| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 63 | 22% | 37% | 41% | 23% |
| 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 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 71 | 12% | 45% | 43% | 49% |
| 01 Apr 2021 - 30 Sept 2021 | 30 Mar 2022 | 60 | 25% | 36% | 39% | 35% |
| 01 Oct 2019 - 31 Mar 2020 | 16 Apr 2020 | 77 | 12% | 46% | 42% | 27% |
| 01 Apr 2019 - 30 Sept 2019 | 16 Oct 2019 | 59 | 18% | 47% | 36% | 19% |
| 01 Oct 2018 - 31 Mar 2019 | 09 Apr 2019 | 58 | 10% | 57% | 33% | 18% |
| 01 Oct 2017 - 31 Mar 2018 | 13 Jun 2018 | 62 | 11% | 49% | 40% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are established individually with each supplier, subject to regional practices and any applicable government requirements. Intercompany suppliers operate under 60-day payment terms, unless local regulatory requirements dictate otherwise.
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
Cummins is committed to working with our suppliers to help achieve on time, accurate payments. Any disputes will be dealt with first by the appropriate sourcing manager and, upon escalation, the Accounts Payable Helpdesk located in the Troy, MI. The Accounts Payable team can be contacted Monday to Friday by email. Further contact information and guidance on submission of invoices can be found on supplier.cummins.com.
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
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.
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