Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
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 registered in London and holds the SIC classification for wholesale trade of motor vehicle parts and accessories. It trades under the name GSF Car Parts. The business supplies car parts, accessories, batteries, oils and tools to retail customers, independent garages and national chains including Kwik Fit, Halfords and Green Flag. It operates over 200 stores across the UK and Ireland, supported by a National Distribution Centre in Wolverhampton and regional distribution hubs, sourcing products from established automotive component manufacturers rather than making them itself. The company has served the automotive aftermarket since the late 1960s, growing through organic expansion and acquisition, and offers both online ordering with delivery and in-store click and collect services.
Generated from the company's website and Companies House records. Sources: gsfcarparts.com · gsfcarparts.com