GSF CAR PARTS LIMITED
Company number: 01779084
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
29 July 2025
Approved by:
Michael Scott
Payment statistics
Average time taken to pay invoices: 96 days
Total value paid:
- within 30 days: £44,164,258 (16%)
- in 31 to 60 days: £49,732,531 (18%)
- in 61 days or more: £187,422,322 (67%)
Invoices paid:
- within 30 days: 4%
- in 31 to 60 days: 15%
- in 61 days or more: 81%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £60,531,287
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
270 days
Standard payment terms
Immediate 7 days date of invoice 30 days date of invoice 45 Days end of month following 60 Days end of month following 75 Days end of month following 90 Days end of month following 120 Days end of month following 150 Days end of month following 180 Days end of month following 240 Days end of month following 270 Days end of month following
Were there any changes to the standard payment terms in the reporting period?
Addition of 240 days end of month and 270 days end of month terms
Were suppliers notified or consulted about these changes before they were made?
Our commercial team completed negotiations with suppliers
Maximum contractual payment period agreed
270 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
A supplier initially contacts the Accounts Payable Team, if resolution is not acceptable resolution of as below Deputy Head of Accounts Payable > Head of Accounts Payable > Financial Controller > 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