INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED
Company Information
- Company Number
- 05611434
- Registered Address
- Building 2 Elmdon Trading Estate, Bickenhill Lane, Solihull, West Midlands, England, B37 7HE
- Status
- Active
- Employee Count
- 1,164
- Turnover
- £248,351,000
- EBITDA
- £10,230,000
Additional Details
- Website
- https://iacgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 3 November 2005
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Distribution And Delivery, Hardware, Manufacturing, Property, Infrastructure And Construction, Raw Materials And Intermediate Goods, Road Travel, Software, Supply Chain, Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
45 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
IAC terms and conditions state 45 EOM
Maximum contractual payment period agreed
119
Dispute Resolution Process
As a business we require a PO issued by us to pay for goods or services. If an IAC PO is not provided on each invoice then the supplier needs to go back to IAC buyer so one can be provided. If the Invoice does not match the PO price then the supplier needs to go back to IAC buyer for an amended PO.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
International Automotive Components Group Limited (IAC Group) is a global company that specializes in the design, engineering, and manufacturing of automotive components. Established in 2006, the company has a presence in over 20 countries and serves major automotive OEMs worldwide.
The company's sustainability program focuses on reducing their environmental impact through efficient use of resources, waste reduction, and promoting sustainability within their supply chain. They also prioritize the health and safety of their employees and communities, as well as supporting local communities through various initiatives.
IAC Group offers a wide range of products and services, including instrument panels, door panels, floor consoles, and other interior components for vehicles. They also provide innovative solutions such as lightweight materials and advanced technology to improve the performance and efficiency of vehicles.
Key people in IAC Group include CEO and President Natale Rea, Chief Financial Officer Phil Eyler, and Chief Operating Officer Mark Adler. The company's registered office address is located in Luxembourg and their website is www.iacgroup.com.
Overall, IAC Group is a leading player in the automotive industry, committed to sustainability and providing high-quality products and services to their customers.
