-21
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202321 May 20246222%29%49%62%
01 Jul 2020 - 31 Dec 202025 Jan 20215333%31%36%39%
01 Jan 2020 - 30 Jun 202028 Jul 20205921%32%47%58%
01 Jan 2019 - 30 Jun 201923 Jul 20195025%40%35%57%
01 Jul 2018 - 31 Dec 201829 Jan 20195719%37%44%60%
01 Jan 2018 - 30 Jun 201826 Jul 20186019%37%44%44%

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

INTERCOMPANY END OF MONTH 20 DAYS. 60 DAYS OR 2ND WORKING DAY OF 1ST, 2ND,3RD OR 4TH MONTH

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

Dispute Resolution Process

Contact from suppliers chasing are directed to the relevant person in order to resolve disputes. Missing invoices etc quickly turned around – payments initiated as soon as possible.

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

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.

Financial Metrics

Cash
£0
Net Worth
£62,659,017
Total Current Assets
£31,495,632
Total Current Liabilities
£18,443,135

Company Location