RED BULL POWERTRAINS 2026 LIMITED

Company Information

Company Number
14131067
Registered Address
Rindt Building Building 8, 11 Bradbourne Drive, Tilbrook, Milton Keynes, United Kingdom, MK7 8AT
Status
Active
Employee Count
166.0
Turnover
59421000.0
EBITDA
8819000.0

Additional Details

Company Type
Private limited Company
Incorporated On
25 May 2022
Nature of Business
29320 - Manufacture of other parts and accessories for motor vehicles
Industries
Travel And Transportation
Region
South East

Company Location

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Financial Metrics

Cash
£376,000.00
Net Worth
-£8,079,000.00
Total Current Assets
£32,310,000.00
Total Current Liabilities
£134,437,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
30 days
Shortest Period:14 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
54%
31-60 Days
45%
After 60 Days
1%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20243054%45%1%1%
01 Jan 2023 - 30 Jun 202301 Aug 20233177%20%3%4%

Company Summary

RED BULL POWERTRAINS 2026 LIMITED is a British-based company that specializes in the development and production of high-performance powertrains for motorsports

The company was established in 2021 and is a subsidiary of the renowned Red Bull Racing Formula One team

One of the key focuses of RED BULL POWERTRAINS 2026 LIMITED is sustainability

The company is committed to reducing its environmental impact and has implemented a sustainability program that includes measures such as reducing waste and carbon emissions, promoting renewable energy sources, and implementing sustainable practices in their manufacturing processes

The company's main product is their state-of-the-art powertrains, which are used in various motorsports competitions such as Formula One, Formula E, and NASCAR

These powertrains are known for their high performance, reliability, and efficiency, making them a popular choice among top racing teams

The key people behind RED BULL POWERTRAINS 2026 LIMITED include Christian Horner, the CEO of Red Bull Racing, and Ben Hodgkinson, the Technical Director of the company

Both have extensive experience in the motorsports industry and are committed to driving the company's success

For more information on RED BULL POWERTRAINS 2026 LIMITED and its products and services, you can visit their website at www.redbullpowertrains.com

The company's registered office address is located at Red Bull Racing, Bradbourne Drive, Tilbrook, Milton Keynes, MK7 8BJ, United Kingdom

Company Review

Trend Analysis

The average time taken for RED BULL POWERTRAINS 2026 LIMITED to pay invoices has decreased over the past three periods, from 31 days in the first period to 29 days in the most recent period. This indicates an improvement in payment efficiency over time.

Volatility Analysis

The volatility in the percentage of invoices paid within 30 days has been relatively low, with a decrease of only 1% between the first and most recent period. However, there has been more volatility in the percentage of invoices paid between 31 and 60 days, with a decrease of 15% between the first and most recent period. This suggests that the company has been making efforts to pay invoices within 30 days, but may still struggle with payments between 31 and 60 days.

Summary Analysis

RED BULL POWERTRAINS 2026 LIMITED has shown improvement in its payment efficiency over the past three periods. The average time taken to pay invoices has decreased, and the percentage of invoices paid within 30 days has increased. However, there is still room for improvement, as the company has been consistently paying a portion of invoices between 31 and 60 days, and has also had a small percentage of invoices paid later than 60 days.

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