IVECO LIMITED
Company Information
- Company Number
- 01975271
- Registered Address
- Cranes Farm Road, Basildon, Essex, SS14 3AD
- Status
- Active
- Employee Count
- 103
- Turnover
- £558,935,000
- EBITDA
- £13,057,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 January 1986
- Nature of Business
- 45310 - Wholesale trade of motor vehicle parts and accessories
- Industries
- Road Travel
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for IVECO LIMITED has decreased over the past three periods, from 35 days in the first period to 29 days in the most recent period. The percentage of invoices paid within 30 days has also increased, from 59% to 66%. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 13% to 12%. The most significant change is seen in the percentage of invoices paid later than 60 days, which has decreased from 27% to 22%.
Volatility Analysis
The volatility of IVECO LIMITED's payment behavior has decreased over the past three periods. The average time to pay has steadily decreased, and the percentage of invoices paid within 30 days has consistently increased. The percentage of invoices paid between 31 and 60 days has remained relatively stable, with only a small decrease. The most significant change is seen in the percentage of invoices paid later than 60 days, which has decreased by 5%.
Summary Analysis
In the past three periods, IVECO LIMITED has shown an overall improvement in their payment behavior. They have decreased their average time to pay and increased the percentage of invoices paid within 30 days. However, there is still room for improvement as a significant percentage of invoices are still being paid later than 60 days. The best period for IVECO LIMITED was in the second period (Jul-Dec 2018), where they paid 63% of their invoices within 30 days and only 24% of invoices were paid later than 60 days. The worst period for IVECO LIMITED was in the first period (Jan-Jun 2018), where only 59% of invoices were paid within 30 days and 27% were paid later than 60 days.
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 2018 - 30 Jun 2018 | 31 Jul 2018 | 35 | 59% | 14% | 27% | 44% |
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
Payment terms for Intercompany supplies are 30 days. For other purchases the standard terms are 30 days unless specifically agreed otherwise with suppliers
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Iveco Ltd strives where possible to pay suppliers on time in order to maintain a good working relationship with its supplier base.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Accounts payable is based in a shared service in Poland where suppliers can send e-mails to group E-mail address for queries. This is supplemented by a local (UK based) front office which can handle most locally oriented queries and disputes. Disputes are generally referred to the originator of the request for goods or services
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
IVECO LIMITED is a leading manufacturer of commercial vehicles, specializing in the production of trucks, buses, and vans. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The sustainability program of IVECO LIMITED focuses on reducing emissions, promoting alternative fuels, and improving the efficiency of its vehicles. This includes the development of hybrid and electric vehicles, as well as the use of biofuels and natural gas. The company also has a recycling program in place to reduce waste and promote circular economy practices.
IVECO LIMITED offers a wide range of products and services to meet the needs of its customers. Its trucks are designed for various applications, including long-haul transportation, construction, and urban distribution. The company also offers buses for public transport, as well as vans for commercial and industrial use. IVECO LIMITED also provides after-sales services, such as maintenance, spare parts, and training programs.
The key people at IVECO LIMITED include Thomas Hilse, the President of the company, and Pierre Lahutte, the Brand President. Both have extensive experience in the automotive industry and are committed to driving the company's growth and sustainability efforts.
For more information on IVECO LIMITED and its products and services, you can visit their website at www.iveco.com. The registered office address of the company is CNH Industrial Village, Via Plava 80, 10135 Turin, Italy.
