GROUP AUTO UNION UK AND IRELAND LIMITED
Company number: 01416163
1 July 2019
to 31 December 2019
This report was filed on 28 January 2020
and approved by John Coombes
Average time taken to pay invoices: 78 days
- within 30 days: 1%
- in 31 to 60 days: 1%
- in 61 days or more: 98%
Invoices due but not paid within agreed terms: 0 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard payment terms are 60 days from the end of the month in which invoices are received
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Suppliers may raise disputes by emailing the purchase ledger team who seeks to resolve independently. Where necessary, disputes are escalated to the purchase ledger manager and then to a financial controller. If a dispute is still not resolved, the company will enter into a process of self managed arbitration, involving the senior management of both principals to try and reach a mutually acceptable agreement.
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?