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Their own payment-practices filing · gov.uk

Michelin Tyre Public Limited Company paid suppliers in 35 days on average — inside its shortest stated term

CRN 00084559 · Manufacturing · 5 statutory reports on record · period to 30 Jun 2020

Dated record. The latest report covers a period ending 30 Jun 2020 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
35daysavg time to pay · H1 2020

Their H1 2020 filing put the average 10 days inside the shortest term they state (45 days).

Their stated terms
45–90 days
Paid outside agreed terms
15% of invoices
Paid after 61+ days
7%
Reporting period
1 Jan 2020 – 30 Jun 2020
Source
their gov.uk filing, filed 1 Sept 2020

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

Terms vs reality · their H1 2020 filing

Paid 10 days inside the 45-day term they state

The pattern · last 5 of 5 reports

41 → 35 days — faster across the window

The read · computed from their figures

Michelin Tyre Public Limited Company's H1 2020 filing put their average at 35 days against stated terms of 45–90 days; 15% of invoices were paid outside agreed terms and 7% took 61 days or longer. Filed 1 Sept 2020.

The direction is faster: from 41 days in H1 2018 to 35 now — 6 days faster across their last 5 reports.

That is 5 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

What they tell their suppliers

Offers e-invoicing Offers supply-chain finance

In their own words · from the filing

Standard payment terms

Standard terms applied are 60 days end of month however circumstances or events may arise where alternative terms can be applied. Please note all days entered are end of month.

Dispute resolution

Stated In our standard terms should any disputes arise which cannot be resolved by the parties then will be submitted to the mediation customer-supplier relationships mediator.If the mediation process fails then this maybe brought by either party before the court of jurisdiction.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20203515%7%1 Sept 2020
H2 20193614%8%6 Apr 2020
H1 20193614%10%27 Sept 2019
H2 20183515%11%10 Jun 2019
H1 20184118%12%27 Sept 2018

On the public register · Companies House

Company record

Status
Active
Type
Public Limited Company
Incorporated
11 May 1905
Registered office
CAMPBELL ROAD, STOKE-ON-TRENT, ST4 4EY
1 outstanding charge — secured borrowing registered Accounts due 30 Jun 2027

Open the full record at Companies House.

Quick answers · Michelin Tyre Public Limited Company

Are they getting slower or faster?
Their reported average has moved about 6 days faster over the window (41 → 35 days).
What's their typical pay point?
Their latest filed report put the average at day 35; across their last 5 reports it ranged 35–41 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.
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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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00084559 · latest period to 30 Jun 2020

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