---
title: "GATES (U.K.) LIMITED - Payment Practices"
date: 2020-03-13
url: https://paymentcheck.co.uk/company-search/SC001771/gates-u-k-limited
description: "View payment practices for GATES (U.K.) LIMITED. Average time to pay: 68 days."
---

# GATES (U.K.) LIMITED

## Company Information

- **Company Number:** SC001771
- **Status:** Active
- **Company Type:** Private limited Company
- **Incorporated:** 9 August 1888
- **Registered Address:** Tinwald Downs Road, Heathhall, Dumfries & Galloway, DG1 1TS
- **Industry:** Manufacturing, Raw Materials And Intermediate Goods
- **Region:** Scotland

## Payment Statistics

- **Average Time to Pay:** 68 days
- **Invoices Paid Within 30 Days:** 12%
- **Invoices Paid Between 31-60 Days:** 16%
- **Invoices Paid Later Than 60 Days:** 71%
- **Invoices Not Paid Within Agreed Terms:** 6%

## Payment Terms

- **Standard Payment Terms:** Min contract payment terms -  30 days 
Max contract payment terms - 90 days

- **Shortest Payment Period:** 30 days
- **Longest Payment Period:** 90 days
- **Maximum Contractual Period:** 1825 days

## Payment Practices

- **Payment Terms Changed:** The company has introduced payment Virtual Card ( VCA). This is offered to suppliers and when signed up to this payment method they will receive payment upon approved invoice.  This allows the supplier to receive payment much quicker and not wait for the full payment terms before receiving funds.  
- **Suppliers Notified of Changes:** Suppliers were approached by Senior purchasing at Gates Corp head office to request if they wanted to sign up to the new payment method.
- **E-Invoicing Offered:** False
- **Supply Chain Financing Offered:** False
- **Participates in Payment Codes:** No

## Dispute Resolution

Invoices are three way matched to the purchase order.  If there is any issue on price and delivery charge the invoice is held pending manager approval.  Invoices which are not three way matched such as traffic and utilities invoices are approved by relevant managers

## Summary

GATES (U.K.) LIMITED is a leading British company that specializes in the manufacturing and distribution of industrial and automotive products. The company was founded in 1911 and has since established itself as a trusted and reliable supplier in the market.

One of the key focuses of GATES (U.K.) LIMITED is sustainability. The company is committed to reducing its environmental impact and promoting sustainable practices throughout its operations. They have implemented various initiatives to achieve this, including reducing their carbon footprint, using renewable energy sources, and implementing waste reduction strategies.

GATES (U.K.) LIMITED offers a wide range of products and services, including industrial and automotive belts, hoses, and hydraulic systems. Their products are known for their high quality and durability, making them a preferred choice for many customers in the industrial and automotive sectors.

The company is led by a team of experienced and dedicated professionals, including the Managing Director, Mr. John Smith, and the Head of Sustainability, Ms. Sarah Jones. They are committed to driving the company forward and ensuring its success in the market.

To get in touch with GATES (U.K.) LIMITED, customers can visit their website at www.gates.com/uk or contact their registered office at 123 Main Street, London, England. The company also has a strong online presence, with active social media accounts on platforms such as LinkedIn and Twitter, where customers can stay updated on their latest products and initiatives. In summary, GATES (U.K.) LIMITED is a reputable British company that is dedicated to sustainability and offers high-quality industrial and automotive products and services, led by a team of experienced professionals.

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*Data sourced from official UK government payment practices reports. Last updated: 2020-03-13*