Company number: 01966449
and approved by Charles King
Average time taken to pay invoices: 52 days
Invoices paid:
Invoices due but not paid within agreed terms: 73%
0 days
365 days
Material parts and services provided are on a standard period of 30 days of the month following. Wholegoods (vehicles and machinery) stock terms differ by product and seasonality which can be from 30 days of the month following to 365 days based on the following criteria: Retailed goods - 30 day of the month following terms. Seasonal stock - 90-180 day terms. On occasion stock can be purchased on 365 day terms on agreement with supplier. Seasonal stock and 365 day term stock is on a pay when sold basis.
Answer not provided
N/A
365 days
No further comment provided
The figure of 77% for payments due in the reporting period which have not been paid within the agreed period is misleading due to the following: As the majority of our invoices (not values) are on 30 day month following terms and our supplier accounts term are setup as 28 days month following to account for the leap year the reporting programme flags these as late payments. In addition the majority of our wholegoods stocking payments are made by Direct Debit from the supplier therefore these are never late. In the light of this report we are amending our recording if necessary and we should see an improvement in their accuracy.
Dedicated manageress responsible for handling disputes and taken to the Director responsible when required
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No