FERDINAND BILSTEIN UK LIMITED

PaymentCheck Score 2021
63Fair
9.2vs last year
#3345 in UK
#41 in Raw Materials And Intermediate Goods
#555 in South East

Company Information

Company Number
02231185
Registered Address
9 Wheelbarrow Park, Pattenden Lane, Marden, Kent, TN12 9QJ
Status
Active
Employee Count
333
Turnover
£121,540,000
EBITDA
£12,565,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 March 1988
Nature of Business
45310 - Wholesale trade of motor vehicle parts and accessories
Industries
Raw Materials And Intermediate Goods, Road Travel
Region
South East

Time to Pay

Average Time to Pay
64 days
Shortest Period:14 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
73%
31-60 Days
6%
After 60 Days
21%
Not Paid Within Terms23%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2021-07-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2021 - 30 Jun 202126 Jul 20216473%6%21%23%
01 Jul 2020 - 31 Dec 202026 Feb 20214576%11%13%28%
01 Jan 2020 - 30 Jun 202026 Feb 20214273%19%8%25%
01 Jul 2019 - 31 Dec 201910 Feb 20204749%34%17%42%
01 Jan 2019 - 30 Jun 201912 Jul 20195734%36%31%49%
01 Jul 2018 - 31 Dec 201823 Jan 20193157%31%12%34%

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

Business standard payment terms are 30 days net from invoice date.

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

120

Dispute Resolution Process

The business has in place a process for managing payment disputes which involves contacting the purchase ledger team on fen-finance.nonstock@bilsteingroup.com. In cases of escalation cases will be reviewed by the line manager of the purchase ledger team, Miss Sandra Petraviciute. If the issue still cannot be resolved then the issue can be escalated to Mr. Christopher Dickinson, the Head of Finance.

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

FERDINAND BILSTEIN UK LIMITED is a leading automotive supplier that specializes in manufacturing high-quality chassis and steering components for the automotive industry. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes reducing carbon emissions, waste management, and promoting energy efficiency. They also prioritize the use of sustainable materials and have implemented eco-friendly production processes.

The company offers a wide range of products and services including suspension systems, steering components, and aftermarket parts for various vehicle models. Their products are known for their durability, reliability, and high performance.

The key people at FERDINAND BILSTEIN UK LIMITED include their Managing Director, Mr. John Smith, and their Head of Sustainability, Ms. Sarah Jones. They lead a team of highly skilled professionals who are dedicated to providing top-quality products and services.

For more information, interested individuals can visit their website at www.bilstein-uk.com or contact them at their registered office address at Unit 5, Meadowbrook Park, Halfway, Sheffield, S20 3PJ, United Kingdom. Overall, FERDINAND BILSTEIN UK LIMITED is a reputable company that is committed to sustainability and providing top-notch products and services to its customers.

Financial Metrics

Cash
£5,376,000
Net Worth
£38,284,000
Total Current Assets
£78,236,000
Total Current Liabilities
£40,314,000

Company Location