MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED
Company Information
- Company Number
- 03640941
- Registered Address
- Meritor, Grange Road, Cwmbran, Gwent, NP44 3XU
- Status
- Active
- Employee Count
- 425
- Turnover
- £165,268,000
- EBITDA
- -£6,665,000
Additional Details
- Website
- https://meritor.com
- Company Type
- Private limited Company
- Incorporated On
- 30 September 1998
- Nature of Business
- 30990 - Manufacture of other transport equipment not elsewhere classified
- Industries
- Travel And Transportation
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 28 Jul 2025 | 70 | 20% | 36% | 44% | 35% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Jan 2025 | 62 | 25% | 37% | 38% | 27% |
| 01 Oct 2023 - 31 Dec 2023 | 24 Jan 2024 | 68 | 17% | 41% | 42% | 39% |
| 01 Apr 2023 - 30 Sept 2023 | 24 Oct 2023 | 69 | 16% | 35% | 49% | 26% |
| 01 Apr 2021 - 30 Sept 2021 | 30 Mar 2022 | 60 | 25% | 36% | 39% | 35% |
| 01 Apr 2019 - 30 Sept 2019 | 16 Oct 2019 | 59 | 18% | 47% | 36% | 19% |
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
The company agrees payment terms with suppliers at the commencement of trading. Standard terms used are 30/60/90/120 days End of Month. Whilst other terms might be agreed by negotiation, the maximum term applied is 120 days EOM There were no changes in these standard terms in the reporting period
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
120
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. The initial point of contact for disputes is Accounts Payable team. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. If the Accounts Payable team are unable to resolve the dispute, then the issue is escalated to a project manager/originator of the purchase order/purchasing who are then responsible for resolving the issue. For initial disputes or queries, suppliers can email https://aphelpdesk@cummins.com. The team will investigate any delays or issues in payment in order to resolve any queries as soon as possible.
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.
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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?
❌
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
MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED is a leading provider of heavy vehicle braking systems in the UK. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes reducing energy consumption and waste, promoting recycling and responsible sourcing of materials. They also prioritize the development of eco-friendly products and services, such as their low-emission brake pads.
The company offers a wide range of products and services, including air disc brakes, drum brakes, and trailer brakes. They also provide maintenance and repair services for their products.
The key people in MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED include the Managing Director, who is responsible for the overall operations of the company, and the Sustainability Manager, who leads the company's sustainability efforts.
For more information, customers can visit their website at www.meritor.com/uk or contact their registered office at Meritor House, 88-90 High Street, Surrey, KT1 1HN, United Kingdom. Overall, MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED is a reliable and sustainable choice for heavy vehicle braking systems in the UK.
