CNH INDUSTRIAL CAPITAL EUROPE LIMITED
Company Information
- Company Number
- 03420615
- Registered Address
- Room 32-521, Cranes Farm Road, Basildon, Essex, SS14 3AD
- Status
- Active
- Employee Count
- 0
- Turnover
- £42,803,000
- EBITDA
- £36,971,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 August 1997
- Nature of Business
- 64910 - Financial leasing
- Industries
- Financial Services
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for CNH INDUSTRIAL CAPITAL EUROPE LIMITED shows a consistent decrease in the average time taken to pay invoices, from 34 days in the first period (Jan 2018 to Jun 2018) to 27 days in the most recent period (Jan 2019 to Jun 2019). This indicates an improvement in the company's payment efficiency over time.
Volatility Analysis
There is a noticeable decrease in the percentage of invoices paid later than 60 days, from 8% in the first period to 0.1% in the most recent period. This shows a significant improvement in the company's ability to pay invoices within agreed terms. Additionally, there is a decrease in the percentage of invoices not paid within agreed terms, from 40% in the first period to 37% in the most recent period. This suggests a decrease in payment delays or disputes.
Summary Analysis
In the past three periods, CNH INDUSTRIAL CAPITAL EUROPE LIMITED has shown improvements in their payment efficiency. The average time taken to pay invoices has decreased from 34 days to 27 days. The percentage of invoices paid within 30 days has increased from 67% to 69%, and the percentage of invoices paid later than 60 days has decreased from 8% to 0.1%. However, there is still room for improvement as the percentage of invoices not paid within agreed terms remains at a relatively high 37%.
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 2018 - 31 Dec 2018 | 16 Jan 2019 | 29 | 61% | 38% | 1% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 34 | 67% | 25% | 8% | 40% |
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
CNH Industrial Capital Europe agrees appropriate terms of payment with each of its suppliers. Invoices are paid in line with payment terms based on the timely receipt of an accurate and valid VAT invoices from the supplier. Any disputed invoices will not be paid until the issue has been successfully and mutually resolved with the supplier. In the absence of agreed terms with a supplier, it is the company’s standard policy is to pay within 30 days. The most frequently agreed term with suppliers is 30 days.
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
30
Dispute Resolution Process
If there is a disagreement, representatives of CNH Industrial Capital Europe Ltd who have contracted for the service or goods and the supplier shall negotiate and settle the disagreement. If there is no settlement within 14 days the matter is referred to the members of senior management within each organisation. If a settlement is not reached within a further 14 days of such referral the matter may be referred to the courts.
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
CNH Industrial Capital Europe Limited is a financial services company based in the United Kingdom. They provide a range of financial solutions for customers who purchase CNH Industrial equipment, such as agricultural and construction machinery, commercial vehicles, and powertrain solutions.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program in place that focuses on reducing emissions, promoting renewable energy, and implementing sustainable practices throughout their operations.
CNH Industrial Capital Europe Limited offers a variety of financial products and services, including leasing, financing, and insurance solutions. They also provide customized financial solutions to meet the specific needs of their customers.
The key people at CNH Industrial Capital Europe Limited include their managing director, board of directors, and executive team members. They have a team of experienced professionals who are dedicated to providing excellent service to their customers.
The registered office address for CNH Industrial Capital Europe Limited is at Cranes Farm Road, Basildon, Essex, SS14 3AD, United Kingdom. Their website address is www.cnhindustrialcapital.com, where customers can find more information about their services and contact details.
In summary, CNH Industrial Capital Europe Limited is a financial services company that is committed to sustainability and offers a range of financial solutions for customers purchasing CNH Industrial equipment. With a dedicated team and a strong focus on sustainability, they strive to provide excellent service to their customers while reducing their environmental impact.
