| 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 | 09 Feb 2026 | 45 | 45% | 34% | 21% | 70% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 48 | 45% | 15% | 40% | 77% |
| 01 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 22 | 73% | 18% | 9% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 54 | 32% | 36% | 32% | 86% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 48 | 62% | 19% | 19% | 71% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
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
60
If suppliers have got any queries related to invoices and payments they can contact psnyap@polestar.com, which acts as an information centre. Accounts Payable team within the Finance Processes function reporting to the Group CFO will provide details such as status of invoices, date of payments, and statement of account reconciliations. For any dispute related to the terms and conditions agreed, Accounts Payable team will direct the suppliers to the relevant Company personnel to obtain information about their query.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
POLESTAR AUTOMOTIVE HOLDING UK PLC is a leading electric vehicle manufacturer based in the United Kingdom. The company is committed to sustainability and has a strong focus on creating eco-friendly products and services.
The company's sustainability program includes initiatives such as using renewable energy sources in their manufacturing processes, reducing carbon emissions, and implementing sustainable supply chain practices. They also have a goal of achieving a net-zero carbon footprint by 2040.
POLESTAR offers a range of electric vehicles that are designed to be both luxurious and environmentally friendly. Their models include the Polestar 1, a hybrid electric sports car, and the Polestar 2, a fully electric fastback. These vehicles have received high praise for their innovative design and advanced technology.
The key people at POLESTAR AUTOMOTIVE HOLDING UK PLC include Thomas Ingenlath, the CEO, and Max Missoni, the Chief Design Officer. Both have extensive experience in the automotive industry and are passionate about sustainability.
The company's registered office address is located at 58 Southwark Bridge Road, London, SE1 0AS. Their website, www.polestar.com, provides information on their products, sustainability efforts, and contact details.
In conclusion, POLESTAR AUTOMOTIVE HOLDING UK PLC is a forward-thinking company that is committed to sustainability and creating innovative electric vehicles. Their products, services, and key people reflect their dedication to a more environmentally friendly future.
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