PARK GARAGE GROUP PLC
Company number: 03497029
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
27 January 2026
Approved by:
Sunil Tandon
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 29 days
Total value paid:
- within 30 days: £16,511,614 (56%)
- in 31 to 60 days: £13,029,708 (44%)
- in 61 days or more: £30,828 (< 1%)
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 44%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Payment terms are agreed individually with each supplier. In most cases, standard payment terms of 30 days apply. However, for smaller suppliers, shorter terms may be agreed, such as payment within 7 days or on the same day the invoice is received. Major suppliers operate under their own predefined payment terms, with the longest payment period being 47 days, settled via direct debit.
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
47 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputes or discrepancies with suppliers are addressed promptly upon receipt of invoices. Such occurrences are infrequent due to the purchase order (PO) system in place, which ensures that all work, services, and job references are accurately matched with the corresponding invoices. Suppliers are contacted immediately if any discrepancies are identified and are resolved in a timely manner.
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