FAURECIA EMISSIONS CONTROL TECHNOLOGIES UK LIMITED
Company Information
- Company Number
- 06163599
- Registered Address
- 5th Floor, 20 Fenchurch Street, London, England, EC3M 3BY
- Status
- Active
- Employee Count
- 65.0
- Turnover
- 28701000.0
- EBITDA
- 2512000.0
Additional Details
- Website
- https://emcontechnology.com
- Company Type
- Private limited Company
- Incorporated On
- 15 March 2007
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Travel And Transportation
- Region
- London
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 |
|---|---|---|---|---|---|---|
| 12 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 63 | 19% | 40% | 41% | 0% |
Company Summary
Faurecia Emissions Control Technologies UK Limited is a leading company in the automotive industry, specializing in developing and manufacturing emission control systems for vehicles
Based in Coventry, the company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
The company offers a range of products and services aimed at reducing emissions and improving air quality
This includes exhaust systems, catalytic converters, and particulate filters for diesel engines
These products help vehicles meet the strict emission standards set by governments around the world
One of the key people at Faurecia Emissions Control Technologies UK Limited is its Managing Director, Mark Thorpe
He leads a team of dedicated professionals who are constantly striving to innovate and improve their products and services
The company's sustainability program focuses on reducing waste, conserving resources, and promoting eco-friendly practices
They have a dedicated team that actively looks for ways to minimize their environmental impact and regularly conducts audits to ensure compliance
Customers can contact Faurecia Emissions Control Technologies UK Limited through their website, which also provides information on their products and services
The company's registered office address is located at Edgwick Park, Canal Road, Coventry, CV6 5RB
In summary, Faurecia Emissions Control Technologies UK Limited is a reputable company in the automotive industry, known for its commitment to sustainability and providing high-quality emission control solutions
With a strong focus on innovation and environmental responsibility, the company continues to make a positive impact on the industry and the environment
Company Review
Trend Analysis
The average time to pay for FAURECIA EMISSIONS CONTROL TECHNOLOGIES UK LIMITED has been gradually increasing over the past three periods. In July 2022, the average time to pay was 59.2 days, which increased to 61.2 days in January 2023, and further increased to 63 days in July 2023.
Volatility Analysis
The volatility in the average time to pay for FAURECIA EMISSIONS CONTROL TECHNOLOGIES UK LIMITED has been minimal over the past three periods. The difference between the shortest (or only) standard payment period and the average time to pay has been consistent at 15 days.
Summary Analysis
In the latest period of July 2023, FAURECIA EMISSIONS CONTROL TECHNOLOGIES UK LIMITED took an average of 63 days to pay invoices to suppliers. This is an increase of 3.8% from the previous period of January 2023, where the average time to pay was 61.2 days. However, there has been a gradual improvement in the percentage of invoices paid within 30 days, with an increase of 4% from 19% in July 2022 to 23% in January 2023. The company has also maintained a consistent standard payment period of 15 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payments to suppliers are often mandated by our final customer due to the business that we operate in. They also vary widely depending on the service provided by the supplier and if there are any specific terms agreed with suppliers.
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
90
Dispute Resolution Process
"FECT UK Ltd" is part of the wider Faurecia Group (which, along with Hella, forms the FORVIA Group) and is fully committed to paying all supplier invoices within the agreed payment terms period. It is essential for suppliers to provide correct PO's and to follow the Groups' invoicing rules to ensure there are no delays to payment of invoices.
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
