BMW FINANCIAL SERVICES (GB) LIMITED
Company Information
- Company Number
- 01288537
- Registered Address
- Summit One, Summit Avenue, Farnborough, England, GU14 0FB
- Status
- Active
- Employee Count
- 518
- Turnover
- £710,984,000
- EBITDA
- £267,071,000
Additional Details
- Website
- https://mini.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 30 November 1976
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services,Software
- Region
- South East
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 3 | 99% | 1% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 2 | 99% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 2 | 99% | 0% | 0% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 2 | 99% | 0% | 0% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 3 | 99% | 1% | 1% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 3 | 99% | 1% | 1% | 1% |
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
Under BMW Financial Services (GB) Limited’s standard contractual terms we commit to the payment of all undisputed sums due within 30 days of receipt of a valid invoice into our Accounts Payable department
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
30
Dispute Resolution Process
In the event of a dispute, in accordance with our dispute resolution procedure, both parties should attempt to resolve any dispute arising promptly by negotiation. The dispute should be referred for discussion between the relevant Contract Managers. If the parties are unable to resolve the dispute within 30 days of the commencement of the discussions, the dispute shall be referred for a further period of 30 days to appropriate nominated executives or officers of each Party who are suitably senior, experienced and authorised to discuss and settle the dispute. If the Parties fail to agree on a resolution to a dispute either Party may refer any dispute for mediation under the Model Mediation Procedure (MMP) of the Centre of Dispute Resolution (CEDR) in London for the time being in force in accordance with CEDR's Model Mediation Agreement for the time being in force.
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.
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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?
❌
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
BMW Financial Services (GB) Limited is a subsidiary of BMW Group, providing financial products and services for BMW, MINI, and Rolls-Royce vehicles in the UK. They offer a range of financial solutions such as leasing, financing, and insurance to customers and dealerships.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a comprehensive sustainability program, focusing on areas such as energy efficiency, waste reduction, and carbon neutrality. They also offer eco-friendly financing options for electric and hybrid vehicles.
BMW Financial Services (GB) Limited has a strong team of key people, including the Managing Director, Richard Price, and the Financial Director, Chris Brownridge. The company can be contacted through their website or by phone at 0370 5050 150. Their registered office address is Summit ONE, Summit Avenue, Farnborough, Hampshire, GU14 0FB.
In addition to their financial services, the company also offers various insurance products, including motor, travel, and home insurance. They also have a loyalty program, BMW Privilege, which offers exclusive benefits to customers.
Overall, BMW Financial Services (GB) Limited is a reputable and sustainable company, providing a range of financial products and services for BMW Group vehicles in the UK. Their commitment to sustainability and customer satisfaction makes them a preferred choice for many customers.
