| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 61 | 10% | 52% | 38% | 38% |
| 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 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 62 | 15% | 57% | 29% | 37% |
| 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 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 65 | 12% | 53% | 35% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 65 | 9% | 46% | 45% | 85% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Jan 2020 | 56 | 7% | 61% | 32% | 74% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 55 | 5% | 64% | 31% | 76% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 54 | 5% | 65% | 30% | 83% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 4% | 65% | 31% | 84% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
McLaren Racing Limited, registered at the McLaren Technology Centre in Woking, Surrey, was incorporated in 1980 as McLaren International Limited before being renamed McLaren Racing Limited in December 2003. Companies House records classify its business activity as other sports activities. The company is part of the McLaren corporate group, with McLaren Group Limited recorded as a person with significant control. It files group company accounts alongside its own statutory filings. No further detail on day-to-day trading operations is included in the supplied evidence beyond this registered classification and group structure.
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