| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2020 - 30 Jun 2020 | 10 Aug 2020 | 41 | 46% | 40% | 12% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 33 | 51% | 43% | 6% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 36 | 46% | 46% | 8% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 32 | 46% | 47% | 7% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Trade suppliers are usually either 30 days or month emd following date of invoice. Vehicle purchases are subject to various terms & stocking plans & are dependant on length of holding. New vehicles would normally require payment within 5 days of registration.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment suffered due to delayed receipt of supplier invoices and reduced staff to deal with processing all as a result of covid / lockdown/furlough
Maximum contractual payment period agreed
365
Contact with supplier by the original ordering dept, supplier may escalate t to resolve
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
F.G. Barnes & Sons Limited is a UK-registered company trading as Sandown, a car dealership group operating retailer and service centres across Surrey, Hampshire, Dorset, Berkshire and Wiltshire. It sells new and used cars, including electric and hybrid models, representing manufacturers such as Mercedes-Benz, smart, OMODA, JAECOO, Chery, Kia and Nissan. Services include vehicle servicing and MOTs, genuine parts, vehicle finance (PCP and HP agreements), vehicle valuation, home delivery, van sales and servicing, and company car and fleet support for business customers. The company states it has over 45 years of experience selling and servicing premium vehicles.
Generated from the company's website and Companies House records. Sources: fgbarnes.co.uk