GOODYEAR TYRES UK LIMITED
Company number: 00223064
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Andrei Draghici
Payment statistics
Average time taken to pay invoices: 57 days
Total value paid:
- within 30 days: £8,428,705 (15%)
- in 31 to 60 days: £31,621,920 (57%)
- in 61 days or more: £15,224,745 (28%)
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 61%
- in 61 days or more: 29%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £6,897,677
- payments due in the reporting period which have not been paid within the agreed period: 5%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
120 days
Standard payment terms
GDTUK do not have standard payment terms for different types of qualifying contracts. During this specific period the most commonly used payment term was 30 [e.g. N030 & P030] to pay supplier*. *Please note - this will potentially change from period to period and is not indicative of any standard payment terms used.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
GDTUK do not have standard terms for different types of qualifying contracts. There were no changes to this during the defined reporting period
Any other information about payment terms
No further comment provided
Dispute resolution process
We have the following process for receiving and responding to disputes and complaints from Suppliers. Supplier will contact 'Accounts Payable Dept (AP)' via email. AP will respond to the supplier within three (3) business days. AP will check internal systems and seek resolution as appropriate. AP will update the Supplier as appropriate / necessary with any actions or next steps.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No