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Company number: 00438886

Reporting period:
1 October 2018 to 31 March 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 29 April 2019

and approved by Nikheel Shah

Payment statistics

Average time taken to pay invoices: 20 days

Invoices paid:

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

Standard payment terms are 30 days from date of invoice. Payment terms may vary based on contracts or agreements with individual vehicle vendors or suppliers, from immediate payment to payment 30 days from date of invoice.

The Company makes payments on a daily basis to vehicle vendors and on a weekly basis for supplier payments. As a result, payments may be received by the supplier shortly after the due date. If a payment falls due on a bank holiday or weekend, payments will be issued in the next payment cycle.

Standard payment terms as reported here are impacted by payment terms to companies within the BCA Group.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

30 days

Any other information about payment terms


Dispute resolution process

Disputes should be raised in the first instance with the BCA Accounts Payable team for overheads or the Auction Accounts team for vehicles, by telephone on 01252 721 200. The teams will endeavour to resolve any issues promptly and professionally. Should this team be unable to resolve a dispute, they would refer to the supplier’s applicable contract, which will inform the procedure to be followed to resolve a dispute.

Although the Company aims to resolve queries with suppliers in a timely manner, the actual timescale for resolution will vary depending on the underlying query.

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?