MCLAREN AUTOMOTIVE LIMITED
Company Information
- Company Number
- 01967717
- Registered Address
- Mclaren Technology Centre, Chertsey Road, Woking, Surrey, GU21 4YH
- Status
- Active
- Employee Count
- 2,334
- Turnover
- £558,875,000
- EBITDA
- -£97,809,000
Additional Details
- Website
- https://mclaren.com/
- Company Type
- Private limited Company
- Incorporated On
- 2 December 1985
- Nature of Business
- 29100 - Manufacture of motor vehicles45111 - Sale of new cars and light motor vehicles
- Industries
- Travel And Transportation
- 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 | 60 | 28% | 61% | 11% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 62 | 24% | 67% | 9% | 9% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Jan 2024 | 68 | 17% | 71% | 12% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 67 | 14% | 74% | 12% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 04 Aug 2022 | 74 | 14% | 72% | 14% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 65 | 10% | 54% | 36% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 91 | 3% | 21% | 77% | 73% |
| 01 Jul 2019 - 31 Dec 2019 | 12 Feb 2020 | 72 | 5% | 18% | 77% | 63% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 29% | 40% | 31% | 58% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 82 | 5% | 15% | 80% | 46% |
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 Automotive's standard terms are 'EOM +60 days.' During the supplier tender process, these standard terms are sometimes changed to facilitate contract negotiations; however, these are always done on an end-of-month basis to ensure invoices are picked up on the correct payment run. Any changes to agreed contracted terms are always discussed with the supplier before changing them.
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
Dispute Resolution Process
Invoices that go into query after confirmation from the buyer or material controller that they are incorrect are then sent to the supplier to resolve.
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.
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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.
❌
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 Automotive Limited is a British automotive company that specializes in the production of high-performance sports cars and luxury vehicles. The company was founded in 2010 and is headquartered in Woking, Surrey, England.
Sustainability is a key focus for McLaren Automotive, and the company has implemented several initiatives to reduce its environmental impact. This includes the use of sustainable materials in its vehicles, such as carbon fiber, which is lightweight and helps to improve fuel efficiency. The company also has a dedicated sustainability team that works towards reducing waste and carbon emissions in its operations.
McLaren Automotive offers a range of products and services, including high-performance sports cars, luxury vehicles, and customization options for customers. The company is known for its innovative designs and cutting-edge technology, making it a leader in the automotive industry.
Key people at McLaren Automotive include CEO Mike Flewitt, who has been with the company since its inception, and Chief Design Officer Rob Melville, who oversees the design of all McLaren vehicles. The company also has a talented team of engineers, designers, and technicians who work together to create world-class vehicles.
Contact information for McLaren Automotive Limited can be found on their website, including their registered office address and phone number. The company's website also provides information on its products, services, and sustainability efforts.
In summary, McLaren Automotive Limited is a prestigious British automotive company that is committed to sustainability and offers high-performance sports cars and luxury vehicles. With a team of talented individuals and a focus on innovation, McLaren continues to be a leader in the industry.
