| 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 | 28 Jan 2019 | 59 | 12% | 42% | 46% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 14% | 47% | 39% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for suppliers are 60 days end of month. However, a large number of suppliers are also on 30 days end of month, a few suppliers immediate payment and a few large suppliers 90 days end of month.
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
Supplier queries are raised initially with accounts payable. They are then escalated to the relevant department for resolution (i.e. pricing issues are dealt with by the purchasing department / delivery discrepancies are dealt with by logistics)
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
Unipart Powertrain Applications Limited is registered under the SIC code for manufacture of other parts and accessories for motor vehicles, indicating an automotive components role. It is a subsidiary within the wider Unipart Group, headquartered at Unipart House, Oxford, which describes itself as a supply chain performance improvement partner operating across sectors including automotive, rail, aerospace and defence, offering consulting, design and manufacture, logistics and wholesale distribution services worldwide. The specific evidence available relates to the group's overall activities rather than this entity alone, so its own operations are best understood as forming part of that group's automotive parts manufacturing and supply chain business, based at the company's Oxford registered office.
Generated from the company's website and Companies House records. Sources: unipart.com · unipart.com