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

Company Type
Private limited Company
Incorporated On
10 April 1989
Nature of Business
25620 - Machining
Industries
0
Region
West Midlands

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£0.00
Net Worth
£38,953,000.00
Total Current Assets
£62,798,000.00
Total Current Liabilities
£37,897,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
55 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
10%
31-60 Days
48%
After 60 Days
42%
Not Paid Within Terms47%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018015304560

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018020406080

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20245510%48%42%47%
01 Jan 2023 - 30 Jun 202319 Jul 20235218%42%40%45%
01 Jul 2022 - 31 Dec 202231 Jan 20235216%48%36%45%
01 Jan 2022 - 30 Jun 202227 Jul 20225215%48%37%43%
01 Jul 2021 - 31 Dec 202126 Jan 20225316%42%42%48%
01 Jan 2021 - 30 Jun 202129 Jul 20215216%41%42%45%
01 Jul 2020 - 31 Dec 202029 Jan 20215019%47%34%41%
01 Jan 2020 - 30 Jun 202029 Jul 20205217%53%30%33%
01 Jul 2019 - 31 Dec 201931 Jan 20205017%62%21%24%
01 Jan 2019 - 30 Jun 201930 Jul 20195116%60%24%27%
01 Jul 2018 - 31 Dec 201830 Jan 20194922%58%20%25%
01 Jul 2018 - 31 Dec 201830 Jan 2019
01 Jan 2018 - 30 Jun 201830 Jul 20184822%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

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