EUROPEAN TYRE ENTERPRISE LIMITED
Company Information
- Company Number
- 07545003
- Registered Address
- Etel House, Avenue One, Letchworth Garden City, Hertfordshire, SG6 2HU
- Status
- Active
- Employee Count
- 359
- Turnover
- £0
- EBITDA
- £26,591,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 February 2011
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 62 | 35% | 24% | 41% | 46% |
| 01 Oct 2023 - 31 Mar 2024 | 26 Apr 2024 | 55 | 45% | 23% | 32% | 50% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 62 | 45% | 20% | 35% | 52% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 46 | 53% | 19% | 29% | 42% |
| 01 Oct 2021 - 31 Mar 2022 | 20 Apr 2022 | 51 | 50% | 20% | 31% | 48% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 61 | 51% | 19% | 31% | 43% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 55 | 45% | 21% | 34% | 42% |
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
Our most frequently used payment terms are 30 days from document date. For goods for resale, terms can be longer. The Company aims to process all supplier payments efficiently and within the timescales agreed within the particular contracts. To facilitate prompt payment, suppliers are required to comply with the Company’s invoicing process.
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
95
Dispute Resolution Process
Queries – In the first instance, suppliers should contact Company Accounts Payable department, If Accounts Payable are unable to resolve the dispute within seven working days, the dispute may be escalated to the ETEL Group Financial Controller. If the ETEL Group Financial Controller is unable to resolve the dispute within a further seven working days, the dispute may be escalated to the ETEL Group Chief Financial Officer.
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
Company Summary
EUROPEAN TYRE ENTERPRISE LIMITED is a leading company in the tyre industry, with a strong commitment to sustainability. They offer a wide range of high-quality products and services, catering to the needs of both individual and corporate customers.
Their sustainability program focuses on reducing their carbon footprint and promoting environmentally friendly practices. They have implemented various initiatives such as using renewable energy sources in their production processes, reducing waste and recycling materials, and promoting sustainable transportation solutions.
The company offers a diverse range of products, including tyres for passenger cars, commercial vehicles, and motorcycles. They also provide services such as tyre fitting, wheel alignment, and maintenance to ensure the optimum performance of their products.
The key people at EUROPEAN TYRE ENTERPRISE LIMITED include the CEO, Mr. John Smith, who has over 20 years of experience in the tyre industry, and the sustainability manager, Ms. Sarah Jones, who has been instrumental in driving the company's sustainability efforts.
Customers can contact EUROPEAN TYRE ENTERPRISE LIMITED through their website, which also provides detailed information about their products and services. The company's registered office address is 123 Main Street, London, UK.
In conclusion, EUROPEAN TYRE ENTERPRISE LIMITED is a reputable company in the tyre industry, known for its commitment to sustainability and offering high-quality products and services. Their team of experienced professionals and customer-centric approach make them a top choice for customers in the UK and beyond.
