| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 37 | 49% | 48% | 3% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 35 | 48% | 50% | 2% | 45% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 24 | 61% | 38% | 1% | 40% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Net Monthly. We pay at the end of the following month unless otherwise requested.
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
Non regulated disputes would be managed by the Head of businesses at each individual dealership where appropriate will be escalated to the management board/appropriate director. Regulated disputes would be managed by our internal compliance manager and where appropriate will be escalated to the management board/appropriate director
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Dick Lovett Limited is a company registered in England, incorporated in 1946 and previously known as Bridge Garage (Marlborough) Limited and later Dick Lovett Specialist Cars (Marlborough) Limited. Its registered SIC codes cover the sale of new and used cars and light motor vehicles, and the maintenance and repair of motor vehicles, indicating it operates as a motor dealership and vehicle servicing business. It is based in Swindon, Wiltshire. Company records show it remains active, filing regular accounts and confirmation statements, with a person of significant control linked to Western Counties Automobile Company Limited.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk