BMW UK MANUFACTURING LIMITED
Company Information
- Company Number
- 03950868
- Registered Address
- Company Secretary, Summit One, Summit Avenue, Farnborough, Hampshire, GU14 0FB
- Status
- Active
- Employee Count
- 3676.0
- Turnover
- 3220855000.0
- EBITDA
- 246772000.0
Additional Details
- Website
- https://bmw.com
- Company Type
- Private limited Company
- Incorporated On
- 14 March 2000
- Nature of Business
- 29100 - Manufacture of motor vehicles
- Industries
- Travel And Transportation
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 28 | 67% | 32% | 1% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 33 | 57% | 37% | 6% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 31 | 55% | 44% | 1% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 31 | 48% | 52% | 0% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 31 | 49% | 51% | 0% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 31 | 44% | 56% | 0% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 31 | 38% | 62% | 0% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 32 | 31% | 68% | 1% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 31 | 37% | 63% | 0% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 31 | 39% | 61% | 0% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 32 | 32% | 68% | 0% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 31 | 34% | 66% | 0% | 4% |
Company Summary
BMW (UK) MANUFACTURING LIMITED is a subsidiary of the German luxury car manufacturer BMW Group, which has been operating in the UK since 1916
The company's registered office is located in Oxford, United Kingdom
The main activity of BMW (UK) MANUFACTURING LIMITED is the production of premium vehicles, including the iconic MINI brand, at their state-of-the-art manufacturing plants in Oxford and Swindon
The company employs over 6,000 people and has a strong commitment to sustainability, striving to reduce its carbon footprint and promote environmentally friendly practices throughout its operations
As part of its sustainability program, BMW (UK) MANUFACTURING LIMITED has implemented several initiatives, such as using renewable energy sources, reducing waste and emissions, and promoting sustainable supply chain practices
The company also offers a range of electric and hybrid vehicles, contributing to the global effort to reduce carbon emissions and combat climate change
The company's key people include Graeme Grieve, the CEO of BMW Group UK, and Bernd Körber, the Managing Director of MINI brand
Both are experienced leaders in the automotive industry and are dedicated to driving the company's success in the UK market
BMW (UK) MANUFACTURING LIMITED values customer satisfaction and provides excellent customer service through its network of authorized dealers and service centers across the UK
The company also has a strong online presence, with a user-friendly website that allows customers to explore and customize their desired vehicles
In conclusion, BMW (UK) MANUFACTURING LIMITED is a leading player in the UK automotive industry, offering premium vehicles and promoting sustainability in its operations
With its strong leadership, commitment to quality, and dedication to customer satisfaction, the company continues to be a popular choice for British car buyers
For more information, please visit their website at www.bmw.co.uk
Company Review
Trend Analysis
The average time for BMW (UK) MANUFACTURING LIMITED to pay invoices has remained relatively consistent over the past three periods, fluctuating between 31 and 33 days. However, there has been a slight increase in the percentage of invoices paid within 30 days.
Volatility Analysis
The volatility in BMW (UK) MANUFACTURING LIMITED's payment practices is relatively low, with consistent payment periods and a low percentage of invoices paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
40 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
40
Dispute Resolution Process
The supplier is advised to contact a dedicated email address for all invoices and payment disputes. A member of the team will respond to emails received within 5 working days. If the query cannot be resolved this will either be escalated to the relevant department or to Senior Management for further action. All purchase orders are covered by the Dispute Resolution Procedure.
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.
❌
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.
✅
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.
❌
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
