HAAS FORMULA UK LTD
Company Information
- Company Number
- 09152405
- Registered Address
- Haas Racing, Overthorpe Road, Banbury, Oxfordshire, OX16 4PN
- Status
- Active
- Employee Count
- 116
- Turnover
- £109,716,000
- EBITDA
- £8,387,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 29 July 2014
- Nature of Business
- 93199 - Other sports activities
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for HAAS FORMULA UK LTD to pay invoices has been decreasing over the years, with a notable decrease in 2021. The percentage of invoices paid within 30 days has also been increasing, while the percentage of invoices paid later than 60 days has been decreasing. This indicates that the company has been improving in terms of timely payments to suppliers.
Volatility Analysis
The volatility of HAAS FORMULA UK LTD's payment behavior has been relatively stable, with minor fluctuations in the percentages of invoices paid within 30 days and between 31 and 60 days. However, there was a significant increase in the percentage of invoices not paid within agreed terms in 2023, indicating a potential issue with delayed payments during that period.
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 2025 - 30 Jun 2025 | 30 Jul 2025 | 37 | 30% | 63% | 7% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Jul 2024 | 28 | 61% | 37% | 2% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 35 | 42% | 40% | 18% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 30 | 51% | 40% | 9% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 37 | 51% | 29% | 20% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 18 | 82% | 17% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 17 | 84% | 15% | 1% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 19 | 82% | 17% | 1% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 43 | 69% | 10% | 21% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 35 | 56% | 25% | 19% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 02 Mar 2020 | 25 | 79% | 12% | 9% | 9% |
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
For most companies our standard payment terms are end of the following 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
45
Dispute Resolution Process
If there are any disputes relating to invoices due for the payment please contact ap@haasf1team.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.
❌
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
HAAS FORMULA UK LTD is a leading motorsport team based in Banbury, Oxfordshire. The company was founded in 2016 and has since established itself as a key player in the Formula One racing world.
The company's sustainability program is a core aspect of their operations. They have implemented various initiatives to reduce their carbon footprint and promote sustainable practices. These include using renewable energy sources, minimizing waste and promoting recycling, and implementing energy-efficient technologies. HAAS FORMULA UK LTD also actively participates in community projects and supports local environmental causes.
As a racing team, HAAS FORMULA UK LTD offers a range of products and services related to motorsport. They design and manufacture high-performance racing cars, as well as provide technical support and expertise to other racing teams. The company also offers sponsorship opportunities and merchandise for fans.
Some of the key people at HAAS FORMULA UK LTD include Gene Haas, the founder and chairman, Guenther Steiner, the team principal, and Romain Grosjean and Kevin Magnussen, the drivers. The team is known for its strong leadership and talented personnel, which have contributed to their success in the racing world.
For more information on HAAS FORMULA UK LTD and their services, you can visit their website at www.haasf1team.com. Their registered office address is Unit 1, Banbury Gateway, Banbury, Oxfordshire, OX16 3UU. HAAS FORMULA UK LTD continues to strive for excellence in motorsport while also promoting sustainability and making a positive impact on the environment and community.
