GOV.UK
WARRINGTON GARAGES LIMITED
Company number: 01983517
Reporting period:
1 February 2019
to 31 July 2019
This report was filed on 18 September 2019
and approved by Gareth Sinclair Williams
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 39%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 35 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
365 days
Standard payment terms
As a business we do not have standard payment terms for qualifying contracts. The most frequently used payment terms for purchase ledger are 30 days from the end of the month of the invoice date.
For vehicle purchases the most frequently used terms are those with the vehicle manufacturer. For New vehicle purchases this is 1 year from date of adoption unless the vehicle is registered within the year at which point the registration date would be the due date. For Used vehicle purchases payment is due immediately. Vehicle payments to the manufacturer are taken automatically by direct debit therefore payment dates are controlled by the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
365 days
The maximum payment period would be for the purchase of New vehicles from the manufacturer which is 1 year from the date of adoption.
Any other information about payment terms
The standard payment period, in days, for purchase ledger is 30-60 days depending on the invoice date as payment would be made at the end of the following month per the terms described above.
The standard payment period, in days, for New vehicle purchases is 365 days per the terms described above. The standard payment period, in days, for Used vehicle purchases is 0 days per the terms described above.
Dispute resolution process
The business does not have a formal dispute resolution process for qualifying contracts. Any complaint or concern will be considered by the accounts department at each dealership and escalated to the dealership Head of Business or Head Office as appropriate. We strive to resolve any dispute amicably and as quickly as possible.
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.No
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