GOV.UK
LEASEPLAN UK LIMITED
Company number: 01397939
Reporting period:
1 July 2023
to 31 December 2023
This report was filed on 30 January 2024
and approved by Rudolf Cellier
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 31%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
New vehicle related invoices - 14 days
Repair and Maintenance - 30 - 60 day by contract
Daily Rentals - 30 days
Accident management - 21 days
Tyres - 20th, 25th, 30th of the following month
Indirect Procurement - 60 days
Were there any changes to the standard payment terms in the reporting period?
Yes – We mover maintenance and repair from 25th of the following month to 30 days to match suppliers terms better
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
We investigate disputes and complaints regarding late payment by initially checking to see if the invoice was received into the business.
If it is established that the invoice was not received a copy will be obtained and prompt payment arranged.
Disputed new vehicle invoices will be logged and managed by our query management tool
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