MARELLI AUTOMOTIVE SYSTEMS UK LIMITED
Company Information
- Company Number
- 02147831
- Registered Address
- Llethri Road, Llanelli, Dyfed, SA14 8HU
- Status
- Active
- Employee Count
- 1,115
- Turnover
- £395,073,000
- EBITDA
- -£28,086,000
Additional Details
- Website
- https://ckeurope.com
- Company Type
- Private limited Company
- Incorporated On
- 16 July 1987
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Travel And Transportation
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken by MARELLI AUTOMOTIVE SYSTEMS UK LIMITED to pay invoices has decreased from 54 days in Apr 2018-Sep 2018 to 49 days in Oct 2019-Mar 2020. However, there was a slight increase in the average time taken in the second period (Oct 2018-Mar 2019) before it decreased again in the third period (Apr 2019-Sep 2019). The percentage of invoices paid within 30 days has also increased from 2% to 4%, while the percentage of invoices paid between 31 and 60 days has slightly decreased. The percentage of invoices paid later than 60 days has remained relatively consistent throughout the three periods.
Volatility Analysis
The average time taken to pay invoices has shown a slight volatility, with a decrease in the second period followed by a decrease in the third period. The percentage of invoices paid within 30 days has also shown some volatility, with a slight increase in the second period before increasing again in the third period. The percentage of invoices paid between 31 and 60 days has remained relatively consistent, while the percentage of invoices paid later than 60 days has shown some volatility, with a decrease in the second period followed by an increase in the third period.
Summary Analysis
In the three periods analysed, MARELLI AUTOMOTIVE SYSTEMS UK LIMITED has shown a decreasing trend in the average time taken to pay invoices, with a slight increase in the second period before decreasing again in the third period. There has also been an increase in the percentage of invoices paid within 30 days, with a slight decrease in the percentage of invoices paid between 31 and 60 days. However, the percentage of invoices paid later than 60 days has remained relatively consistent. The company has a standard payment period of 30 days, and the percentage of invoices not paid within agreed terms has shown some volatility, with an increase in the third period.
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 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 49 | 4% | 78% | 18% | 27% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 52 | 2% | 84% | 14% | 19% |
| 01 Oct 2018 - 31 Mar 2019 | 23 Apr 2019 | 51 | 2% | 84% | 14% | 15% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 54 | 2% | 81% | 17% | 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
Month Free 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
61
Dispute Resolution Process
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the AP function will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Disputes are generally resolved with the department who has placed the order. If the matter cannot be resolved with the department, it will be escalated to senior management for resolution. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next payment run.
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.
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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.
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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
Marelli Automotive Systems UK Limited is a leading provider of automotive solutions, with a strong focus on sustainability. The company offers a wide range of products and services, including powertrain systems, lighting systems, and electronic control units.
One of the key activities of Marelli Automotive Systems UK Limited is their commitment to sustainability. The company has implemented various initiatives to reduce its environmental impact, such as using energy-efficient manufacturing processes and developing eco-friendly products. They also have a strong emphasis on recycling and waste reduction throughout their operations.
The key people at Marelli Automotive Systems UK Limited include their CEO, Mr. Kenichiro Ito, and their Chief Sustainability Officer, Ms. Silvia Vernetti. Both are highly experienced professionals in the automotive industry, who are dedicated to driving the company's sustainability efforts.
To further support their sustainability goals, Marelli Automotive Systems UK Limited has launched a sustainability program called "EcoVision". This program focuses on three main areas: eco-design, eco-production, and eco-innovation. It aims to minimize the environmental impact of their products and operations, while also promoting sustainable practices within the company and its supply chain.
For more information on Marelli Automotive Systems UK Limited and their sustainability program, individuals can visit their website at www.marelli.com. The company's registered office is located at 1-2 Horwood Court, Bletchley, Milton Keynes, Buckinghamshire, England, MK1 1RD.
