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EUROPCAR GROUP UK LIMITED

Company number: 01089053

Reporting period:
1 January 2023 to 30 June 2023

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

This report was filed on 14 July 2023

and approved by Chris Carson

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 51%
• in 31 to 60 days: 40%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 57 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

90 days

Standard payment terms

For Non-Fleet Procurement the International procedure the standard payment terms should be 60 days from date of invoice, or 45 days from end of the month of invoice date. We do however have some that are 7, 14 and of 30 days.

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

No

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Varies from contract to contract (and product to product)

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