RED BULL RACING LIMITED
Company Information
- Company Number
- 03120645
- Registered Address
- Building 2, Bradbourne Drive Tilbrook, Milton Keynes, MK7 8AT
- Status
- Active
- Employee Count
- 50.0
- Turnover
- 278026000.0
- EBITDA
- 3384000.0
Additional Details
- Website
- https://redbullracing.com
- Company Type
- Private limited Company
- Incorporated On
- 1 November 1995
- Nature of Business
- 93199 - Other sports activities
- Industries
- 0
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 30 | 61% | 36% | 3% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 38 | 68% | 21% | 10% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 41 | 53% | 30% | 17% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 40 | 55% | 31% | 14% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 31 | 69% | 25% | 6% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 27 | 81% | 15% | 4% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 36 | 53% | 40% | 7% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 50 | 42% | 41% | 17% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 37 | 41% | 51% | 8% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 37 | 42% | 50% | 8% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 43 | 35% | 58% | 7% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 41 | 43% | 45% | 11% | 34% |
Company Summary
RED BULL RACING LIMITED is a British Formula One racing team and constructor, based in Milton Keynes, England
The team was founded in 2004 and is owned by the Austrian beverage company Red Bull GmbH
The team's main activity is competing in the Formula One World Championship, where they have won four consecutive Constructors' and Drivers' Championships from 2010 to 2013
They have also won multiple races and podium finishes since their debut in 2005
In terms of sustainability, RED BULL RACING LIMITED has a dedicated program to reduce their environmental impact and promote sustainable practices
They have implemented energy-saving measures in their factory and racing facilities, as well as promoting recycling and encouraging sustainable transportation methods
The team's main product is their Formula One racing cars, which are designed and built in-house
They also sell merchandise and sponsor other events and athletes, including extreme sports and esports
Some of the key people in RED BULL RACING LIMITED include team principal Christian Horner, chief technical officer Adrian Newey, and drivers Max Verstappen and Sergio Perez
The registered office address for RED BULL RACING LIMITED is Bradbourne Drive, Tilbrook, Milton Keynes, MK7 8BJ, United Kingdom
Their website is www.redbullracing.com
Company Review
Trend Analysis
The average time taken for RED BULL RACING LIMITED to pay invoices has fluctuated over the past three periods, but has generally decreased since 2021.
Volatility Analysis
The volatility in the time taken for RED BULL RACING LIMITED to pay invoices has decreased since 2021, with smaller fluctuations in the average time to pay and a consistent standard payment period of 14 days.
Summary Analysis
From 2018 to 2020, RED BULL RACING LIMITED saw a slight increase in the average time taken to pay invoices, with the highest average time of 50 days in the first half of 2020. However, from 2021 onwards, there has been a significant improvement in the average time to pay, with the lowest average time of 27 days in the first half of 2021.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
For any payment disputes suppliers can either contact the Accounts Payable team by email accounts@redbulltechnology.com or by telephone on 01908 279700. Payment disputes are given a high level of importance and resolved promptly by the Accounts Payable team.
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.
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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
