HARTWELL PLC

PaymentCheck Score 2021
73Fair
0.6vs last year
#2444 in UK
#108 in Road Travel
#418 in South East

Company Information

Company Number
00155302
Registered Address
Wootton Business Park, Besselsleigh Road, Wootton, Oxon, England, OX13 6FD
Status
Active
Employee Count
338
Turnover
£247,536,000
EBITDA
£3,047,000

Additional Details

Company Type
Public limited Company
Incorporated On
20 May 1919
Nature of Business
70100 - Activities of head offices
Industries
Road Travel
Region
South East

Time to Pay

Average Time to Pay
25 days
Shortest Period:14 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
60%
31-60 Days
35%
After 60 Days
5%
Not Paid Within Terms26%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2021-12-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jun 2021 - 30 Nov 202131 Dec 20212560%35%5%26%
01 Dec 2020 - 31 May 202102 Jul 20212757%40%3%27%
01 Jun 2020 - 30 Nov 202021 Jan 20212560%35%5%26%
01 Dec 2018 - 31 May 201918 Jun 20192953%44%3%24%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

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

Payment Terms

Standard payment terms

Our standard payment terms are 30 days from end of month of invoice date however a significant proportion of our invoices are from our motor manufacturer suppliers on which varying terms apply dependent upon the category of supply. As such many of our invoices are paid according to specific terms dependent on the nature of the invoice rather than according to our standard terms

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

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any and all invoice queries will be registered with the relevant supplier by the managing authorising the invoice or by the AP department under instruction from the appropriate manager. All invoices once received are logged on to the accounts payable system but only scanned once approved. As and when a supplier chases payment on overdue invoices the AP department follow up internally and with the supplier. If the query is due to lack of proof of delivery or back-up paperwork the AP department deal directly with the supplier to avoid a delay in payment. From the time the dispute arises the AP acts immediately and endeavours to obtain resolution so that the invoice can be included on the next payment run.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

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?

No information available

Company Summary

HARTWELL PLC is a leading UK-based company that specializes in the automotive industry, offering a wide range of products and services. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.

Their sustainability program includes reducing carbon emissions, waste management, and promoting eco-friendly practices throughout their operations. They also have a dedicated team that focuses on sustainable procurement, ensuring that their products are sourced responsibly.

HARTWELL PLC offers a diverse range of products and services, including car sales, fleet management, and vehicle servicing. They represent several well-known brands such as Ford, Peugeot, and Citroen, providing customers with reliable and high-quality vehicles.

The company is led by a team of experienced professionals, including the Chairman, Mr. John O'Hanlon, and the CEO, Mr. Tim Woolley. They are committed to driving the company towards sustainable growth and are constantly seeking innovative ways to improve their operations.

To contact HARTWELL PLC, customers can visit their website at www.hartwell.co.uk, where they can find information about their products and services, as well as the latest news and updates. The company's registered office address is 17-23 High Street, Haddenham, Aylesbury, Buckinghamshire, HP17 8ES.

In summary, HARTWELL PLC is a reputable company in the automotive industry, with a strong focus on sustainability. With a wide range of products and services, a dedicated team, and a commitment to reducing their environmental impact, the company continues to be a leader in the UK market.

Financial Metrics

Cash
£36,879,000
Net Worth
£191,133,000
Total Current Assets
£169,094,000
Total Current Liabilities
£38,093,000

Company Location