Industry ranking
In the first period (Jan 2018 - Jun 2018), DAU DRAEXLMAIER AUTOMOTIVE UK LIMITED had an average time to pay of 30 days. 95% of invoices were paid within 30 days, 5% were paid between 31 and 60 days, and 0% were paid later than 60 days. There were no invoices that were not paid within agreed terms. The shortest (or only) standard payment period was 14 days.
Based on the data available, there is not enough information to determine the volatility of DAU DRAEXLMAIER AUTOMOTIVE UK LIMITED's payment patterns.
Overall, there is not enough data available to identify any major changes in DAU DRAEXLMAIER AUTOMOTIVE UK LIMITED's payment patterns. However, in the seventh and eighth periods (Jan 2022 - Dec 2022), there was an increase in the average time to pay (from 30 days to 45 days) and a decrease in the percentage of invoices paid within 30 days (from 95% to 70% and 60%). This could indicate a potential issue with late payments during this time period. Additionally, the percentage of invoices paid later than 60 days increased from 0% to 10% in the eighth period, which could be a cause for concern.
| 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 2023 - 31 Dec 2023 | 08 Feb 2024 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 45 | 60% | 30% | 10% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Feb 2023 | 45 | 70% | 20% | 10% | 5% |
| 01 Jan 2021 - 31 Dec 2021 | 31 Mar 2022 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 24 May 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 24 May 2021 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 27 Feb 2019 | 30 | 95% | 5% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Feb 2019 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
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
60
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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
DAU Draexlmaier Automotive UK Limited is registered in Tamworth, Staffordshire, with its listed activity being the manufacture of other parts and accessories for motor vehicles. It forms part of the wider DRÄXLMAIER group, a German family owned manufacturer that supplies premium vehicle makers worldwide with complex wiring harness systems, electrical and electronic components, interior systems, and battery systems for electric mobility. The group operates from over 60 locations across more than 20 countries with around 60,000 employees. This UK entity represents the group's presence in the United Kingdom, contributing to the manufacture of automotive electrical and interior components within that international operation.
Generated from the company's website and Companies House records. Sources: draexlmaier.com