MERCEDES-BENZ FINANCIAL SERVICES UK LIMITED
Company Information
- Company Number
- 02472364
- Registered Address
- Delaware Drive, Tongwell, Milton Keynes, Buckinghamshire, MK15 8BA
- Status
- Active
- Employee Count
- 465
- Turnover
- £932,036,000
- EBITDA
- £580,343,000
Additional Details
- Website
- https://mercedesbenz.com
- Company Type
- Private limited Company
- Incorporated On
- 21 February 1990
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 06 Jan 2025 | 28 | 72% | 20% | 8% | 22% |
| 01 Jul 2023 - 31 Dec 2023 | 06 Mar 2024 | 18 | 85% | 13% | 2% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 18 | 92% | 5% | 2% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 12 | 93% | 5% | 2% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 24 | 78% | 12% | 8% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 24 | 83% | 11% | 6% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 14 | 88% | 8% | 5% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 14 | 90% | 8% | 2% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 17 | 87% | 9% | 4% | 19% |
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
End of month following invoice
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
When an invoice is disputed, it is the responsibility of the business area concerned to contact the supplier and advise the invoice number and reason for rejection. Mercedes-Benz Financial Services are striving to employ a strictly no purchase order no pay policy. The purchase order number is communicated to the supplier by the business area at the time of placing the order.
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
MERCEDES-BENZ FINANCIAL SERVICES UK LIMITED is a subsidiary of Daimler AG, one of the world's leading automotive companies. The company offers a range of financial services, including leasing, financing, and insurance solutions, to customers in the United Kingdom.
As part of its sustainability efforts, the company has implemented various initiatives to promote environmental, social, and economic responsibility. These include reducing carbon emissions, promoting diversity and inclusion, and supporting local communities through various charitable activities.
The company's products and services are designed to cater to the specific needs of Mercedes-Benz customers. This includes flexible financing options, such as leasing and personal contract purchases, to make owning a Mercedes-Benz more affordable. They also offer insurance solutions to protect customers' vehicles and provide added peace of mind.
The key people at MERCEDES-BENZ FINANCIAL SERVICES UK LIMITED include Richard Jones, the Managing Director, and Christian Treiber, the Chief Financial Officer. They lead a team of experienced professionals who are dedicated to providing the best financial solutions to customers.
For more information, customers can visit the company's website at www.mbfs.com/uk or contact them at their registered office address: Delaware Drive, Tongwell, Milton Keynes, MK15 8BA, United Kingdom.
