TREK BICYCLE CORPORATION LIMITED
Company number: 02355933
Reporting period:
4 January 2026 to 27 June 2026
Report filed on:
31 July 2026
Approved by:
Gurinder Kular
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: 51 days
Total value paid:
- within 30 days: £9,276,367 (12%)
- in 31 to 60 days: £2,522,583 (3%)
- in 61 days or more: £66,286,698 (85%)
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 44%
- in 61 days or more: 27%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £20,246,782
- payments due in the reporting period which have not been paid within the agreed period: 55%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
270 days
Standard payment terms
TREK’S STANDARD PAYMENT TERMS ARE 60 DAYS (90 DAYS FOR INVENTORY)
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
270 days
Intercompany Invoices are the reason that these numbers look bad and a process change internally has caused this. We are not late on external supplier payments which is the whole point of this report.
Any other information about payment terms
No further comment provided
Dispute resolution process
AP report is reviewed weekly and any invoices older than 60 days are actioned on suppliers basis.
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