DICK LOVETT LIMITED

Company Information

Company Number
00414098
Registered Address
The Copse Frankland Road, Blagrove, Swindon, Wiltshire, England, SN5 8YW
Status
Active
Employee Count
222
Turnover
£280,139,000
EBITDA
£7,464,000

Additional Details

Company Type
Private limited Company
Incorporated On
2 July 1946
Nature of Business
45111 - Sale of new cars and light motor vehicles
45112 - Sale of used cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
Industries
Road Travel
Region
South West

Time to Pay

Average Time to Pay
37 days
Shortest Period:0 days
Longest Period:45 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
49%
31-60 Days
48%
After 60 Days
3%
Not Paid Within Terms45%

Payment Features

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

Invoice Payment Practices

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

Payment Terms

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

Dispute Resolution Process

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

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

Dick Lovett Limited is a British automotive company that specializes in the sale of luxury cars. The company was founded in 1966 and is headquartered in Swindon, Wiltshire.

The company offers a wide range of luxury cars including brands such as Aston Martin, BMW, Ferrari, Porsche, and Rolls-Royce. They also offer after-sales services such as repairs, maintenance, and parts.

Dick Lovett Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in energy-efficient lighting and heating systems, as well as using renewable energy sources in their facilities. They also have a recycling program in place to reduce waste.

The key people at Dick Lovett Limited include Chairman Peter Lovett, Managing Director Mark Whittaker, and Group Marketing Director Simon Hetherington.

Customers can contact the company through their website, where they can browse their inventory, book a test drive, or schedule a service appointment. The registered office address for Dick Lovett Limited is One Coped Hall, Royal Wootton Bassett, Swindon, SN4 8EP.

In summary, Dick Lovett Limited is a leading luxury car dealership in the UK, offering a range of high-end vehicles and services. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact. With a dedicated team of professionals and a strong online presence, the company continues to provide top-quality products and services to their customers.

Financial Metrics

Cash
£16,784,000
Net Worth
£28,373,000
Total Current Assets
£50,643,000
Total Current Liabilities
£23,189,000

Company Location