SUZUKI GB PLC
Company number: 00768587
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
24 April 2026
Approved by:
Martin Lloyd
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 22 days
Total value paid:
- within 30 days: £34,791,089 (86%)
- in 31 to 60 days: £5,453,494 (13%)
- in 61 days or more: £397,970 (< 1%)
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 8%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £14,343,804
- payments due in the reporting period which have not been paid within the agreed period: 12%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days from invoice date. There are some suppliers with 7 days, 14 days, 60 days and end of following month.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If there are issues with supplier performance, disputes or conflicts, the Business Owner must escalate the matter to the Procurement team who will mediate and work towards resolution. The Account Management team from the supplier will be invited to meet with SGB stakeholders to discuss the issues. If there is a contract in place, the clauses of the contract which relate to Disputes and Resolution will be initiated. If there is no contract in place, our own Dispute and Resolution process will be followed. The supplier may also be subject to a Supplier Improvement Plan. If this fails, the S4 process described in 7.5 of this policy will be initiated and the supplier will be offboarded. Any termination of major suppliers must have full Board approval.
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.
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