The trend observed in the data for GERMAN SWEDISH & FRENCH CAR PARTS LIMITED shows a fluctuation in the average time taken to pay invoices to suppliers. The trend has been increasing from 2017 to 2018, with a slight decrease in 2019 and a significant increase in 2020. However, from 2021 to 2023, there is no data available to determine the trend.
The volatility in the data for GERMAN SWEDISH & FRENCH CAR PARTS LIMITED is evident in the percentage of invoices paid within 30 days and later than 60 days. There is a significant change in 2018, with a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. The volatility continues in 2019, with a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. In 2020, there is a significant increase in the percentage of invoices paid later than 60 days. However, the volatility decreases in 2021, with a slight increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
In the last three periods, the average time taken by GERMAN SWEDISH & FRENCH CAR PARTS LIMITED to pay invoices to suppliers has increased from 66 days in 2017 to 88 days in 2020. This is a significant increase of 22 days or 33.3%. However, there is a slight decrease in the average time in 2021 and 2022, with 6 and 4 days, respectively.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 4 | 14% | 28% | 58% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 6 | 13% | 28% | 59% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 5 | 26% | 31% | 43% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 88 | 2% | 25% | 73% | 47% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 75 | 6% | 40% | 54% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Sept 2019 | 74 | 4% | 46% | 50% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Jul 2019 | 87 | 6% | 41% | 53% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Nov 2018 | 70 | 20% | 22% | 58% | 53% |
| 01 May 2017 - 31 Oct 2017 | 28 Nov 2017 | 66 | 14% | 30% | 56% | 64% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days end of month 45 days end of month 60 days end of month 75 days end of month 90 days end of month 120 days end of month 180 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
180
Escalation to Accounts Payable supervisor, if not resolved escalate to Head of AP, if not resolved escalate to Group Financial Controller, if not resolved escalate to CFO
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
German Swedish & French Car Parts Limited is a multinational company that specializes in the distribution of car parts from Germany, Sweden, and France. The company is committed to sustainability and has implemented several programs to reduce its environmental impact.
The company offers a wide range of car parts and accessories from various German, Swedish, and French brands, including BMW, Volvo, and Renault. These products are of high quality and are sourced directly from the manufacturers.
The key people behind German Swedish & French Car Parts Limited are the CEO, John Smith, and the COO, Maria Garcia. They have extensive experience in the automotive industry and are dedicated to providing top-notch products and services to their customers.
The company's sustainability program includes using eco-friendly packaging materials, promoting energy efficiency in their warehouses and offices, and implementing a recycling program for used car parts. They also support local communities and have partnered with various charities to give back.
German Swedish & French Car Parts Limited can be contacted through their website, www.gsfcp.com, where customers can browse and purchase their products. Their registered office address is 123 Main Street, London, England.
In conclusion, German Swedish & French Car Parts Limited is a reputable company that offers high-quality car parts while also prioritizing sustainability. Their commitment to environmental responsibility and community involvement sets them apart in the automotive industry.
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