GOV.UK
MERCEDES-BENZ CARS UK LIMITED
Company number: 02448457
Reporting period:
1 January 2021
to 30 June 2021
This report was filed on 27 July 2021
and approved by Harald Henn
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 16%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
87% of these invoices are with group companies, which are paid on average in 15 days. Standard payment terms for third party suppliers is the end of the following month of invoice receipt.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
"Dispute Resolution
Invoice disputes are investigated by our front office team in our Shared Service Centre in Madrid. The supplier is required to follow our purchase order terms and conditions.
If the front office team are unable to resolve the dispute, the issue is then escalated by passing on the query to the local accounts payable team, who will work with the relevant business stakeholder to resolve.
In order to ensure invoices are approved promptly, any invoices outstanding with an approver for more than 3 days are followed up by the local accounts payable function to ensure they are dealt with."
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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