MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED
Company number: 03640941
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Amerigo Holthouse
Payment statistics
Average time taken to pay invoices: 63 days
Total value paid:
- within 30 days: £25,357,308 (36%)
- in 31 to 60 days: £25,200,644 (36%)
- in 61 days or more: £18,994,459 (27%)
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 37%
- in 61 days or more: 41%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £22,199,212
- payments due in the reporting period which have not been paid within the agreed period: 23%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment terms are established individually with each supplier, subject to regional practices and any applicable government requirements. Intercompany suppliers operate under 60-day payment terms, unless local regulatory requirements dictate otherwise.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Cummins is committed to working with our suppliers to help achieve on time, accurate payments. Any disputes will be dealt with first by the appropriate sourcing manager and, upon escalation, the Accounts Payable Helpdesk located in the Troy, MI. The Accounts Payable team can be contacted Monday to Friday by email. Further contact information and guidance on submission of invoices can be found on supplier.cummins.com.
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.
No
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.
Yes
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