PIRELLI UK TYRES LIMITED

PaymentCheck Score 2023
44Poor
10.1vs last year
#4508 in UK
#58 in Travel And Transportation
#295 in West Midlands

Company Information

Company Number
02622111
Registered Address
Derby Road, Burton-On-Trent, Staffordshire, DE13 0BH
Status
Active
Employee Count
1,182
Turnover
£480,783,000
EBITDA
£35,248,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 June 1991
Nature of Business
22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
Industries
Travel And Transportation
Region
West Midlands

Time to Pay

Average Time to Pay
71 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
11%
31-60 Days
45%
After 60 Days
44%
Not Paid Within Terms30%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-10-20
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2023 - 31 Jul 202314 Aug 20234112%50%39%31%
01 Jan 2022 - 30 Jun 202215 Aug 20226812%44%44%25%
01 Jul 2021 - 31 Dec 202115 Feb 20226111%54%35%31%
01 Jan 2021 - 30 Jun 202128 Jul 2021698%47%45%20%
01 Jul 2020 - 31 Dec 202017 Feb 20217215%50%35%27%
01 Jul 2019 - 31 Dec 201929 Jan 2020668%48%44%41%
01 Jan 2019 - 30 Jun 201929 Jul 20196810%46%44%25%
01 Jan 2018 - 30 Jun 201830 Jul 2018685%51%44%21%

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

Terms are negotiated on a vendor by vendor basis . However circumstances or events may arise that require use of alternative terms to those agreed in the standard contract.

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

120

Dispute Resolution Process

For Pirelli standard contracts we will attempt to resolve any dispute, in the first instance with negotiations between the authorised representatives of each of the parties. This process will also apply where there are alternative arrangements in place. The authorised representative will be the supplier's main contact with Pirelli for the relative arrangements.

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

PIRELLI UK TYRES LIMITED is a multinational company that specializes in the production of high-performance tires for various types of vehicles. Founded in Milan, Italy in 1872, PIRELLI has established itself as a trusted brand in the global tire industry.

The UK division of PIRELLI was established in 1914 and is headquartered in Burton-on-Trent, Staffordshire. The company's main activities include the manufacturing, distribution, and sale of tires for cars, motorcycles, and commercial vehicles. PIRELLI UK TYRES LIMITED also offers a range of services such as tire fitting, maintenance, and repair.

In recent years, PIRELLI UK TYRES LIMITED has placed a strong emphasis on sustainability, and has implemented various initiatives to reduce its environmental impact. The company has committed to reducing its carbon footprint by using renewable energy sources and implementing energy-efficient practices in its manufacturing processes.

PIRELLI UK TYRES LIMITED also offers a range of sustainable products, such as its "Cinturato" line of tires, which are made from eco-friendly materials and designed to reduce fuel consumption and CO2 emissions.

The key people at PIRELLI UK TYRES LIMITED include the managing director, Mr. Dominic Sandivasci, and the sustainability director, Ms. Giulia Di Blasio. The company's registered office address is located at Derby Road, Burton-on-Trent, Staffordshire, DE13 0BH.

For more information on PIRELLI UK TYRES LIMITED, their products, and services, you can visit their website at www.pirelli.com/uk or contact them at +44 (0) 1283 525 252. The company also has a strong presence on social media platforms, such as Facebook, Twitter, and LinkedIn, where customers can stay updated on their latest products and initiatives.

Financial Metrics

Cash
£3,586,000
Net Worth
£183,348,000
Total Current Assets
£252,448,000
Total Current Liabilities
£151,917,000

Company Location