TREK BICYCLE CORPORATION LIMITED
Company Information
- Company Number
- 02355933
- Registered Address
- 9 Sherbourne Drive, Tilbrook, Milton Keynes, MK7 8HX
- Status
- Active
- Employee Count
- 235.0
- Turnover
- 163215000.0
- EBITDA
- 10254000.0
Additional Details
- Website
- https://stanscycles.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 6 March 1989
- Nature of Business
- 47640 - Retail sale of sports goods, fishing gear, camping goods, boats and bicycles$47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 |
|---|---|---|---|---|---|---|
| 25 Jun 2023 - 30 Dec 2023 | 31 Jan 2024 | 36 | 57% | 30% | 13% | 82% |
| 01 Jan 2023 - 24 Jun 2023 | 06 Sept 2023 | 80 | 30% | 27% | 43% | 35% |
| 27 Jun 2022 - 31 Dec 2022 | 27 Jan 2023 | 51 | 47% | 35% | 19% | 32% |
| 02 Jan 2022 - 26 Jun 2022 | 04 Aug 2022 | 51 | 37% | 42% | 21% | 18% |
| 02 Jan 2022 - 26 Jun 2022 | 04 Aug 2022 | |||||
| 27 Jun 2021 - 01 Jan 2022 | 01 Feb 2022 | |||||
| 03 Jan 2021 - 26 Jun 2021 | 30 Jul 2021 | 63 | 16% | 16% | 68% | 22% |
| 28 Jun 2020 - 02 Jan 2021 | 30 Jan 2021 | 55 | 44% | 29% | 28% | 38% |
| 29 Dec 2019 - 27 Jun 2020 | 23 Jul 2020 | 60 | 29% | 34% | 37% | 55% |
| 23 Jun 2019 - 28 Dec 2019 | 24 Jan 2020 | 67 | 7% | 25% | 68% | 12% |
| 30 Dec 2018 - 22 Jun 2019 | 23 Dec 2019 | 77 | 14% | 13% | 73% | 46% |
| 24 Jun 2018 - 29 Dec 2018 | 23 Dec 2019 | 34 | 49% | 42% | 9% | 7% |
| 31 Dec 2017 - 23 Jun 2018 | 23 Dec 2019 | 58 | 13% | 33% | 54% | 6% |
Company Summary
TREK BICYCLE CORPORATION LIMITED is a leading global company in the bicycle industry, known for its high-quality products and commitment to sustainability
Based in Waterloo, Wisconsin, the company was founded in 1976 by Richard Burke and Bevil Hogg, and has since grown into a multinational corporation with operations in over 90 countries
The company offers a wide range of bicycles, including road, mountain, and electric bikes, as well as accessories and apparel
All of their products are designed and manufactured with sustainability in mind, using eco-friendly materials and production processes
They also have a take-back program for old bikes, which are then refurbished or recycled to reduce waste
TREK BICYCLE CORPORATION LIMITED has a strong sustainability program, with a goal to become carbon neutral by 2025
They have implemented various initiatives to reduce their carbon footprint, such as using renewable energy sources in their manufacturing facilities and offices, and partnering with organizations to promote sustainable transportation
The company's key people include John Burke, the current CEO and son of the founder, who has continued his father's legacy of promoting sustainability in the bicycle industry
They also have a team of experienced executives and designers, who are dedicated to creating innovative and sustainable products
For more information on TREK BICYCLE CORPORATION LIMITED and their products and services, visit their website at www.trekbikes.com
Their registered office address is at 801 W
Madison Street, Waterloo, WI 53594, United States
Company Review
Trend Analysis
The trend for TREK BICYCLE CORPORATION LIMITED shows a significant decrease in the average time taken to pay invoices from 2018 to 2023, with the lowest average time of 34 days in 2018-2019. However, there is a slight increase in the average time in 2023 compared to the previous period.
Volatility Analysis
The volatility of TREK BICYCLE CORPORATION LIMITED's invoice payment is high, with significant changes in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. There is also a high percentage of invoices not paid within agreed terms in some periods.
Summary Analysis
From 2017 to 2023, TREK BICYCLE CORPORATION LIMITED has shown a decrease in the average time taken to pay invoices, with the lowest average time of 34 days in 2018-2019. The company has also consistently paid a high percentage of invoices within 30 days, with the peak being 57% in 2023. However, there are periods where the percentage of invoices paid later than 60 days is high, with the worst being 82% in 2023. This could indicate potential issues with the company's cash flow or payment processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
TREK’S STANDARD PAYMENT TERMS ARE 60 DAYS (90 DAYS FOR INVENTORY)
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
150
Dispute Resolution Process
AP report is reviewed weekly and any invoices older than 60 days are actioned on suppliers basis. Invoices are reconciled based on the suppliers statements for key suppliers. Dedicated AP support is available. Remittance is provided up on payments and the contact details also there.
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
