Their own payment-practices filing · gov.uk

How long does GKN Freight Services Limited take to pay its suppliers?

CRN 00056211 · Transport & storage · 4 statutory reports on record · period to 31 Dec 2023

71days

their reported average time to pay suppliers, latest period

Well behindvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Dated record. The latest report covers a period ending 31 Dec 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 23 Feb 1898
Registered office: 2660 KINGS COURT, BIRMINGHAM, B37 7YE

0 outstanding charges on the register Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 104 days. Reported average: 71.

Stated terms104d

-33 days

Reported avg71d

At a glance

The key figures

104d

their stated terms

invoices paid outside terms

+11d

slower over the window

±6d

variable pattern

Vs peers · latest reported averages

fasterslower

Slower than 99% of the 248 large companies reporting in transport & storage.

The pattern

Getting slower

Average days to pay across their last 4 statutory reports.

terms 104d

H1 2022H2 2022H1 2023H2 2023

Where their supplier invoices land · latest period

within 30 days 11% 31–60 days 39% 61+ days 50%

The read · computed from their figures

GKN Freight Services Limited has filed 4 statutory payment periods (earliest H1 2022). Their latest report puts the average at 71 days against stated terms of 104 days.

The direction is slower: from 60 to 71 days over the window — about 11 days slower.

In the latest period 9% of invoices were paid outside their agreed terms, and 50% landed 61+ days out.

What they tell their suppliers

Offers supply-chain finance

In their own words · from the filing

Standard payment terms

The company’s standard terms and conditions of purchase (available at: www.GKNAutomotive.com/GeneralPurchasingConditions) provide that payment will be due on the first bi-weekly GKN payment run date falling ninety (90) days after the later of the date on which: (a) a validly issued invoice is received by GKN; or (b) title to the products passes to GKN and/or the services are provided in full (as applicable). However, in practice these terms only apply in the absence of agreement and the company agrees payment terms with its suppliers on a case by case basis.

Dispute resolution

Due to the nature of the company’s activities, disputes with its suppliers are very infrequent. The company does not have a formal dispute resolution process. Any disputes or queries should be raised with the relevant company contact for that particular contract (which varies from contract to contract) who will attempt to resolve that dispute with the supplier informally in the first instance. There have been no formal legal disputes about payments between the company and its suppliers in the reporting period.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2023	71	9%	50%	30 Jan 2024
H1 2023	67	12%	48%	27 Jul 2023
H2 2022	66	12%	44%	16 Jan 2023
H1 2022	60	14%	39%	23 Jul 2022

Quick answers

Are they getting slower or faster?

Their reported average has moved about 11 days slower over the window (60 → 71 days).

What's their typical pay point?

Their latest reports average around day 71, moving within about ±6 days. Treat that as a historical reference point, not a promise for a new invoice.

Can I see what this means for my invoices?

Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

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How UK payment reporting works

What is a Payment Practices Report?

UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.

What does "paid outside agreed terms" mean?

The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.

How often is this data updated?

Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.

Is this official government data?

The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00056211 · latest period to 31 Dec 2023

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