POLESTAR AUTOMOTIVE HOLDING UK PLC

Company number: 13624182

Reporting period:
1 July 2023 to 31 December 2023

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This report was filed on 29 January 2024

and approved by Thomas Ingenlath

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 32%
• in 31 to 60 days: 36%
• in 61 days or more: 32%

Invoices due but not paid within agreed terms: 86%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

30 days

Standard payment terms

Most common payment term in the reporting period are payment within 0 and 30 days from invoice date.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

If suppliers have got queries related to invoices and payments they can contact psnyap@polestar.com, which acts as the information centre. Accounts Payable team within the Finance Processes function, reporting to the Group CFO, will provide details such as status of invoices, date of payments, and statement of account reconciliations. For any dispute related to the terms and conditions agreed, Accounts Payable team will direct the suppliers to the relevant Company personnel to obtain information about their query.

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, 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