YEOMANS LIMITED
Company number: 01937745
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
25 July 2025
Approved by:
David Hamilton-Brown
Payment statistics
Average time taken to pay invoices: 27 days
Total value paid:
- within 30 days: £186,122,404 (79%)
- in 31 to 60 days: £22,875,633 (10%)
- in 61 days or more: £25,121,342 (11%)
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 41%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £11,768,235
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
365 days
Standard payment terms
Standard payment terms for non vehicle purchases are typically the end of the month following the date of invoice. The standard payment method is via BACS.
Standard payment terms for new vehicle purchases are agreed with the represented manufacturers individually. New vehicles are typically paid for within 7 days of being registered. Demonstrator vehicles attract extended payment terms of up to 365 days. Payment is taken via Direct Debit in both instances.
Used Vehicles are paid for in full on acquisition, either as direct purchases or as part exchanged vehicles.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
365 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Yeomans seek to settle all invoices within the agreed payment terms, subject to the invoice being presented correctly and authorised by the manager who placed the order.
The manager is also responsible for liaising with the supplier to resolve any dispute which may arise.
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.
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