VISTEON ENGINEERING SERVICES LIMITED
Company Information
- Company Number
- 06213888
- Registered Address
- 31 Springfield Lyons Approach, Chelmsford, Essex, England, CM2 5LB
- Status
- Active
- Employee Count
- 74
- Turnover
- £17,983,000
- EBITDA
- £4,436,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 April 2007
- Nature of Business
- 71121 - Engineering design activities for industrial process and production
- Industries
- Professional Services
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
VISTEON ENGINEERING SERVICES LIMITED generally exhibits a strong trend of prompt payments, with an average time of 25 days. A significant majority of 75% of payments are completed within 30 days, indicating consistent quick processing. While 23% extend to 31-60 days and 2% go beyond 60 days, the overall trajectory points predominantly towards timely settlements.
Volatility Analysis
Despite the strong average, the 23% of payments falling into the 31-60 day bracket introduces some variability and reduced predictability for a portion of invoices. The 13% overall late payment rate, including 2% over 60 days, highlights a minor but persistent risk of delayed cash flow for suppliers. This suggests that while most payments are reliable, a notable minority may experience longer processing times.
Summary Analysis
Overall, VISTEON ENGINEERING SERVICES LIMITED presents as a generally reliable payer with low to moderate payment risk for suppliers. Key decision factors include the high probability of prompt payment (75% within 30 days) balanced against the 13% late payments. Suppliers should consider establishing clear payment terms, actively monitoring outstanding invoices, and building a slight buffer for cash flow planning to mitigate potential delays.
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 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 25 | 75% | 23% | 2% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 22 | 82% | 17% | 1% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Aug 2018 | 23 | 78% | 20% | 2% | 14% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard terms are 60 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the first instance suppliers who have a query regarding their invoice should speak with their Visteon buyer who can liaise with Accounts Payable. Alternatively, suppliers can contact Accounts Payable directly at electpt@visteon.com
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
Company Summary
VISTEON ENGINEERING SERVICES LIMITED is a private limited company that provides engineering services.
The company is active and registered under company number 06213888. It was incorporated on 16 April 2007, with its registered office located at 31 Springfield Lyons Approach, Chelmsford, Essex, England, CM2 5LB, placing it within the East of England region.
Companies offering engineering services in the UK typically provide expertise in areas such as design, development, project management, and technical consultancy. These services often support a range of industries requiring specialised engineering solutions.
