The average payment time of 59 days indicates a consistent pattern of slow payments, with very few invoices settled within standard 30-day terms. The majority of payments (50%) fall into the 31-60 day bracket, while a substantial 41% are paid over 60 days, suggesting a prolonged payment cycle is the norm.
The low percentage of payments within 30 days (9%) combined with a significant 41% paid over 60 days highlights a lack of promptness and creates cash flow predictability challenges for suppliers. While 50% fall between 31-60 days, the high proportion of payments exceeding 60 days suggests an elevated risk of extended delays, making future payment timing less reliably predictable.
Suppliers should anticipate average payment times around two months, with a high probability of payments extending beyond 60 days, necessitating careful cash flow planning. It is recommended to negotiate explicit payment terms reflecting this reality, consider stricter credit limits, or factor in the cost of extended payment cycles into pricing to mitigate financial risk.
| 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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 59 | 10% | 49% | 41% | 37% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 53 | 16% | 53% | 31% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms 30 days/30 days EOM agreed 7, 14, 60, 90 0 days in exceptional circumstances inc Monthly Payroll
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
90
Invoice and Payments issues managed by AP team
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
ZF CHASSIS MODULES (SOLIHULL) LIMITED is an active private limited company. Its name indicates a specialisation in the development, production, or supply of chassis modules.
Incorporated on 20 November 1997, the company operates under company number 03468742. Its registered office is located at Birmingham International Park, Unit 2/3 Starley Way, Bickenhill, Solihull, West Midlands, United Kingdom, B37 7GN.
In the UK market, companies specialising in chassis modules typically design, engineer, manufacture, and supply integrated sub-assemblies for vehicle chassis. These components are essential for a vehicle's structural integrity, suspension, steering, and braking systems.