The average time taken for GS YUASA BATTERY SALES UK LIMITED to pay invoices has decreased by 24% from the first period of 2018 to the second period of 2018. There is no data available for the third period of 2018. The trend in the first two periods of 2018 shows a decrease in the percentage of invoices paid within agreed terms and an increase in the percentage of invoices not paid within agreed terms, suggesting a possible trend of delayed payments.
There is a high volatility in the percentage of invoices paid within 30 days, with a 38% decrease in the second period of 2018 compared to the first period. There is also volatility in the percentage of invoices paid between 31 and 60 days, with a 38% increase in the second period of 2018 compared to the first period. The percentage of invoices paid later than 60 days shows a decrease of 24% in the second period of 2018 compared to the first period.
The average time taken for GS YUASA BATTERY SALES UK LIMITED to pay invoices in the first period of 2018 was 42 days. The percentage of invoices paid within 30 days was 38%, with 38% of invoices paid between 31 and 60 days and 24% of invoices paid later than 60 days. Additionally, 46% of invoices were not paid within agreed terms. There is no data available for the third period of 2018. Further analysis is needed to determine the company's payment performance in the second period of 2018 and the first period of 2019.
| 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 2018 - 31 Mar 2019 | 29 Jul 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 42 | 38% | 38% | 24% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from invoice date
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
Disputed invoices are raised with Account payable department who query the invoice with the supplier. If this does not resolve the issue it is passed to the department that raised the Purchase order to query with their direct contact at the supplier. If this fails it gets escalated to senior management
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
GS Yuasa Battery Sales UK Limited, trading as GS, supplies batteries for cars, motorcycles, commercial vehicles, caravans, motorhomes and leisure, marine and garden applications across the UK. It operates a trade battery lookup service for distributors and workshops, providing fitment guidance and part number searches. The company sits within the wider GS Yuasa group, described as a world leading manufacturer of lead acid and lithium ion batteries, with its role being sales and distribution of these products to OEMs and the aftermarket rather than manufacturing itself. Its registered office is in Swindon. Companies House records list its nature of business as wholesale trade of motor vehicle parts and accessories.
Generated from the company's website and Companies House records. Sources: gs-battery.com