HARWOODS LIMITED

PaymentCheck Score 2022
55Fair
0.4vs last year
#3813 in UK
#254 in Travel And Transportation
#624 in South East

Company Information

Company Number
00368849
Registered Address
Harwoods Group, London Road, Pulborough, England, RH20 1AR
Status
Active
Employee Count
1,029
Turnover
£636,303,000
EBITDA
£12,629,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 August 1941
Nature of Business
45111 - Sale of new cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
Industries
Travel And Transportation
Region
South East

Time to Pay

Average Time to Pay
41 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
59%
31-60 Days
33%
After 60 Days
8%
Not Paid Within Terms41%

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: 2023-01-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202225 Jan 20234159%33%8%41%
01 Jan 2022 - 30 Jun 202207 Jul 20224712%61%27%16%
01 Jul 2021 - 31 Dec 202128 Feb 20224127%66%7%0%
01 Jan 2021 - 30 Jun 202115 Jul 2021419%57%34%13%
01 Jul 2020 - 31 Dec 202019 Jan 20214727%58%15%22%
01 Jul 2019 - 31 Dec 201929 Jan 20203935%58%7%7%
01 Jan 2018 - 30 Jun 201820 Jul 20183934%60%6%6%

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

Paid at end of month following receipt of invoice

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

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

Escalated via email to company directors

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

Harwoods Limited is a British luxury car dealership that was founded in 1931. With over 90 years of experience, it has become one of the leading dealerships for premium car brands such as Aston Martin, Audi, Bentley, Jaguar, Land Rover, and McLaren.

The company's sustainability program focuses on reducing its environmental impact by implementing eco-friendly practices in all aspects of its operations. This includes using energy-efficient lighting and recycling waste materials. They also offer a range of electric and hybrid vehicles to promote sustainable transportation.

Harwoods Limited prides itself on providing exceptional customer service and a wide range of high-quality products. Their services include new and used car sales, servicing, and maintenance, as well as financing and insurance options. They also offer a variety of accessories and parts for their luxury car brands.

The key people at Harwoods Limited include Chairman, Guy Harwood, and Managing Director, Mark Lavery. These individuals have played a crucial role in the company's success and continue to lead the business towards growth and innovation.

For those interested in contacting Harwoods Limited, their website address is www.harwoods.uk.com. The registered office address is Harwoods Limited, Broadbridge Heath, Horsham, West Sussex, RH12 3TD. Overall, Harwoods Limited is a reputable and sustainable company that offers top-notch products and services to its customers.

Financial Metrics

Cash
£170,679
Net Worth
£72,266,129
Total Current Assets
£133,906,475
Total Current Liabilities
£134,809,119

Company Location