Industry ranking
| 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 | 31 Jul 2025 | 42 | 27% | 60% | 13% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 04 Apr 2025 | 41 | 29% | 58% | 13% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 04 Apr 2025 | 41 | 32% | 55% | 13% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Apr 2025 | 44 | 29% | 56% | 15% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 40 | 33% | 54% | 13% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 38 | 37% | 51% | 12% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 42 | 28% | 57% | 15% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 41 | 30% | 57% | 13% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 42 | 27% | 58% | 14% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 34 | 35% | 52% | 13% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 53 | 23% | 38% | 39% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 45 | 30% | 52% | 18% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 43 | 30% | 54% | 17% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 38 | 39% | 49% | 12% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 39 | 39% | 50% | 11% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For most companies our standard payment terms are 60days EOM.
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
60
If there are disputes relating to invoices due for payment the details of the query are passed to the purchasing department or applicable requisitioner to validate any differences between what has been ordered and what has been invoiced and agree with the supplier. If the supplier invoice is incorrect a credit note is requested. All invoices should be sent to accounts_payable@williamsf1.com in the first instance.
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.
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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
Williams Grand Prix Engineering Limited is a UK-registered engineering company based in Wantage, Oxfordshire. It was incorporated in 1977, originally under the name Latcade Limited, before changing to its current name. Companies House records its business activities under classifications including other engineering activities, technical testing and analysis, other sports activities, manufacture of other electrical equipment, manufacture of motor vehicles, and manufacture of parts and accessories for motor vehicles. Filings show it produces group accounts, indicating it forms part of a wider corporate group. The available evidence does not describe specific products, customers or commercial operations beyond these official classifications and filing records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk