LLOYD MOTORS LIMITED
Company number: 01271767
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
2 February 2026
Approved by:
Samuel J Lloyd
Payment statistics
Average time taken to pay invoices: 35 days
Total value paid:
- within 30 days: £253,000,000 (46%)
- in 31 to 60 days: £247,000,000 (45%)
- in 61 days or more: £49,000,000 (9%)
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 45%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £115,000
- payments due in the reporting period which have not been paid within the agreed period: 21%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
Answer not provided
Standard payment terms
End of month following date of invoice
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
60 days
A significant proportion (by value) of our payments are manufacturer led and paid by direct debit and thus are by definition are paid at agreed terms. Purchases of used vehicles and part exchange vehicles are generally paid on a cleared funds policy.
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices are registered to Managers who order goods with purchase orders and then authorise them for payment. Any dispute would be resolved by the accounts department liaising with the supplier and our management. Suppliers must submit monthly statements which allows us to check we have all invoices. Any invoices not authorised by the managers are placed on hold until the supplier can submit further documents, i.e. order note etc - if the issue is down to quality of work this will be discussed by the Manager who has requested the work & the supplier, if required this will be escalated to senior management in the Company to resolve.
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