FORCE INDIA FORMULA ONE TEAM LIMITED
Company Information
- Company Number
- 02417588
- Registered Address
- 2nd Floor 110 Cannon Street, London, Ec4n 6eu, EC4N 6EU
- Status
- Liquidation
- Employee Count
- 382
- Turnover
- £77,163,000
- EBITDA
- -£20,323,000
Additional Details
- Website
- https://forceindiaf1.com
- Company Type
- Private limited Company
- Incorporated On
- 29 August 1989
- Nature of Business
- 29100 - Manufacture of motor vehicles29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Road Travel
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 59 | 41% | 20% | 39% | 52% |
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
The business have three standard payment terms viz 30 days, 45 days and 60 days
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
60
Dispute Resolution Process
The supplier can contact Accounts Department of the company and report to any staff about their outstanding. This can then be reported to Chief Accountant who can address to redress supplier payments and or their greivances
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
FORCE INDIA FORMULA ONE TEAM LIMITED is a British motor racing team that competes in the Formula One World Championship. The team was founded in 2008 and is based in Silverstone, United Kingdom.
The team's main focus is on racing in the Formula One World Championship, where they have achieved numerous successes and podium finishes. They also have a strong sustainability program in place, which aims to reduce the team's environmental impact and promote sustainable practices in the racing industry.
FORCE INDIA FORMULA ONE TEAM LIMITED offers a range of products and services, including merchandise, team experiences, and partnerships with various brands. They also offer a unique hospitality experience for corporate clients and fans to enjoy the excitement of a Formula One race.
The key people behind the success of FORCE INDIA FORMULA ONE TEAM LIMITED include its co-owners, Vijay Mallya and Sahara India Pariwar, as well as its team principal, Otmar Szafnauer. The team also has a highly skilled and experienced group of engineers, mechanics, and drivers who work together to achieve their goals.
The registered office address for FORCE INDIA FORMULA ONE TEAM LIMITED is at Silverstone Circuit, Towcester, Northamptonshire, NN12 8TN, United Kingdom. Their website address is www.forceindiaf1.com, where fans can find more information about the team, their latest news, and updates on their performance in the Formula One World Championship.
In conclusion, FORCE INDIA FORMULA ONE TEAM LIMITED is a successful British motor racing team that not only excels in the sport but also strives to promote sustainability and offer exciting products and services to its fans and partners. With a strong team and a commitment to sustainability, the team continues to make its mark in the world of Formula One racing.
