CATERPILLAR FINANCIAL SERVICES (UK) LIMITED
Company Information
- Company Number
- 02538373
- Registered Address
- Friars Gate 1011 Stratford Road, Shirley, Solihull, West Midlands, England, B90 4BN
- Status
- Active
- Employee Count
- 74
- Turnover
- £92,786,000
- EBITDA
- £49,858,000
Additional Details
- Website
- https://cat.com
- Company Type
- Private limited Company
- Incorporated On
- 10 September 1990
- Nature of Business
- 64910 - Financial leasing
- Industries
- Financial Services
- Region
- West Midlands
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 | 21 | 84% | 10% | 6% | 1% |
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
Payment terms vary by contract and generally range from 7 days to 30 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
90
Dispute Resolution Process
Complaints or concerns would be raised by either the Accounts Payable team or the approving manager within the department with responsibility for the qualifying contract relationship, usually within one working day of receipt. If required, further information would be requested from the contractual counterparty to enable the complaint or concern to be investigated fully and resolved. Depending on the circumstances, the invoice would then be paid, or a credit note requested, or an amended invoice may be requested if the original was defective. Resolution of the complaint or concern may be dependent on responses from the contractual counterparty but would typically be within 7 to 14 days.
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.
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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
Company Summary
Caterpillar Financial Services (UK) Limited is a subsidiary of the global equipment manufacturing company, Caterpillar Inc. It provides financial solutions to customers in the United Kingdom, including financing and leasing options for Caterpillar equipment.
The company has a strong commitment to sustainability, with a focus on reducing emissions, conserving resources, and promoting environmentally-friendly practices. They have implemented a Sustainability Program, which includes goals such as reducing greenhouse gas emissions and promoting renewable energy sources.
Caterpillar Financial Services (UK) Limited offers a range of financial products and services, including loans and leases for the purchase of new and used Caterpillar equipment. They also provide insurance and warranty options for their customers.
The key people at Caterpillar Financial Services (UK) Limited include the Managing Director, Andy Cramb, and the Finance Director, David Lane. They have a team of experienced professionals who are dedicated to providing excellent financial solutions to their customers.
For more information, customers can visit the company's website at https://www.catfinancial.com/uk or contact them at their registered office address: 31-33 Grosvenor Street, London, W1K 4QR, United Kingdom. Overall, Caterpillar Financial Services (UK) Limited is a reputable company that offers sustainable financial solutions to support the growth of their customers' businesses.
