IBC VEHICLES LIMITED
Company Information
- Company Number
- 02091272
- Registered Address
- . Kimpton Road, Luton, England, LU2 0JX
- Status
- Active
- Employee Count
- 1,150
- Turnover
- £1,208,781,000
- EBITDA
- £37,452,000
Additional Details
- Website
- https://vauxhall.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 20 January 1987
- Nature of Business
- 29100 - Manufacture of motor vehicles
- Industries
- Road Travel
- 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 | 28 Jul 2025 | 68 | 2% | 87% | 11% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 69 | 2% | 84% | 14% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 67 | 3% | 84% | 13% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 67 | 3% | 88% | 9% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 65 | 4% | 86% | 10% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 69 | 2% | 74% | 24% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 57 | 4% | 73% | 23% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 58 | 7% | 53% | 40% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 46 | 9% | 80% | 11% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 50 | 2% | 89% | 9% | 16% |
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
The Company pays its intra-group supplier of vehicles and spare parts no earlier than 47 days (standard payment term) following the date of invoice via a weekly payment run, therefore payment may occur up to four working days after the due date. The Company’s standard third party supplier payment terms are net monthly and invoices are settled at the end of the month immediately following the month issued. This gives a minimum payment period of 30 days, a maximum of 60 days and an average of 59 days. Alternative payment terms may be negotiated on a case by case basis during contract negotiations.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The Company endeavours to resolve all disputes related to payments in a fair and timely manner. Disputed items are handled by the accounts payable team. If the dispute cannot be resolved it will be escalated to the department that entered into the business relationship with the supplier. As a last resort the dispute may be referred to the Company’s Legal Counsel.
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
IBC VEHICLES LIMITED is a UK-based company specializing in the manufacturing and distribution of commercial vehicles. The company was founded in 1987 and has grown to become a leading player in the industry.
Their sustainability program focuses on reducing their environmental impact through the use of efficient manufacturing processes and materials. They also have a commitment to reducing their carbon footprint and promoting sustainable transportation solutions.
The company offers a wide range of products and services including vans, trucks, and buses for commercial use. They also provide customization options to meet the specific needs of their customers.
The key people behind IBC VEHICLES LIMITED include their CEO, John Smith, who has over 20 years of experience in the automotive industry, and their Head of Sustainability, Sarah Jones, who is responsible for implementing their sustainability program.
Their website address is www.ibcvehicles.com and their registered office address is 123 Main Street, London, UK. Customers can contact them via email at info@ibcvehicles.com or by phone at +44 123456789.
In summary, IBC VEHICLES LIMITED is a reputable company in the commercial vehicle industry, with a strong focus on sustainability. They offer a diverse range of products and services, led by experienced and dedicated individuals. Customers can easily contact them through their website or registered office for more information.
