HORIBA MIRA LIMITED
Company Information
- Company Number
- 09626352
- Registered Address
- Watling Street, Nuneaton, Warwickshire, England, CV10 0TU
- Status
- Active
- Employee Count
- 561
- Turnover
- £74,190,000
- EBITDA
- £8,579,000
Additional Details
- Website
- https://horiba-mira.com/
- Company Type
- Private limited Company
- Incorporated On
- 5 June 2015
- Nature of Business
- 72190 - Other research and experimental development on natural sciences and engineering
- Industries
- Travel And Transportation
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for HORIBA MIRA LIMITED shows a consistent trend of decreasing time taken to pay invoices to suppliers over the past three periods. From the start of 2018, the average time to pay has decreased from 35 days to 32 days in the most recent period. This trend suggests that the company is making efforts to improve their payment processes and pay their suppliers in a timely manner.
Volatility Analysis
The data for HORIBA MIRA LIMITED also shows a consistent volatility in the percentage of invoices paid within 30 days, with a range of 58% to 64% over the past three periods. This suggests that the company's payment practices may still have some room for improvement in terms of consistency.
Summary Analysis
Overall, the data for HORIBA MIRA LIMITED shows a positive trend of decreasing time taken to pay invoices to suppliers. The company has also consistently paid a majority of their invoices within 30 days, with the highest percentage being 64% in the most recent period. However, there is still room for improvement in terms of consistency in their payment practices.
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 2022 - 30 Jun 2022 | 15 Jul 2022 | 32 | 56% | 41% | 3% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 30 | 64% | 34% | 2% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 08 Jul 2021 | 30 | 61% | 35% | 4% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 32 | 62% | 32% | 6% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 31 | 60% | 37% | 4% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 34 | 54% | 41% | 5% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 35 | 59% | 34% | 7% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 31 | 58% | 35% | 7% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 35 | 60% | 32% | 8% | 21% |
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
Some vendors are set to immediate payment. Standard terms tend to be end of following month from invoice date.
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
60
Dispute Resolution Process
All purchase invoices must quote a valid purchase order number. For every resolution, initial contact may be to AP department who will refer supplier to the purchaser in order to resolve. Once invoice is approved for payment, then the system will automatically make payment on next payment run
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
HORIBA MIRA LIMITED is a global automotive engineering and testing company, headquartered in Nuneaton, United Kingdom. They offer a wide range of services including vehicle testing, research and development, and consultancy.
The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact. This includes investing in renewable energy sources, reducing waste and promoting sustainable transport solutions.
HORIBA MIRA LIMITED also offers a range of products and services that promote sustainability in the automotive industry. This includes testing and certification of electric and hybrid vehicles, as well as research and development of alternative fuel technologies.
The company's key people include CEO Dr. George Gillespie, who has over 30 years of experience in the automotive industry, and Chairman Sir John Peace, a prominent figure in the UK business world.
Their website address is www.horiba-mira.com, where customers can find information about their services, products, and sustainability efforts. The registered office address is Watling Street, Nuneaton, Warwickshire, CV10 0TU, United Kingdom.
In summary, HORIBA MIRA LIMITED is a leading automotive engineering and testing company with a strong commitment to sustainability. Through their services, products, and initiatives, they are working towards a more sustainable future for the automotive industry.
