GSF CAR PARTS LIMITED
Company number: 01779084
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Michael Scott
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: 97 days
Total value paid:
- within 30 days: £60,031,110 (19%)
- in 31 to 60 days: £56,454,810 (18%)
- in 61 days or more: £205,920,421 (64%)
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 15%
- in 61 days or more: 78%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £69,887,648
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
270 days
Standard payment terms
Immediate
7 days date of invoice
14 days date of invoice
30 days date of invoice
30 days end of month
45 days end of month
60 days date of invoice
60 days end of month
75 days end of month
90 days date of invoice
90 days end of month
105 days end of month
120 days date of invoice
120 days end of month
150 days end of month
180 days end of month
210 days date of invoice
240 days date of invoice
270 days date of invoice
Were there any changes to the standard payment terms in the reporting period?
New payment term 270 days date of invoice
Were suppliers notified or consulted about these changes before they were made?
Commercial team negotiate
Maximum contractual payment period agreed
270 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Supplier contacts Accounts payable, if issue not resolved escalation to Deputy Head of Accounts Payable, if issue not resolved escalation to Head of Accounts Payable, if issue not resolved escalation to Financial Controller, final escalation point is CFO
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