RED BULL TECHNOLOGY LIMITED
Company Information
- Company Number
- 05202976
- Registered Address
- Building 1, Bradbourne Drive, Tilbrook Milton Keynes, MK7 8BJ
- Status
- Active
- Employee Count
- 736.0
- Turnover
- 385687000.0
- EBITDA
- 31754000.0
Additional Details
- Website
- https://redbullracing.com
- Company Type
- Private limited Company
- Incorporated On
- 11 August 2004
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- 0
- 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 | 31 Jan 2024 | 37 | 56% | 43% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 35 | 72% | 22% | 5% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 51 | 53% | 38% | 9% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 36 | 55% | 38% | 7% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 32 | 62% | 34% | 4% | 4% |
| 01 Jun 2021 - 30 Jun 2021 | 21 Jul 2021 | 33 | 59% | 37% | 4% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 33 | 55% | 42% | 3% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 42 | 28% | 64% | 8% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 42 | 20% | 77% | 3% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 42 | 20% | 77% | 3% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 43 | 21% | 73% | 6% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 42 | 26% | 68% | 6% | 11% |
Company Summary
RED BULL TECHNOLOGY LIMITED is a British company that specializes in the design, development, and manufacturing of high-performance technology for the motorsports industry
The company was founded in 2004 and is based in Milton Keynes, United Kingdom
The company's main focus is on delivering cutting-edge technology and engineering solutions for its Formula One team, Red Bull Racing
Their experienced team of engineers, designers, and technicians work closely with the racing team to provide innovative solutions that enhance the performance of their cars
In recent years, RED BULL TECHNOLOGY LIMITED has also expanded its services to other motorsports disciplines, including NASCAR and World Rally Championship
This has allowed the company to showcase its expertise and attract new clients
Aside from its technological advancements, RED BULL TECHNOLOGY LIMITED is also committed to sustainability
The company has implemented various measures to reduce its carbon footprint, such as using renewable energy sources and promoting sustainable practices in its supply chain
One of the company's most notable products is the RB16B, the current Formula One car used by Red Bull Racing
It has been praised for its aerodynamic design and advanced engineering, helping the team achieve podium finishes in races
The key people at RED BULL TECHNOLOGY LIMITED include Chief Technical Officer Adrian Newey, who has an impressive track record in Formula One, and Managing Director Jonathan Wheatley, who has been with the company since its inception
The company's registered office address is Red Bull Technology Limited, Bradbourne Drive, Tilbrook, Milton Keynes, MK7 8BJ, United Kingdom
More information about their products and services can be found on their website, www.redbull.com/en/technology
Overall, RED BULL TECHNOLOGY LIMITED continues to be a leading force in the motorsports industry, providing cutting-edge technology and pushing the boundaries of innovation while also prioritizing sustainability
Company Review
Trend Analysis
The trend for Red Bull Technology Limited shows a consistent average time to pay invoices over the past five periods, ranging from 33 to 43 days. However, there has been an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days. This suggests that the company has been paying their invoices earlier in recent years.
Volatility Analysis
The volatility for Red Bull Technology Limited is relatively low, with the average time to pay remaining consistent and only small changes in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there has been a larger fluctuation in the percentage of invoices paid later than 60 days, with a high of 9% in 2022 and a low of 1% in 2023.
Summary Analysis
The summary analysis for Red Bull Technology Limited over the past three periods shows that the company has consistently paid their invoices within an average of 42 days, with a slight decrease to 37 days in the most recent period. There has been a notable improvement in the percentage of invoices paid within 30 days, increasing from 26% in 2018 to 72% in 2023. The company has also reduced the percentage of invoices paid between 31 and 60 days, from 68% in 2018 to 22% in 2023. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 6% in 2018 to 5% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days end of month
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
60
Dispute Resolution Process
For any payment disputes suppliers can either contact the Accounts Payable team by email accounts@redbulltechnology.com or by telephone on 01908 279700. Payment disputes are given a high level of importance and resolved promptly by the Accounts Payable team.
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?
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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
