The trend for MULTIMATIC LTD. shows an increase in the average time to pay invoices from 45 days in 2018 to 60 days in 2020. However, there is a slight improvement in 2021 with the average time decreasing to 50 days.
The volatility for MULTIMATIC LTD. is relatively stable, with only a small change in the average time to pay between periods. However, there is a significant increase in the percentage of invoices paid later than 60 days in 2020, which could indicate potential cash flow issues or delays in payment processing.
| 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 2025 - 31 Dec 2025 | 13 Mar 2026 | 62 | 20% | 33% | 47% | 60% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jan 2026 | 59 | 17% | 38% | 45% | 61% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2026 | 56 | 20% | 40% | 40% | 55% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jan 2026 | 59 | 18% | 37% | 45% | 62% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2026 | 58 | 18% | 38% | 44% | 62% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 24 Jan 2023 | |||||
| 01 Jun 2021 - 22 Dec 2021 | 22 Dec 2021 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 26 Jan 2023 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 26 Mar 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 17 Dec 2020 | 60 | 20% | 75% | 5% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | |||||
| 31 Dec 2017 - 29 Dec 2018 | 29 Jan 2019 | 45 | 20% | 80% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from invoices date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment runs are made weekly to ensure all necessary payments are made within theagreed payment terms
Maximum contractual payment period agreed
365
Capital/tooling payments relate to progress against milestones - if these are not reachedand understood between both parties then this will hold up payment. Forced pricechanges (occasional) can hold up payment or we pay to the old price to terms anddeduct values against new price to realign to old agreed price.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Multimatic Ltd. is a leading global supplier of engineered components, systems and services to the automotive industry. The company was founded in 1984 and is headquartered in Coventry, United Kingdom.
The company's sustainability program is focused on reducing their environmental impact and promoting sustainable practices throughout their operations. They have implemented various initiatives such as energy efficiency measures, waste reduction, and sustainable sourcing of materials.
Multimatic Ltd. offers a wide range of products and services, including suspension systems, body structures, and powertrain components. They work with major automotive manufacturers to provide innovative solutions that improve vehicle performance, safety, and efficiency.
The company is led by a team of experienced professionals, including founder and CEO Peter Czapka, who has over 40 years of experience in the automotive industry.
To learn more about Multimatic Ltd. and their products and services, interested individuals can visit their website at www.multimatic.com. The company's registered office address is located at Unit 2, Spitfire Close, Coventry Business Park, Coventry, CV5 6SP, United Kingdom.
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