Industry ranking
Score of 80.17/100 qualifies for PaymentCheck Certification
| 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 Jan 2024 - 30 Jun 2024 | 07 Aug 2024 | 25 | 79% | 16% | 5% | 17% |
| 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 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 17 | 89% | 7% | 4% | 14% |
| 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 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 25 | 73% | 20% | 7% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 27 | 72% | 21% | 7% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Jan 2020 | 19 | 85% | 12% | 4% | 20% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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.
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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.
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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.
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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
Mercedes-Benz Financial Services UK Limited is registered in England, with a Companies House classification of financial intermediation not elsewhere classified. It has previously traded as Mercedes-Benz Finance Limited and under various DaimlerChrysler names, reflecting its long history within the Mercedes-Benz corporate group. Filing records show it as part of a group that files consolidated group accounts, and its person with significant control is recorded as Mercedes-Benz AG, indicating it operates as a UK financing entity within the wider Mercedes-Benz group rather than as an independent trading business. Its registered office is in Milton Keynes. Charges registered against the company point to ongoing secured financing activity consistent with a vehicle finance and lending function within the group.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk