| 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 | 30 Jan 2019 | 52 | 19% | 56% | 25% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 49 | 19% | 60% | 21% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless otherwise stated in the order, MAHLE shall pay the price of goods and services within 30 days after the end of the month of receipt of a proper invoice or, if later, after acceptance of goods and services in question.
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
All invoices are processed by a central shared services Accounts Payable team. Where it is not possible to process an invoice for payment, the relevant personnel at the local site are identified for resolution of the dispute. The dispute is entered into a query management system and forwarded to the responsible person (Approver) to investigate. It is the Approver who will liaise with the supplier to settle the dispute. The Approver then returns the dispute via the query management system to the Accounts Payable team advising the outcome of the discussion with the supplier.
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
MAHLE Powertrain Limited, based in Northampton, was previously known as Cosworth Technology Limited before adopting its current name. Its registered activities are engineering design for industrial process and production and technical testing and analysis. It is part of the MAHLE Group, a global automotive supplier headquartered in Stuttgart, Germany, which operates around 127 production locations and research and development centres worldwide. MAHLE Powertrain forms part of MAHLE's UK operations, alongside other MAHLE UK entities covering aftermarket parts and engine systems. The company's role within the group is centred on engineering and technical testing services supporting powertrain development, rather than the manufacture or sale of finished vehicle components itself.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · mahle-powertrain.com