ZF LEMFORDER UK LIMITED
Company Information
- Company Number
- 02370396
- Registered Address
- 35 Heath Road, Darlaston, Wednesbury, West Midlands, United Kingdom, WS10 8LZ
- Status
- Active
- Employee Count
- 222.0
- Turnover
- 135134000.0
- EBITDA
- -4998000.0
Additional Details
- Website
- https://zf.com
- Company Type
- Private limited Company
- Incorporated On
- 10 April 1989
- Nature of Business
- 25620 - Machining
- Industries
- 0
- Region
- West Midlands
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 55 | 10% | 48% | 42% | 47% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 52 | 18% | 42% | 40% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 52 | 16% | 48% | 36% | 45% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 52 | 15% | 48% | 37% | 43% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 53 | 16% | 42% | 42% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 52 | 16% | 41% | 42% | 45% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 50 | 19% | 47% | 34% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 52 | 17% | 53% | 30% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 50 | 17% | 62% | 21% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 51 | 16% | 60% | 24% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 49 | 22% | 58% | 20% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 48 | 22% | 59% | 19% | 25% |
Company Summary
ZF LEMFORDER UK LIMITED is a leading automotive supplier that specializes in developing and producing high-quality chassis and steering systems for cars, commercial vehicles, and off-highway equipment
The company is a subsidiary of ZF Friedrichshafen AG, a global technology company that provides systems for passenger cars, commercial vehicles, and industrial technology
The company's sustainability program focuses on reducing emissions, conserving resources, and promoting sustainable practices throughout its operations
This includes using renewable energy sources, improving energy efficiency, and implementing waste management strategies
ZF LEMFORDER UK LIMITED offers a wide range of products and services, including steering systems, suspension components, and chassis modules
These products are designed to improve vehicle handling, comfort, and safety
The key people at ZF LEMFORDER UK LIMITED include the managing director, Mr
David Cresswell, who has over 30 years of experience in the automotive industry, and the head of sustainability, Ms
Jennifer Jones, who is responsible for driving the company's sustainability initiatives
The company's registered office address is located at Lichfield Road, Branston, Burton-on-Trent, Staffordshire, DE14 3EX, United Kingdom
Their website address is www.zf.com/uk, where customers can find more information about their products, services, and sustainability efforts
In summary, ZF LEMFORDER UK LIMITED is a reputable automotive supplier that prioritizes sustainability in its operations
With a wide range of products and services and a strong focus on environmental responsibility, the company continues to play a significant role in shaping the future of the automotive industry
Company Review
Trend Analysis
According to the data, the average time for ZF LEMFORDER UK LIMITED to pay invoices has fluctuated between 48 and 55 days over the past three periods. There is no clear trend in the data as the average time has gone up and down. However, there is a slight increase in the average time in the last three periods, going from 50 days in 2021 to 55 days in 2023.
Volatility Analysis
The volatility in the data can be seen in the fluctuation of the percentages for invoices paid within 30 days, between 31 and 60 days, and later than 60 days. For example, in 2022, the percentage of invoices paid within 30 days dropped to 15%, while in the previous period it was at 18%. This shows that there is some inconsistency in the company's payment patterns.
Summary Analysis
Looking at the data over the past three periods, there has been a slight increase in the average time for ZF LEMFORDER UK LIMITED to pay invoices, going from 48 days in 2018 to 55 days in 2023. This increase can also be seen in the percentage of invoices paid later than 60 days, which has gone up from 19% in 2018 to 42% in 2023. However, the company has also shown improvement in paying invoices within 30 days, with the percentage increasing from 22% in 2018 to 18% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms 30 days/30 days EOM agreed 7, 14, 60, 90 0 days in exceptional circumstances incl. Monthly Payroll
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
90
Dispute Resolution Process
Invoice and Payments issues managed by AP team
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
