GTEKT EUROPE MANUFACTURING LIMITED
Company Information
- Company Number
- 03249892
- Registered Address
- Gloucester Business Park, Golf Club Lane, Brockworth, Gloucester, Gloucestershire, GL3 4AJ
- Status
- Active
- Employee Count
- 735
- Turnover
- £135,165,000
- EBITDA
- £16,792,000
Additional Details
- Website
- https://g-tem.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 September 1996
- Nature of Business
- 29201 - Manufacture of bodies (coachwork) for motor vehicles (except caravans)
- Industries
- Manufacturing, Raw Materials And Intermediate Goods, Road Travel
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by G-TEKT EUROPE MANUFACTURING LIMITED to pay invoices has been fluctuating between 36 and 40 days over the past three years. There has been a slight increase in the average time taken to pay invoices in the most recent period (2021-2022) compared to the previous two periods.
Volatility Analysis
The volatility in the average time taken to pay invoices for G-TEKT EUROPE MANUFACTURING LIMITED has been relatively stable with a range of only 4 days over the past three years.
Summary Analysis
From 2018 to 2023, G-TEKT EUROPE MANUFACTURING LIMITED has seen a slight increase in the average time taken to pay invoices, with the highest being 40 days in the most recent period (2021-2022). The percentage of invoices paid within 30 days has also decreased over the three periods, with the lowest being 14% in the period of 2020-2021. The percentage of invoices paid between 31 and 60 days has remained relatively stable, with the highest being 36% in the most recent period (2021-2022). The most concerning trend is the increase in the percentage of invoices paid later than 60 days, with the highest being 84% in the period of 2021-2022. However, it should be noted that the percentage of invoices not paid within agreed terms has remained at 0% throughout all periods.
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 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 39 | 28% | 70% | 2% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 05 May 2023 | 38 | 33% | 64% | 3% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 38 | 32% | 66% | 2% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 36 | 36% | 64% | 0% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 06 Oct 2021 | 40 | 16% | 84% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 20 Apr 2021 | 39 | 14% | 83% | 3% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Oct 2020 | 38 | 23% | 74% | 3% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 17 Apr 2020 | 37 | 31% | 68% | 1% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 15 Oct 2019 | 36 | 33% | 66% | 1% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 02 Apr 2019 | 38 | 34% | 66% | 0% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 09 Oct 2018 |
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
30 days end of month following invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The company policy is to strictly pay suppliers according to the terms agreed and not delay payment. This is essential to operating as part of a just in time supply chain in the automotive industry, as payment delays can result in failure to supply end product to customers with financial penalties and loss of business.
Maximum contractual payment period agreed
60
Dispute Resolution Process
The purchasing department helps resolve price and quantity discrepancies to the purchase order. The quality department resolves any quality issues with the vendor, normally within 30 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.
❌
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
G-TEKT EUROPE MANUFACTURING LIMITED is a leading manufacturer of automotive components, providing high-quality products and services to clients all over the world. The company is committed to sustainable practices and has implemented a strong sustainability program to minimize its environmental impact.
The company's main activities include the production of automotive body components, such as chassis frames, engine cradles, and suspension components. These products are manufactured using advanced technologies and strict quality control measures to ensure durability and safety.
G-TEKT EUROPE MANUFACTURING LIMITED employs a team of highly skilled and experienced professionals, including engineers and technicians, who are dedicated to delivering innovative and efficient solutions to their clients. The company's key people include the President and CEO, Mr. Takashi Kuroda, and the Managing Director, Mr. Masayuki Murakami.
As part of their sustainability program, the company focuses on reducing energy consumption, promoting recycling and waste reduction, and using eco-friendly materials in their production processes. G-TEKT EUROPE MANUFACTURING LIMITED also takes an active role in community development and supports various social and environmental initiatives.
The company's registered office address is Unit 9, Ashchurch Business Centre, Alexandra Way, Tewkesbury, Gloucestershire, GL20 8TD, United Kingdom. Their website, www.gtekt.com, provides detailed information about their products and services, as well as contact information for inquiries and business partnerships. G-TEKT EUROPE MANUFACTURING LIMITED is a reliable and sustainable choice for automotive components, driven by a commitment to excellence and responsible business practices.
