RED BULL POWERTRAINS LIMITED
Company Information
- Company Number
- 13204421
- Registered Address
- Red Bull Technology Campus, Building 8, Bradbourne Drive, Tilbrook, Milton Keynes, United Kingdom, MK7 8BE
- Status
- Active
- Employee Count
- 439.0
- Turnover
- 184562000.0
- EBITDA
- 10182000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 February 2021
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Travel And Transportation
- Region
- South East
Company Location
Loading map...
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 31 | 57% | 42% | 2% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 46 | 58% | 27% | 15% | 15% |
Company Summary
RED BULL POWERTRAINS LIMITED is a British company that specializes in the design, development, and manufacturing of high-performance powertrains for motorsports
The company was founded in 2021 and has its registered office located in Milton Keynes, United Kingdom
Under its sustainability program, RED BULL POWERTRAINS LIMITED is committed to reducing its carbon footprint and promoting sustainable practices in the motorsports industry
They have implemented various initiatives such as using renewable energy sources, recycling and reducing waste, and promoting eco-friendly transportation
The company's main product is their state-of-the-art powertrains, which are used in various motorsports events, including Formula One
These powertrains are known for their high performance, reliability, and efficiency, making them a popular choice among top racing teams
Some key people at RED BULL POWERTRAINS LIMITED include Managing Director, Ben Hodgkinson, and Technical Director, Pierre Wache
Both have extensive experience in the motorsports industry and are leading the company towards success
To learn more about RED BULL POWERTRAINS LIMITED and their products and services, interested individuals can visit their website at www.redbullpowertrains.com
The website offers detailed information about the company, their products, and their sustainability efforts
Customers can also contact the company through their website for any inquiries or support
Company Review
Trend Analysis
The average time taken for RED BULL POWERTRAINS LIMITED to pay invoices has decreased from 46 days in the first period to 31 days in the second period, before increasing to 39 days in the third period.
Volatility Analysis
The company has shown some volatility in their payment behavior, with a significant decrease in the average time to pay in the second period and a slight increase in the third period. The percentage of invoices paid within 30 days has also fluctuated, with a dip in the second period before increasing again in the third period.
Summary Analysis
From the data, it is evident that RED BULL POWERTRAINS LIMITED has shown improvement in their payment behavior over the past three periods. The average time to pay has decreased from 46 days to 39 days, and the percentage of invoices paid within 30 days has increased from 58% to 68%. However, there is still room for improvement as 15% of invoices were paid later than 60 days in the first period, and this number has only decreased to 1% in the third period. The company's standard payment period has remained consistent at 14 days throughout all three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days end of 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
60
Dispute Resolution Process
For any payment disputes suppliers can either contact the Accounts Payable team by email accountspowertrains@redbulltechnology.com or by telephone on 01908 279700. Payment disputes are given a high level of importance and resolved promptly by the Accounts Payable team.
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
