AUTOVISTA LIMITED
Company number: 05763646
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
28 January 2025
Approved by:
Tom Ovenden
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 20%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Most suppliers are on 30 days payments terms. A few are on non-standard terms and vary from 0 - 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
As a business we complete two payment runs a month. Any approved supplier invoices are paid on the run closest to the due dates therefore some are paid slightly later than their due date (most likely to be within a few days).
Dispute resolution process
Suppliers email a dedicated mailbox with their invoice queries. Invoices are sent for processing the same day. The Accounts Payable team escalates queries to the budget holder and Finance team. Any disputes are resolved promptly by the Finance team in collaboration with the supplier's point of contact.
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 Fair 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.
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.
No
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