| 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 2025 - 31 Dec 2025 | 27 Jan 2026 | 45 | 38% | 42% | 20% | 61% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 42 | 37% | 47% | 16% | 61% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 56 | 31% | 47% | 22% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 19 | 59% | 33% | 8% | 83% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 13 | 86% | 11% | 3% | 83% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | 26 | 34% | 62% | 4% | 53% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 28 | 22% | 75% | 3% | 62% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 28 | 23% | 73% | 4% | 65% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
35 different payment terms are used in the organisation ranging from immediate payment to 90 days net monthly.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
For any payment disputes, they are initially communicated to the financial shared service centre, based in Slovakia. From then, the dispute is discussed with the person responsible in purchasing for that supplier. Any unresolved issues are escalated to senior management.
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
Schaeffler Vehicle Lifetime Solutions UK Limited is a UK registered entity, incorporated in 2021 and based in Hereford, forming part of the global Schaeffler Group. Companies House lists its activity as wholesale trade of motor vehicle parts and accessories. Evidence from Schaeffler's own website describes the Vehicle Lifetime Solutions division as responsible for the group's worldwide spare parts business, distributing repair solutions with original part quality. This UK company operates within that division, supplying and distributing vehicle spare parts and repair solutions to the UK market as part of Schaeffler's broader aftermarket operations, rather than manufacturing components itself.
Generated from the company's website and Companies House records. Sources: schaeffler.com.br