MCLAREN RACING LIMITED
Company Information
- Company Number
- 01517478
- Registered Address
- Mclaren Technology Centre, Chertsey Road, Woking, Surrey, GU21 4YH
- Status
- Active
- Employee Count
- 1,283
- Turnover
- £530,314,000
- EBITDA
- £79,801,000
Additional Details
- Website
- https://hpracing.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 September 1980
- Nature of Business
- 93199 - Other sports activities
- Industries
- Road Travel
- 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 | 31 Jul 2025 | 57 | 16% | 54% | 30% | 46% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 65 | 13% | 51% | 36% | 38% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 62 | 12% | 55% | 33% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 84 | 11% | 55% | 34% | 48% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 63 | 12% | 50% | 37% | 45% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 60 | 12% | 59% | 30% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 55 | 15% | 56% | 29% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 65 | 9% | 46% | 45% | 85% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 55 | 5% | 64% | 31% | 76% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 4% | 65% | 31% | 84% |
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
McLaren standard payment terms are End of month +60 days, this can therefore range between 60 and 92 days depending on the date of the invoice. These standard terms are occasionally changed to facilitate contract re-negotiations, with alternative terms agreed on an individual basis.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
A payment run is made for the last working day of each month; all suppliers on our End of month + 60 days terms will receive payment for their cleared invoices then. Interim payment runs occur mid-month, to cover any companies with different payment terms and to clear up outstanding invoices.
Maximum contractual payment period agreed
92
Dispute Resolution Process
Suppliers can contact the Accounts Payable (AP) department via email or phone in regards to unpaid invoices. Suppliers are informed if goods are rejected and a credit note is required, the invoice will be put on hold until the credit note is supplied. The AP or Purchasing department will contact the Supplier on any disputed invoices.
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
MCLAREN RACING LIMITED is a British Formula One racing team and manufacturer of high-performance sports cars. Founded in 1963 by Bruce McLaren, the company has a rich history in motorsports and has achieved numerous successes on the track.
The company's sustainability program focuses on reducing its carbon footprint and promoting environmental responsibility. They have implemented various initiatives such as reducing waste, using renewable energy sources, and implementing efficient transportation systems. In 2019, McLaren Racing became the first Formula One team to achieve carbon neutral certification.
MCLAREN RACING LIMITED's main products and services include designing and building Formula One cars, as well as manufacturing luxury sports cars for the road. The company also offers engineering and design services to other racing teams and automotive companies.
The key people of MCLAREN RACING LIMITED include Zak Brown, the CEO, and Andreas Seidl, the team principal. Both have extensive experience in the motorsports industry and have played crucial roles in the success of the company.
The company's website, www.mclaren.com, provides information on their latest news, products, and services. Their registered office address is McLaren Technology Centre, Chertsey Road, Woking, Surrey, GU21 4YH, United Kingdom.
In summary, MCLAREN RACING LIMITED is a highly successful British company in the world of motorsports and luxury sports cars. With a strong focus on sustainability and a team of experienced leaders, the company continues to push the boundaries of performance and innovation in the industry.
