PERKINS ENGINES COMPANY LIMITED
Company Information
- Company Number
- 02089227
- Registered Address
- Eastfield, Frank Perkins Way, Peterborough, PE1 5FQ
- Status
- Active
- Employee Count
- 2,917
- Turnover
- £1,271,423,000
- EBITDA
- £32,262,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 January 1987
- Nature of Business
- 28110 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
- Industries
- Manufacturing
- Region
- East of England
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 | 23 Oct 2025 | 76 | 2% | 34% | 64% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 21 May 2024 | 73 | 1% | 21% | 78% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 21 May 2024 | 83 | 1% | 13% | 86% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 21 May 2024 | 69 | 2% | 18% | 80% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 21 May 2024 | 80 | 2% | 12% | 86% | 6% |
| 01 Jul 2020 - 31 Dec 2020 | 21 May 2024 | 69 | 2% | 21% | 77% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 21 May 2024 | 68 | 2% | 18% | 80% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 21 May 2024 | 67 | 1% | 19% | 80% | 6% |
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
Perkins Engines Company Ltd standard payment terms are: “payment will be made by Perkins Engines Company Ltd on the next working day after the first payment day following agreed payment term from the date of a detailed and accurate invoice. Payment days are the 5th, 15th, and 25th of each calendar month.” We have agreed with suppliers on a range of payment terms from immediate (invoices paid on the next available payment run), to Net Thirty days, Monthly or Net Sixty days. The majority of suppliers are on 60 days from date of invoice, with a signed agreement in place to reflect this.
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
70
Dispute Resolution Process
Any invoices that are not paid within Perkins Engines Company Ltd's standard terms have either been received late or are in dispute. Overdue invoices should be queried with the Accounts Payable team in Bangalore using ServiceNow (Finance@Work) to raise a ticket or the supplier can speak to their Caterpillar buyer. Accounts Payable will work with Purchasing to resolve price variances, Material Planning to resolve Receiving/Goods In Receipt grief, or the budget holder to resolve issues with the goods received or service performed. Invoices for Perkins Engines Co Ltd should be sent to Caterpillar Finance Shared Services, 1 Millennium Way, Springfield Road, Belfast, Northern Ireland. BT12 7AL, emailed in PDF format to FSSCAP.Invoicing_Perkins@cat.com or submitted in electronic format as agreed between Perkins Engines and the supplier.
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.
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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
Company Summary
PERKINS ENGINES COMPANY LIMITED is a British multinational company that specializes in the manufacturing of diesel and gas engines for various industries such as agriculture, construction, power generation, and material handling. The company was founded in 1932 and is headquartered in Peterborough, United Kingdom.
The company's sustainability program focuses on reducing its environmental impact through the development of more efficient and cleaner engines. This includes investing in research and development to improve fuel efficiency, reduce emissions, and promote the use of alternative fuels. Perkins also works closely with its suppliers to ensure sustainable sourcing of materials.
Some of the key products and services offered by Perkins include diesel and gas engines, power systems, and aftermarket parts and services. The company is known for its high-quality, reliable engines that are used in a wide range of applications, from small generators to heavy-duty construction equipment.
The key people at Perkins Engines Company Limited include Ramin Younessi, the President of the company, and Steve Ferguson, the Vice President of Global Sales, Marketing, and Aftermarket. Both have extensive experience in the industry and are committed to driving the company's growth and sustainability initiatives.
For more information on Perkins Engines Company Limited and its products and services, you can visit their website at www.perkins.com. The company's registered office address is Eastfield, Peterborough, PE1 5FQ, United Kingdom.
