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OGILVIE FLEET LIMITED

Company number: SC067027

Reporting period:
1 July 2019 to 31 December 2019

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

This report was filed on 27 January 2020

and approved by Jill Stephen

Payment statistics

Average time taken to pay invoices: 20 days

Invoices paid:

• within 30 days: 99%
• in 31 to 60 days: 1%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 1 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

The majority of our invoices are through 1-Link which carries a 28 day standard payment term

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

No

Maximum contractual payment period agreed

30 days

Our standard payment terms are 28 days for nearly all of our invoices and 14 days for new vehicle invoices

Any other information about payment terms

N/A

Dispute resolution process

Disputes are carried out by the department for which the invoice relates i.e. Maintenance Dept for Maintenance Invoices, Daily Rental department for Daily Rental invoices and Vehicle Purchasing for New Vehicle Invoices. Disputes are usually resolved over the phone and mainly relating to quotes prices not being charged, therefore a credit note or a new invoices is supplied.

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.

Yes

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