| 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 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 60 | 7% | 31% | 62% | 52% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 63 | 4% | 33% | 63% | 68% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 62 | 4% | 34% | 62% | 52% |
| 01 Oct 2021 - 31 Mar 2022 | 04 Aug 2022 | 64 | 4% | 32% | 64% | 59% |
| 01 Apr 2021 - 30 Sept 2021 | 03 Aug 2022 | 61 | 6% | 34% | 60% | 38% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 63 | 5% | 33% | 62% | 39% |
| 01 Apr 2020 - 30 Sept 2020 | 31 Oct 2020 | 64 | 3% | 30% | 67% | 57% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 65 | 4% | 28% | 68% | 62% |
| 01 Apr 2019 - 30 Sept 2019 | 03 Jan 2020 | 62 | 4% | 31% | 65% | 50% |
| 01 Oct 2018 - 31 Mar 2019 | 03 Jan 2020 | 61 | 6% | 36% | 58% | 42% |
| 01 Apr 2018 - 30 Sept 2018 | 03 Jan 2020 | 62 | 4% | 33% | 63% | 43% |
| 01 Oct 2017 - 31 Mar 2018 | 03 Jan 2020 | 61 | 5% | 38% | 57% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For the majority of our suppliers our standard payment terms are 60 days E.O.M.
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
90
Any supplier invoice disputes are referred to our purchasing department for resolution with the supplier. A request for a credit note will be made to the supplier if appropriate.
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.
❌
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
Xtrac Limited, based in Thatcham, Berkshire, designs, manufactures and assembles transmission systems for top level motorsport and high performance automotive applications. The company carries out all design, machining, assembly and testing in-house. It is the UK headquarters of a wider group that also includes Xtrac Inc, operating in North Carolina and Indiana in the USA, and the Zoerkler subsidiary in Austria, which specialises in aerospace gearing. Xtrac's transmissions are used by leading motorsport teams and factory entrants, and the company has worked on hybrid and electric vehicle transmission projects for motorsport and automotive platforms. Established in 1984, it remains privately owned and focused on engineering and manufacturing transmission technology.
Generated from the company's website and Companies House records. Sources: xtrac.com · xtrac.com