Company number: 00438886
and approved by Nikheel Shah
Average time taken to pay invoices: 13 days
Invoices paid:
Invoices due but not paid within agreed terms: 18%
0 days
30 days
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.
Answer not provided
N/A
30 days
No further comment provided
N/A
Disputes should be raised in the first instance with BCA Accounts Payable team for overheads or Auction Accounts team for vehicles, by telephone 01252 721 200. The finance team will endeavour to resolve any issues promptly and professionally. Should the finance team be unable to resolve a dispute, we would refer to the supplier’s specific contract with us, which will detail the actions to take in order to resolve any disputes.
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