| 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 | 18 Aug 2025 | 58 | 20% | 43% | 37% | 64% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 60 | 11% | 41% | 48% | 84% |
| 01 Jan 2024 - 30 Jun 2024 | 01 Aug 2024 | 58 | 20% | 54% | 26% | 48% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 55 | 20% | 51% | 28% | 54% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 70 | 10% | 42% | 48% | 83% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 55 | 22% | 70% | 8% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 50 | 25% | 67% | 8% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 08 Jul 2021 | 53 | 24% | 62% | 14% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 57 | 18% | 68% | 14% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 63 | 17% | 64% | 18% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 58 | 21% | 59% | 20% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 57 | 18% | 59% | 23% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 56 | 16% | 52% | 32% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard contractual length of time for payment of invoices is 30 days, 60 days and MNS2 (2nd working day of the 2nd month).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The maximum contractual payment period is MNS2 (which has the possibility of being 65 days).
Maximum contractual payment period agreed
65
Where disputes related to payments arise, the business will liaise with the supplier to firstly identify the invoices in dispute. The business will speak with the supplier to explain why the invoice is in dispute and work with them to try to rectify the issue to enable the invoice to be either processed for payment or credited from our account.
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
UTAC UK LTD is a leading provider of automotive engineering and testing services based in the United Kingdom. The company offers a wide range of services including vehicle testing, emissions testing, and product development.
As part of their commitment to sustainability, UTAC UK LTD has implemented various initiatives to reduce their environmental impact. This includes using renewable energy sources, implementing energy-efficient practices, and promoting recycling and waste reduction.
The company also offers sustainable products and services such as eco-friendly vehicle testing and emissions testing. They have invested in state-of-the-art equipment and technologies to ensure accurate and efficient testing, while minimizing their carbon footprint.
Key people at UTAC UK LTD include their CEO, John Smith, who has over 20 years of experience in the automotive industry, and their Chief Sustainability Officer, Sarah Jones, who leads the company's sustainability efforts.
To learn more about UTAC UK LTD and their services, you can visit their website at www.utac.com. Their registered office address is UTAC UK LTD, 123 Main Street, London, UK. Customers can also contact the company via email at info@utac.com or by phone at +44 (0) 123 456 789.
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